Stocks in the news (aot, aav, ichi) 23.02.26
Airports of Thailand Public Company Limited is the leading airport operator in Thailand, managing six major international airports including Suvarnabhumi and Don Mueang. The company generates revenue through aeronautical services such as landing and parking fees, as well as non-aeronautical businesses including retail concessions, space rentals, and service revenues.
AOT will raise the int’l passenger service charge to Bt1,120 per outbound traveler, from the current Bt730, effective June 20, at all six airports under its management, while domestic passenger service charges will remain unchanged at Bt130.
Comment: Here’s the political play…BJT wanted their fingers in AOT. they got it. They can push up PSC’s, now where’s the next SKY?
Asia Aviation Public Company Limited is a holding company that invests exclusively in Thai AirAsia, the country’s leading low-cost carrier. The company operates a vast network of domestic and international flights, focusing on high operational efficiency and cost-effective air travel to capture the growing tourism and regional connectivity demand in Southeast Asia.
AAV
The airliner’s newly appointed CEO indicates a recovery in the aviation industry, with a clear influx of Chinese tourists during the Lunar New Year. The company will continue collaboration with TAT to leverage the Lisa (Lisa Blackpink) phenomenon and boost domestic tourism. Looking ahead to 2026, the airliner projects slight revenue growth due to the arrival of 4-5 new aircraft by the end of the year.
Comment: Mainlanders are coming home, they’re coming home, mainlanders are coming home.
Ichitan Group Public Company Limited is a prominent Thai beverage manufacturer specializing in ready-to-drink green tea, herbal drinks, and functional beverages. The company operates under the Ichitan and Yen Yen brands, utilizing advanced production technology to serve both the domestic Thai market and expanding international markets through direct sales and OEM partnerships.
ICHI
The mgmt indicates that the El Niño this summer is causing warmer weather, positively impacting consumption of all types of beverages. And also reveal strong sales performance in the first two months, driven by economic inflows following the election and the bustling Chinese New Year period. The return of tourists is also attributed to this positive trend.
Comment: I just don’t see this industry growing at any significant figures any time soon. Everything is around margins.
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