Stocks in Focus on November 25, 2022: PTT and AH

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on November 22, 2022.


KGI Securities (KGI) has given an “Outperform” rating on PTT Public Company Limited (SET: PTT) with a target price at ฿46.00/share.

KGI maintained a rating of Outperform on PTT with an unchanged 2023 target price of Bt46.00,  based on SoTP methodology. KGI had a positive view on the company as its investments into Future Energy and Beyond businesses are flourishing, especially the 37% stake in Lotus Pharmaceutical in the short:term.

KGI stated that it expected PTT’s 4Q22F earnings to rise significantly QoQ thanks to materially lower stock loss and higher refinery margin from its listed refinery and petrochemical subsidiaries.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on AAPICO Hitech Public Company Limited (SET: AH) with a target price at ฿42.00/share.

The 4Q22 profit should remain healthy. AH expects continued revenue growth and another new high from 3Q22 due to higher auto part sales and increased car sales from the showroom in Malaysia. The margin should improve due to steady steel prices and selling price hikes. For 2023, AH targets revenue to grow by 10-15% and the gross margin to be flat from 2022, supported by new orders from Vinfast, increased purchase orders from Ford, and growth in line with Thailand’s auto production. FSS raised its 2022-2023E profit growth to +89% Y-Y and +11% Y-Y.