Stocks in Focus on August 22, 2023: AEONTS and BCPG

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


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Aeon Thana Sinsap (Thailand) Public Company Limited (SET: AEONTS) with a target price at THB210.00/share.

MST stated that it expected a recovery in the profit trend during 2Q24. Although there might be a slight increase in the NPL ratio due to loans offered during the Covid-19 period, it anticipated a gradual decrease in this trend. New government’s measures aimed at stimulating consumption to boost the income are likely to effectively control this rise. Additionally, the stock price is currently priced in notably negative factors.


KGI Securities (KGI) has given an “Outperform” rating on BCPG Public Company Limited (SET: BCPG) with a target price at THB12.00/share.

KGI maintained its outperform call, but raised target price to 2024 at Bt12.00. BCPG’s share price has rallied aligning with the upgrade earlier, yet not all of the positives have been digested in the price. KGI believed higher investor confidence would continue to fuel the momentum. While concerns on adder and geothermal gaps have been wiped out, its earnings should bottom in 2023F before stepping into an uptrend. Investors are likely to respond positively to 2023’s aggressive acquisition and may expect further deals.