Airports of Thailand Faces Earnings Hit From Potential Closure of King Power's Operations -- Market Talk

Dow Jones

Jun 17, 2025

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)

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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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 16, 2025 23:24 ET (03:24 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Airports of Thailand Faces Earnings Hit From Potential Closure of King Power's Operations -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAirports of Thailand Faces Earnings Hit From Potential Closure of King Power's Operations -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-06-17 11:24</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 16, 2025 23:24 ET (03:24 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PW","symbol_name":"Power REIT","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2544936260","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2544936260","pubTimestamp":1750130640,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PW":"Power REIT","AIPUY":"Airports of Thailand Public Co., Ltd."},"translate_title":"泰国机场因King Power业务可能关闭而面临盈利打击——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PW":1,"AIPUY":0.9},"content_text":"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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 16, 2025 23:24 ET (03:24 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}