Stocks in Focus on September 28, 2022: AOT and NSL

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 28, 2022.

 

Asia Plus Securities (ASP) has given a “BUY” recommendation on Airports of Thailand Public Company Limited (SET: AOT) with a target price at ฿80.00/share.

ASP expected operations in 4Q22FY (Jul-Sep) to improve QoQ and YoY, boosted by the recovery in tourist arrivals after the cancellation of Thailand Pass from July 1st onward. ASP expected tourist arrivals in 2023 to reach 20 million, compared to an estimate of 10 million for 2022, which could push AOT to return to profit.

 

Finansia Syrus Securities (FSS) has given a “BUY” recommendation on NSL Foods Public Company Limited (SET: NSL) with a target price at ฿26.00/share.

FSS expected the 3Q22 profit to increase (+4% Q-Q, +249% Y-Y) to a new high. It would break its seasonality due to its recovery in hot sandwiches, bakery, and food services, while raw material prices should be flat. Also, it would accelerate in 4Q22 due to its high season. NSL plans to introduce new ready-to-eat products, including Thai food, plant-based food, retort products, and rice bars (Rice bar by NSL). It will market them in October at 7-11 and in pop-up stores.

FSS projected the profit to jump by 67% Y-Y in 2022 and 13% Y-Y in 2023.

NSL has support at Bt21.2-21 and resistance at Bt22//22.5