Reporters reported that today (June 6, 2023) the stock price Bangkok Airways Public Company Limited or B.A The latest at 11:06 AM, at 15.40 baht, plus 0.50 baht or 3.36%, highest at 15.50 baht, lowest at 15.10 baht with a trading value of 79.76 million baht.
Kingsford Securities Indicated in the analysis that there is a “buy” recommendation, the IAA Consensus target price is 16.90 baht, assessing that the airline’s business in the 2nd quarter of 2023 is likely to weaken from the previous quarter. according to seasonal factors During April, 2.18 million foreign tourists enter Thailand and it will start to slow down in May-June, which is usually low season. The same period last year This was triggered by a recovery in the number of passengers and high average prices.
As for BA’s normal season during Q3/23-Q4/23, it will gradually improve from the previous quarter respectively. Because it is the European summer and the New Year season. In addition, in the second half of 2023, it is expected that more Chinese tourists will come in BA has opened 3 direct routes from Samui – China 24-28 aircraft, forecast 4.4 million passengers
