Stocks in Focus on May 8, 2023: BA and TOA

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on May 8, 2023.


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

FSS expected BA’s normalized profit in 1Q23 at 466 million baht, turning around to profit for the first time since the Covid outbreak in 2020. The positive results would be due to an increase in Load Factor to 84% and an increase in average ticket price by 3% QoQ. Meanwhile, the airport business is also supported by a peak season in Samui Island.

FSS expected BA to record operating profit in every quarter this year even as 2Q23 is the low season for its operation, but profit sharing from BDMS would support the company. The business will return to its peak season again in 3Q23. FSS stated that BA could record over 1 billion baht of profit this year.


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 stated that AOT will benefit from the recovery in tourism with an accelerating Thai and foreign travellers. The company will also benefit from the termination of its discount for concessionaires and the expansion of Suvarnabhumi Phase 2 that increases its capacity for long term growth.