Stocks in Focus on November 29, 2022: AOT and PR9

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on November 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 ฿80.00/share.

MST expected AOT to return to record a profit of 11.5 billion baht in 2023 from a net loss of 11.1 billion baht in 2022. The turnaround would be driven by rising international passengers, representing a strong growth for the industry. Meanwhile, international tourists this year should be over 10 million and 22 million next year.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Praram 9 Hospital Public Company Limited (SET: PR9) with a target price at ฿21.00/share.

FSS noted that PR9’s management was positive that the 2022 revenue will be higher than its forecast of Bt3.9bn (vs. FSS’ estimate of Bt40bn). The latest data showed that the revenue in October jumped by 20% Y-Y. FSS expected the 4Q22 profit to be flat or increase Q-Q. However, it would jump Y-Y, supported by the pent-up demand from Thai patients.

FSSIA anticipates the 2022-2023 profit to increase by 117% Y-Y and 5% Y-Y, respectively. PR9 trades on a 2023 PE of roughly 24x, significantly lower than BDMS’s and BH’s of 35-40x. PR9 has support at Bt16.7-16.5 and resistance at Bt18//18.5.