Asia Aviation Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of AAV?
Owner Type	Number of Shares	Ownership Percentage
State or Government	128,582,800	1%
Institutions	2,234,993,766	17.4%
General Public	2,565,755,139	20%
Individual Insiders	2,690,051,624	20.9%
Public Companies	5,230,616,671	40.7%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 80.03% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
40.7%	Capital A Berhad	5,230,616,671	฿6.7b	0%	no data
17.8%	Tassapon Bijleveld	2,280,661,686	฿2.9b	0%	no data
10.5%	Thai NVDR Co., Ltd.	1,350,439,013	฿1.7b	0%	87.2%
2.96%	Kasikorn Asset Management Co., Ltd.	380,423,043	฿486.9m	0%	0.54%
1.73%	Pitharn Ongkosit	222,253,196	฿284.5m	0%	no data
1.59%	SCB Asset Management Co., Ltd.	203,823,150	฿260.9m	12.2%	0.2%
1.41%	Tanarat Pasawongse	180,860,822	฿231.5m	0%	no data
1%	Social Security Office of Thailand	128,582,800	฿164.6m	0%	no data
0.6%	Norges Bank Investment Management	76,479,354	฿97.9m	-3.45%	no data
0.57%	Krung Thai Asset Management PCL	73,130,600	฿93.6m	0%	0.02%
0.42%	Krungsri Asset Management Company Ltd.	54,035,100	฿69.2m	0%	0.22%
0.16%	BlackRock, Inc.	20,796,925	฿26.6m	-0.85%	no data
0.16%	UOB Asset Management (Thailand) Co., Ltd.	20,082,895	฿25.7m	0%	0.23%
0.094%	Eastspring Asset Management (Thailand) Co., Ltd.	12,038,900	฿15.4m	0%	0.2%
0.081%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	10,371,100	฿13.3m	0%	no data
0.064%	Dimensional Fund Advisors LP	8,171,000	฿10.5m	0%	no data
0.048%	One Asset Management Ltd.	6,103,900	฿7.8m	-16.2%	0.11%
0.047%	Santisuk Klongchaiya	6,041,214	฿7.7m	0%	no data
0.044%	State Street Global Advisors, Inc.	5,629,763	฿7.2m	45.3%	no data
0.04%	MFC Asset Management Public Company Limited	5,194,700	฿6.6m	0%	0.06%
0.032%	Sumitomo Mitsui DS Asset Management Company, Limited	4,071,400	฿5.2m	0%	no data
0.023%	American Century Investment Management Inc	2,924,823	฿3.7m	0.07%	no data
0.0064%	Land and Houses Fund Management Company Ltd.	823,300	฿1.1m	0%	0.01%
0.0029%	Mercer Global Investments Europe Limited	375,400	฿480.3k	0%	no data
0.0018%	Phairat Pornpathananangoon	234,706	฿301.0k	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/10/04 12:57
End of Day Share Price	2025/10/03 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Asia Aviation Public Company Limited is covered by 26 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Prasit Rattanakijkamol	Asia Plus Securities Company Limited
Patrick Xu	Barclays
Somkij Oranchatchawan	BNP Paribas Securities (Asia)