0324 GMT - Airports of Thailand faces an earnings hit from the potential closure of King Power Duty Free's operations, Nomura analysts say in a research report. King Power has formally requested the airport operator terminate its duty-free contracts at three regional airports, citing unsustainable business conditions. AOT is establishing a committee to thoroughly evaluate the termination request, which will assess advantages and disadvantages of contract termination, negotiate potential impact terms, and verify penalties stipulated in the contract. Nomura cuts its FY 2025 and FY 2026 revenue estimates for AOT by 2.5% and 3.0%, respectively. It downgrades the stock's rating to neutral from buy and lowers its target price to THB29.40 from THB44.00. Shares are 2.75% higher at THB28.00. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 16, 2025 23:24 ET (03:24 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。