Stocks in Focus on March 29, 2022: AOT and IVL

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on March 29, 2022.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Airports of Thailand Public Company Limited (SET: AOT) with a target price at ฿73.00/share.

MST stated that AOT will benefit from border reopening and forecast international tourist numbers to recover from 400,000 last year to 9 million this year. As a result, AOT will register a lesser loss of THB3.582 billion in 2022 vs a loss of THB15.319 billion in 2021. Earnings should fully recover in 2024 to hit THB27.5 billion, close to that of 2019. 


KGI Securities has given an “Outperform” rating on Indorama Ventures Public Company Limited (SET: IVL) with a target price at ฿68.00/share.

KGI Securities expected 1Q22 performance to grow QoQ from the selling price adjustment to reflect the costs. Meanwhile, PET and PTA spread remains high, and the deal for Oxiteno is expected to complete by mid year to support its 2Q22 results. 

KGI Securities gave a support level at THB45.25 and a resistance level at THB46-47 per share, and the next resistance level is THB49 with a stop loss at THB44.50 per share.