Stocks in Focus on May 15, 2023: AOT and OR

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on May 15, 2023.


KGI Securities (KGI) has given an “Outperform” rating on Airports of Thailand Public Company Limited (SET: AOT) with a target price at ฿86.00/share.

As anticipated, AOT showed a stronger earnings performance in 2Q23(January-March 2023) with a net profit of Bt1.86bn (improving considerably from a net loss of Bt3.28bn in 2Q22, +442.6% QoQ). KGI noted that it still expects the company’s earnings to show a strong recovery in FY23F. The situation has been continuously improving in all business segments. 


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on PTT Oil and Retail Business Public Company Limited (SET: OR) with a target price at ฿30.00/share.

MST stated that the oil company reported a net profit in 1Q23 of 3 billion baht, turning around from a net loss in the previous quarter and also beat the market expectations. The broker expected domestic oil sales, especially jet fuel, will increase outstandingly. Average gross profit margin is expected to outperform. The recovery in economic activities will support its oil sales continuously.