Three brokers recommend buying BA, citing Samui high season, with top target of 25 baht

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Three brokers maintained buy recommendations on Bangkok Airways after an analyst meeting, expecting third-quarter 2026 profit to recover from the previous quarter, supported by the Samui high season, higher passenger numbers, and lower jet fuel prices. Pi Securities set a new fair value of 22.40 baht per share and trimmed its 2026 net profit forecast slightly to 3.14 billion baht, down 12 percent from the previous year. Yuanta Securities kept its end-2027 target price at 22.50 baht per share and expects 2026 normalised profit of 3.69 billion baht, down about 3 percent from the previous year. Krungsri Securities expects Bangkok Airways' third-quarter 2026 normalised profit at about 1 billion baht, up 5 percent from the same period last year, with long-term positives from a possible increase in Samui airport passenger service charges and the U-Tapao airport development project.

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