Kasikorn Securities has issued an analyst report on Asia Aviation Public Company Limited, or AAV, noting that management stated related-party receivables will be settled by year-end and that AAV's liquidity remains safe amid higher oil prices, while adjustments to flights and fares to optimize operations continue to generate profits. The research team cut its normal profit forecasts for 2026, 2027, and 2028 by 91%, 61%, and 9% respectively due to higher jet fuel prices, and lowered its mid-2027 target price by 19.4% to 0.87 baht, based on a price-to-book value of 1 times, while recommending "Hold," noting the stock still does not look expensive, trading at 7.4% above the research team's fair value, based on a jet fuel price assumption of 145 dollars per barrel in 2027.
Asia Aviation Public Company LimitedKasikorn Securities cut AAV's 2026-2028 profit forecasts and lowered its target price to 0.87 baht with a Hold rating.
