Stocks in Focus on December 7, 2023: BA and SABINA

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 7, 2023.


Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Bangkok Airways Public Company Limited (SET: BA) with a target price at ฿22.00/share.

FSS stated that the management projected 4 million passengers in 2023 with 1 million in the final quarter, which is considered a low season, compared to 0.98 million in 3Q23. This reflects a positive sign for BA when air tickets are also expected to remain at high prices from 9M23.

The management also expected passengers to increase slightly in 2024 as it needed to further assess the global economy. The management hoped for a short-term catalyst from declining oil prices.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Sabina Public Company Limited (SET: SABINA) with a target price at ฿32.50/share.

MST stated that the profit outlook for 2023 and 2024 is poised to set new records, propelled by robust growth in domestic product sales following the successful launch of ‘Braless’ products and a resurgence in domestic consumption. The combined gross profit margin has seen improvement due to lower production costs per unit resulting from an increased utilisation of automatic machines.

The company maintains a strong financial position with a net cash position. With an annual investment budget of less than 50 million baht, the company anticipates maintaining a dividend payout ratio of 100%. Expected dividends for 2023/24 are projected at 5% and 5.7% per year, complemented by an impressive ESG Rating of AAA.