Bangkok Aviation Fuel Services (BAFS) anticipates a robust expansion in 2024, driven by a surge in air travel and jet fuel consumption. The company, which provides refueling services at Thailand’s major airports, is poised to benefit significantly from the rebounding aviation industry.
China’s aviation industry has experienced a remarkable rebound, exceeding pre-pandemic jet fuel consumption levels in the first quarter of 2024. However, this surge appears to be driven by pent-up demand and may not be sustainable. While China leads in vehicle electrification, its aviation fuel efficiency lags behind the US and Europe. Experts believe the second and third quarters of 2024 will offer a more reliable indication of China’s underlying economic health.
Tony Genua, a seasoned portfolio manager with over four decades of experience, shares his insights on the US market and highlights his bullish stance. Emphasizing the role of innovation and macroeconomic shifts in shaping market leadership, Genua highlights the importance of identifying companies with strong R&D and the ability to adapt to changing economic conditions. He also discusses the potential impact of the US election, rising earnings, and the influx of funds from money market investments. Genua provides specific examples of companies he favors, including Nvidia for its dominance in AI chipsets, Amazon for its cloud computing prowess, Eli Lilly for its obesity drug and drug pipeline, and Cheniere Energy and Marathon for their contributions to cleaner fossil fuels and air travel, respectively.
