Stocks in Focus on February 22, 2023: ERW and PTG

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on February 22, 2023.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Erawan Group Public Company Limited (SET: ERW) with a target price at ฿5.00/share.

MST stated that ERW’s 4Q22 net profit grew outstandingly and better-than-expected from the recovery of revenue from hotel during peak season with an occupancy rate hitting 80%. Meanwhile, the company was able to manage costs efficiently, which buoyed its EBITDA and net margin to 34% and 13.4%, respectively, and also higher than pre-covid level.


Krungsri Securities (KSS) has given a “BUY” recommendation on PTG Energy Public Company Limited (SET: PTG) with a target price at ฿16.00/share

KSS noted that PTG has bottomed out as sales volume increased from more economic activities in Thailand, following the recovery from the reopening. Meanwhile, marketing margin also increased after the government lifted earlier limitation on marketing margin of diesel, bringing it back from THB 1.40 to THB 2.00 per liter.