“THAI” Hikes 14.93% Investors Delight the ฿100bln. Project Is “Under Review”

On September 21, 2018 at 12:20, Thai Airways International Public Company Limited (THAI) hikes to ฿15.40/share, up 14.93% or ฿2 with a total of 661 million baht in value from the news of its plan to purchase 23 aircraft for a total of 100 billion baht.

However, the real reason for the 14.93% hike may not be because of the purchasing plan to be initiated and to follow THAI’s target to be the top 5 global airlines by 2022. Actually, it is plausible that the investors are all happy when THAI announces that the decision of its plan is not final, and asks for three months to consider.

 

Suggestion from Brokers

KGI >> BUY: TP ฿16.10/share

PHILLIP >> BUY: ฿18.50/share

KSS >> Hold: TP ฿16.00/share