InnovestX Securities picked Airports of Thailand Public Company Limited (SET: AOT) as one of its top picks in the tourism sector, expecting the airport operator to post an impressive profit growth, driven by a significant increase in international passenger numbers.
By 2025, the company’s profits are projected to rise by 18% compared to the same period last year, based on an anticipated 84 million international passengers—a 15% increase from the previous year. In the first quarter of 2025, profits are expected to grow both year-over-year and quarter-over-quarter as the sector enters the high season of Thailand’s tourism industry.
Additionally, data compiled by LSEG from global analysts on AOT suggested 13 recommendations for…
