Stocks in Focus on December 27, 2022: AOT and AAV

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 27, 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’s to perform outstandingly in 2023 following an increase in tourist arrivals, especially Chinese tourists that came back earlier-than-expected due to the scrap of Covid policy in China. The company will record more income from concessionaires as time progresses after giving them discounts during pandemic.


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

FSS expected losses from core business in 4Q22 to decrease and performance should continue to recover following an increase in passengers to 75-80% of pre-covid level. The company could turn to see profit from realizing FX gains.

FSS estimated AAV to turnaround to see profit at 1.3 billion baht in 2023 with a positive catalyst from China lifting quarantine for inbound travellers starting from January 8 and continuing to ease restrictions for outbound travellers.