Dusit Thani's Earnings Outlook Likely Strong on Business Turnaround -- Market Talk

0448 GMT - Dusit Thani's earnings outlook is likely strong driven by its business turnaround, UOB Kay Hian analysts say in a research report. Its Dusit Thani Bangkok hotel is ramping up ahead of expectations, with 80% occupancy in July-August versus a 74%-76% target, the analysts note. The Thai hotel chain operator has lifted its revenue-per-available-room growth target to 75%-80% on-year from 45%-50% previously. Dusit Thani Bangkok's robust 2H bookings should drive room revenue and operating leverage, while its premium positioning has boosted average daily rate to 10,000 baht in July from THB3,000-THB4,000 pre-renovation. The brokerage initiates coverage of the stock with a buy rating and a target price of 13.50 Thai baht. Shares are 0.9% lower at 10.70 baht. (ronnie.harui@wsj.com)

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September 30, 2026 00:48 ET (04:48 GMT)