Stocks in Focus on November 2, 2022: AAV and EKH

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on November 2, 2022.


Finansia Syrus Securities (FSS) has given a “BUY” on Asia Aviation Public Company Limited (SET: AAV) with a target price at TP at ฿3.70/share.

FSS expected 3Q22 core loss to narrow to Bt1.9bn from Bt2.4bn in 2Q22 due to the recovery of passengers to 52% of pre-covid level. Moreover, core loss is expected to significantly reduce in 4Q22 amid the high season. AAV also has started to collect fuel surcharges of 20-30% of the average domestic ticket fare. FSS forecast that AAV will turn profitable in 2023, thus raising 2023 core profit 4% to Bt1.3bn and revise up TP to Bt3.70.


Krungsri Securities (KSS) has given a “BUY” recommendation on Ekachai Medical Care Public Company Limited (SET: EKH) with a target price at ฿9.20/share.

KSS stated that EKH will benefit from the reopening of Thailand and China. Meanwhile, revenue from non-Covid and in vitro fertilization (IVF) from Chinese patients should reach pre-Covid levels. Net profit should grow in 2023-24.