INVX 11/1/2567 : Today company visit 10.00 CPAXT Open house Zoom meeting / Stocks of the day Prefer GPSC HMPRO/ Research Better Switch from KTC Underperform tp Bt 44 to Buy MTC TIDLOR ( TIDLOR not in SET50)

: Flows to Buy Healthcare BH BDMS ( medical tourism) and Utilities Power Gulf GPSC BGRIM EA vs Sell Bank ( asset quality risk ITD and GS downgraded BBL/ Sell BBL KBANK SCB)

SCB EIC Economic Outlook Q42023 TH/Eng.***Thai GDP'2024 at 3% / Int. 2.5%/ Fx THB/US$ yr end '2567 at 32-33/Tourists 36.2 mil./Export'24 +3.7% /El Nino impact GDP -0.34%/ CPI +0.42%

GS expected equities remain bumpy in 1H24; Utilities/Healthcare historically outperform ahead of Fed first cuts; Look for a peak momentum of Semiconductors (likely around Fed cut); Look for an inflection of Chemicals/Food; Trimming Banks and Telecom; KTC – 4Q23 Preview