Maybank Eyes AOT’s Target Price at THB60 Ahead of PSC Hike on June 20

published 19 h ago · en · source ↗

Affected tickers

Per-ticker News Sentiment Indicator

AOTother · positive · med
The upcoming Passenger Service Charge hike to 1,120 Baht is expected to boost earnings for AOT starting in 4Q26.
MAJORother · neutral · high
The article focuses exclusively on AOT and the impact of the Passenger Service Charge hike, providing no information relevant to MAJOR.

Article body

Maybank Securities (Thailand) has given a strategic target price for Airports of Thailand Public Company Limited (SET: AOT) at THB 60.00 per share, citing potential upside from the Passenger Service Charge (PSC) hike that will be implemented later this month as a major catalyst. The brokerage house noted that the PSC increase to 1,120 Baht, effective June 20, 2026, will boost earnings, with full-quarter recognition starting in 4026. Furthermore, management expects flight bookings for the summer season (April-October) to have already bottomed out. Limited Impact from Middle East Tensions. The company benefits from a rise in transit and transfer passengers offsetting Middle East routes, while continuous, efficient management remains well-executed. The firm set a support level for AOT at THB 55.00 and a resistance level at THB 60.00. The stop loss position has been set at THB 52.00 per share. The share price of AOT closed the morning session on June 2, 2026, at THB 56.25 per share.