Elevator Pitch
Thailand-listed airport operator Airports of Thailand Public Co., Ltd. (OTCPK:AIPUY) (OTCPK:AIPUF) [AOT:TB] or AOT currently trades at 37.8 times consensus forward FY2020 (YE September) P/E which is at a premium to its historical five-year average forward P/E of approximately 31 times. The stock also offers a consensus forward FY2020 dividend yield of 1.5%.
This is an update of my initiation article published on AOT on January 17, 2017. AOT's share price has increased by +89% (excluding dividends) from Bt39.30 as of January 13, 2017 (par value of the company's