AOT Jumps 5% as Traders Speculate on the Recovering Performance in 2H21
The analyst believed the surge in AOT's share price was due to a speculation on the reopening theme, giving a consensus target price at Bt69 per share.
The share price of Airports of Thailand Public Company Limited (AOT) rose ฿3.25/share or 5% to ฿68.25/share with a trading value of 4,844 million baht as of 15:36 local time in Thailand on June 11, 2021.
UOB Kay Hian Securities (Thailand) stated that the surge in AOT’s share price was due to the speculation in anticipation for a recovery in 2H21 as air transportation tends to be better after 2Q21.
However, the vaccine rollout could post a positive sentiment but the analyst stated that the fundamentals might not recover in a fast pace, expecting investors to focus on the reopening theme and overlook the 2Q21 results.
In addition, the consensus for AOT is at ฿69.00/share and UOB Kay Hian saw that the share price had priced in the positive sentiment on border reopening.
