Stocks in Focus on June 12, 2023: BA and BCH

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on June 12, 2023.


Land and Houses Securities (LHS) has given a “BUY” recommendation on Bangkok Airways Public Company Limited (SET: BA) with a target price at ฿16.90/share.

LHS stated that BA’s bottom line in 1Q23 turned to positive for the second consecutive quarters, following the recovery in tourism that should continue to grow for the rest of the year. The management estimated 4.4 million passengers in 2023, accounting to 75% of pre-Covid level.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Bangkok Chain Hospital Public Company Limited (SET: BCH) with a target price at ฿22.00/share.

MST expected BCH’s profit to accelerate in the second half of this year, boosted by a flat payment for social securities starting from May. Meanwhile, revenue from Covid-19 should return to higher than previously anticipated due to an increase in Covid patients in 2Q23. Load factor should be around 73-74% and target ticket fee should be around 3,400-3,500 baht, which is higher than pre-Covid level of around 6%. Chinese travellers should return in 2H23 to boost BA’s revenue.