2024-03-11 12:52:58
Stock Dimension – AAV This year’s passenger target is set to exceed 20. Millions of people open more international flight routes, brokers predict profits to grow more than 200-300%.
AAV or Asia Aviation Public Company Limited by Phai Securities stated that Management aims for 20-21 million passengers in 2024, benefiting from the opening of more international flight routes. On the main route such as China, AAV views that the recovery is still gradual. We still have to wait and see following free visas are opened. It is expected that there will be 93 flights/week, increasing from 83 flights/week during Q4/23.
Aiming to open more flights to Japan
It is also preparing to open flights to Japan. Passing through Taipei and Kaohsiung, adding 3 more locations, namely Taipei-Osaka, Taipei-Okinawa, and Kaohsiung-Nariti, expected to start in the middle of this year with an expected full-year profit of 1,542 million baht, growing 230% from Last year, recommended “Buy” with a target of 3.42 baht/share.
Win the year’s profits 67 grown up358%
Beyond Securities stated that it recommends “Buy” with a target of 3.90 baht, expecting demand to recover significantly this year and AAV will also increase the number of aircraft from the current 56 to 60 this year. In addition, fares will also adjust. An increase of 5-10% from last year. This year’s net profit is expected to be 2,134 million baht, growing 358% from last year.
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