Airports of Thailand Pcl, the world’s biggest airport operator by market value, surged the most in six years in Bangkok trading after announcing higher-than-expected concession fees for duty free shops and commercial areas at four of the Southeast Asian nation’s international airports.
The state-controlled company will receive 20% of sales, with a minimum guarantee of 15.4 billion baht ($493 million), in the first year from a concession given to King Power Group to run duty free shops at Bangkok’s Suvarnabhumi airport, according to a stock exchange filing. King Power will also pay at least 5.8 billion baht in the first year for operating commercial areas at that airport, it said.