Stocks in Focus on September 29, 2022: AAV and SMPC

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


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Asia Aviation Public Company Limited (SET: AAV) with a target price at ฿3.40/share.

FSS stated that the 2H22 profit should significantly recover, in line with the continued reopening in Asia. It should increase international flights to 50% of its pre-covid level by the end of this year. FSSIA expected AAV to report an operating loss in 2022. It would be the last before the performance turns profitable in 2023.

FSS expected the profit at Bt1.2bn, in line with tourist arrivals, which should significantly recover. Also, the tourism recovery would be most outstanding. It should support the share price to outperform the market.

AAV has support at Bt2.8//2.68 and resistance at Bt3-3.06.


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 profit growth to extend in 3Q22 due to higher container availability, lower freight rates, the Baht weakness (SMPC exports 90% of its products), and high gas cylinder demand (particularly in the U.S. and Africa, which are SMPC’s key markets.) Although the U.S. faced an economic slowdown, cooking gas cylinders are a necessary product. In particular, FSS expected it to increase by 4% Q-Q and 51% Y-Y. FSS raised its 2022E profit by 8%. It now implies a growth rate of 41% Y-Y (from 30% Y-Y). However, the 2023 profit should decrease by 4% Y-Y due to the likelihood of a Baht strength.