AOT advances cargo and ground handling project worth 6.7 billion baht

Corporate ActionAnalyst
โดย HoonVision·TH·Read original
Summary · why it matters

AOT is moving forward with its cargo and ground handling services project after the cabinet approved AOTGA to become the third service provider at Suvarnabhumi Airport under a 25-year PPP Net Cost concession, with a total value exceeding 6.7 billion baht. The project comprises two main contracts: cargo handling and ramp handling services. AOTGA is a joint venture between AOT, holding 49%, and SAL, holding 51%, with SAL being a subsidiary of SKY. Broker KGI estimates that if operations reach full potential, this project could generate revenue of around 4.0-6.0 billion baht per year and boost AOT's profit by approximately 400-600 million baht per year, representing an upside to 2027 earnings of about 1.5-2.2%. KGI maintains a "Buy" recommendation with a target price of 71 baht.

Impact on stocks 3

Industrials▲ · 1 stocks
Airports Of Thailand PCL
AOT
▲ PositiveDemandrelevance

Cabinet approved AOTGA as third cargo/ground handling provider at Suvarnabhumi under a 25-year concession, adding revenue and ~400-600M baht annual profit for AOT.

Information Technology▲ · 1 stocks
Financials▲ · 1 stocks

Off-coverage companies 2

AOT Ground Aviation Services Company Limited (AOTGA)Private▲ Positive
Demandrelevance

AOTGA was approved as the third cargo and ground handling service provider at Suvarnabhumi under the 25-year PPP concession.

Bangkok Worldwide Flight Services Company LimitedPrivate± Mixed
relevance

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