Airports of Thailand now world's most valuable operator

Airports of Thailand now world's most valuable operator

After strong international tourist arrivals in 2017, Airports of Thailand Plc surpassed Spain’s Aena SA as the world’s most-valuable airport services company.

Powered by a 75% gain since May 1, the state-owned operator of the main international airports also passed the 1-trillion-baht market capitalisation mark, joining only state-controlled energy company PTT Plc above that milestone.

Shares of Airports of Thailand jumped 9.2% in December -- rallying for a 10th consecutive month -- as government data showed international tourists in November surged 23%.

The stock’s surge was by far the best performer in Bloomberg’s Asia-Pacific Infrastructure Top Peers gauge, with Shanghai International Airport Co a distant second at 29% in the same period. Airports of Thailand gained 4.4% in the first two trading sessions of 2018.

Even so, analysts aren’t convinced: their consensus forecast suggests share may fall 12% over the next 12 months. The stock has 14 buy recommendations, 10 hold and eight sell ratings.

Do you like the content of this article?

Woman hit by stray bullet fired by road-rage gunman

NAKHON RATCHASIMA: A woman was wounded by a bullet while eating in front of her house as two men on a motorcycle fired shots at her son-in-law's pickup truck, which had cut in front of them, in Khong district on Thursday night.


Indonesia reinstates temporary tax break for small-car sales

JAKARTA: Indonesia has reinstated a temporary luxury-tax break on sales of smaller cars as the concession helped boost demand for vehicles, the Finance Ministry said on Friday.


Lady Gaga dubbed 'The Icon' on People's best dressed list

Lady Gaga on Wednesday led a list of People magazine's best-dressed celebrities that included Euphoria star Zendaya and Oscar-winning actress Viola Davis.