AAV increases by 4% due to increasing Chinese tourists. The broker recommends “Buy” with a target of 2.70 baht.

Today (25 Jan 24) the stock was priced at Rs Asia Aviation Public Company Limited Or AAV At 3:25 PM, it was 2.14 baht and 0.08 baht or 3.88%, with a high of 2.16 baht, a low of 2.04 baht, and a trade value of 118.54 million baht.

Tao Securities (Thailand) Public Company Limited As the Minister of Tourism and Sports noted in his study yesterday (24 Jan 24) revealing information on the number of tourists last week (15-22 Jan 21), a total of 715,579 foreign tourists arrived, which is 3% more than the previous week, which is the highest number of foreign tourists. Calculates the average number of passengers. 100,226 people per day to Thailand, supported by Chinese tourists, who are number one with 120,381, an increase of 15% from the previous week, 2nd are Malaysian tourists, but down 10% from the previous week, and number 3. Russian tourists, down 5% from the previous week. . But Indian tourist arrivals increased by 14% from the previous week.

The analytics sector has a positive outlook on the tourism sector. Because it is high season in Thailand, the number of tourists continues to grow, as the number of Chinese tourists helps support the No. 1 position at 120,000 per week. The figure, considered the highest ever, hit a 28-week high, driven mainly by an increase in flights from China. We estimate the average number of passengers per day to be around 100,000 people/day in late January 2024, as it is still Thailand's high season.

The number of tourists is estimated to reach 33 million in 2024, a 17% increase over the same period last year. And for stocks to benefit, they are shares in the hotel group, with a “buy” recommendation on the stock. AAV The target price is 2.70 baht, benefiting from better growth in Chinese tourists. Because it has a high proportion of Chinese airlines (in 2019, Chinese travelers accounted for 30% of international travelers) and high demand for tourism, ticket prices will continue to be high.

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