: BCP to buy ESSO ( mkt talked : indicative price Bt 8.84,waiting for EGM approval )/Downgrade AEONT to Neutral and Prefer BDMS Outperform tp Bt 34

GS GOAL Kickstart : Lower gas prices and China re-opening support European assets***Significant positive for European. Upgraded STOXX 600 target to 420/440/465 (3/6/12 m)

: With the dollar likely peaking, European assets might also become more interesting for US based investors.

: In the Euro Area, headline flash HICP inflation came in below expectations mainly driven by lower energy costs

GS Strategy Espresso: Europe: Key charts to watch for 2023++

+Positive Europe and EPS growth '23 from -8% to +5%

Raised STOXX target to 465 over 12 m

Prefer Value Cyclicals Bank Energy