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The Don Mueang Tollway Public Company Limited (DMT) is forecasting a strong performance this year as tourism surges, particularly during the high season in the fourth quarter. The company's optimistic outlook is fuelled by the relocation of Thai AirAsia X flights back to Don Mueang Airport from October 1, aligning with government plans to position Thailand as a regional aviation hub. This strategic move is anticipated to significantly boost traffic on the tollway, contributing to revenue growth.

 

Managing Director Sakda Phanwai highlighted a positive trend in the company's Q3 results, citing increased traffic volumes on the tollway. This uptick is largely due to governmental tourism stimulus efforts, which have successfully attracted a higher number of tourists compared to previous years. With international airlines resuming operations at Terminal 1 of Don Mueang Airport, an essential travel junction within Thailand, the tollway has seen heightened usage.

 

Anticipation for Q4 remains high as AirAsia's relocation is expected to further facilitate this growth. Sakda confidently projected an average daily traffic volume of at least 116,000 vehicles in 2024, up from 106,907 vehicles in 2023.

In addition to immediate gains, DMT is pursuing long-term growth strategies, including bids for major infrastructure projects like the M82 and M5 motorways, set for bidding in late 2024 and 2025. The company is also focusing on ESG initiatives, integrating renewable energy efforts and sustainable practices to not only benefit the environment but also to enhance profitability. Energy-saving equipment, alongside eco-friendly materials for maintenance, are part of DMT’s ongoing efficiency improvements.

 

For the first half of 2024, DMT reported a net profit increase to 505.69 million baht, partly due to rising traffic volumes. In line with this growth, the company has dispensed an interim dividend of 0.42 baht per share. With such strategic moves and government alignment, DMT is poised for continued success amidst the tourism boom.

 

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Source: The Thaiger

-- 2024-10-16