Cabinet Approves AOTGA for Ground Services and Cargo Warehouse at Suvarnabhumi

M&A · Partnership

โดย Kaohoon·

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Summary · why it matters

The Cabinet has approved the results of the private sector selection and the draft joint investment contracts for two projects at Suvarnabhumi Airport, appointing Thai Airport Ground Services Company Limited (AOTGA) as the joint investor for both the apron and ground equipment services project and the cargo warehouse project, which will be operated under a PPP Net Cost model for 25 years. The ground services project will enhance capacity to support air traffic, while the cargo warehouse project covers inbound, outbound, transit, perishable, express, and e-commerce cargo services. Following the approval, Airports of Thailand (AOT) can immediately sign contracts with AOTGA, which is expected to support the region's aviation hub status. Meanwhile, research from Yuanta Securities (Thailand) indicates that the approval is a positive factor for Sky Tower Public Company Limited (SKY), which holds approximately 24% of AOTGA, and Triple I Logistics Public Company Limited (III), which holds approximately 13%, viewing the 25-year long-term project as beneficial to both companies.

Airports Of Thailand PCL ▲

Triple i Logistics Public Company Limited ▲

Sky Tower Public Company Limited ▲

Impact on stocks 3

Industrials▲ · 2 stocks

Airports Of Thailand PCL

▲ PositiveRegulationrelevance

Cabinet approval lets AOT immediately sign the 25-year PPP contracts for ground services and cargo warehouse at Suvarnabhumi.

Triple i Logistics Public Company Limited

▲ PositiveCapitalrelevance

Yuanta research flags the approval as positive for III, which holds ~13% of AOTGA, via the 25-year project.

Energy Transition & Power Demand▲ · 1 stocks

Sky Tower Public Company Limited

▲ PositiveCapitalrelevance

Yuanta research flags the approval as positive for SKY, which holds ~24% of AOTGA, via the 25-year project.

Off-coverage companies 1

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

Regulationrelevance

Cabinet approved AOTGA as joint investor for both the ground services and cargo warehouse projects under a 25-year PPP Net Cost model.