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According to the Nation, Airports of Thailand Public Company Limited [SET:AOT] reported total passenger pass-throughs of 25.9 million at its six airports between April and June 2015 (fiscal third-quarter 2015), up 29% year-on-year. Despite the big number, AOT stock seems to be bouncing along the 200-day SMA and stuck in the low-end of the symmetrical triangle. A breakdown of the 200-day SMA could spell trouble for the stock, as AOT could drop to the near-term support at around the 270 baht a share level.
Here are some fundamentals. Airports of Thailand Public Company Limited operates two principal business segments, which are the airport business and hotel business. The company manages and develops Suvarnabhumi, Don Mueang, Chiang Mai, Hat Yai, Phuket and Mae Fah Luang Chiang Rai airports. AOT is also involved in the development of hotels near Suvarnabhumi airport. The company’s subsidiaries includes Suvarnabhumi Airport Hotel Company Limited.
On May 14, 2015, AOT reported fiscal second-quarter 2015 revenues of 11.64 billion baht, up 10.31% year-on-year, beating the 11 billion baht consensus estimate of the 2 analysts according to the Financial Times. The fiscal second-quarter 2015 earnings were 3.42 baht per share, up 32.05% year-on-year, beating the 2.97 baht per share estimate of one analyst.
AOT aeronautical revenues, generated from air-traffic movements, such as landing, parking, passenger services and aircraft services, increased by 18.9% to 7.04 billion baht in the second quarter. Non-aeronautical revenues, mainly from concession sales, which makes up about 40% of total revenues, rose by 9.31% to 4.6 billion baht in the second quarter. The total number of passengers during this period reached 54.32 million, with 31.43 million international and 22.89 million domestic.
Disclosure: No position and no recommendation. |
