Stocks in Focus on February 13, 2024: AOT and KBANK

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on February 13, 2024.


KGI Securities (KGI) has given an “Outperform” rating on Airports of Thailand Public Company Limited (SET: AOT) with a target price at ฿79.00/share.

AOT showed a stronger performance in 1Q24 with a net profit of Bt4.56bn (+1,231.2% YoY, +33.0% QoQ), accounting for 20% of KGI’s full-year estimate. However, the company’s 1Q24 earnings were 13.2% below the expectation and 10% below the market consensus. KGI remained optimistic about the company’s longer-term outlook.


Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Kasikornbank Public Company Limited (SET: KBANK) with a target price at ฿130.00/share.

MST stated that The Stock Exchange has released the findings of its study on Program Trading and Short Selling, signaling the potential for stricter control criteria. This development is viewed favorably for the stock market, particularly for stocks with high levels of short selling. KBANK, for instance, falls into this category, with a significant %Volume Short Sales of 17% since the beginning of the year, compared to the SET Index average of 12%. Additionally, its stock price has sharply declined by 10% versus the SET’s 1.9%, attributed to operating results recovering at a slower pace than anticipated.

Looking ahead, the next phase will involve the dividend payment for 2H23, expected to yield a dividend of 3.7%. This represents another positive factor likely to impact the stock price positively.