Stocks in Focus on January 3, 2023: AAV and AH

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on January 3, 2023.


LH Securities (LHS) has given a “BUY” recommendation on Asia Aviation Public Company Limited (SET: AAV) with a target price at ฿2.80/share.

LHS stated that the Chinese market is second in revenue proportion for AAV at 38% behind domestic operations. Flight to China as of December 2023 was still lower by nearly half of the amount in pre-Covid period.

The company planned to expand its fleet. Meanwhile, the waiver of visa requirements between Thailand and China should boost Chinese travellers from 3.5 million in 2023 to 8 million this year. Also, there is a high probability that Thai tourists will travel more to China as well. This will help AAV’s performance recover faster-than-expected.


Liberator Securities (LIB) has given a “BUY” recommendation on Aapico Hitech Public Company Limited (SET: AH) with a target price at ฿35.00/share.

LIB expected focus in 2024 to remain at key clients, which are Japan and US with a boost from the expansion of customers in the EV field from the production in Portugal, China and Thai.

The current share price is trading at only 5x PE, while LIB expected AH to offer a dividend yield of around 5.8%, which is an attractive level that should accumulate.