Stocks in Focus on April 27, 2023: BH and BA

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on April 27, 2023.


KGI Securities has given an “Outperform” rating on Bumrungrad Hospital Public Company Limited (SET: BH) with a target price at ฿270.00/share.

BH reported a record high net profit of THB 1.58 billion (+118.4% YoY, +2.4% QoQ) for 1Q23, accounting for 29.4% of KGI’s full-year estimate of THB 5.39 billion. The 1Q23 net profit was in line with its forecast but 11.3% above the market consensus.


FSS International Investment Advisory (FSSIA) has given a “BUY” recommendation on Bangkok Airways Public Company Limited (SET: BA) with a target price at ฿18.00/share.

FSSIA stated that BA is one of its top picks for Thai tourism stocks due to its favourable risk/reward ratio and cheap valuation at 16x 2024E P/E – lower than Asia Aviation (SET: AAV) (20x), Airports of Thailand (SET: AOT) (31x) and the hotel sector’s average of 31x.

A turnaround in 1Q23 earnings should turn the market’s attention to BA, and improved earnings visibility could see it return to its peak of THB 2.1 billion in 2016, when its share price traded within a range of THB20.3-27.5.