INVX 19/1/2567 : GS Overweight Thailand SET Index target 12 m 1580; Prefer BDMS WHA CPALL MINT TBEV vs Neutral CPN LH

: INVX Cut target price of BAY Outperform to Bt 35 and BBL to Bt 190 ***Banking sector negative view on 2567 lower loan growth and weaker Earnings growth than 2566

: Stocks of the day : Prefer TOP and HANA

: BTS downside risk on investment loss ( impairment loss from VGI-KEX and RABBIT-SINGER) and weak traffic volume from 75% stake in Pink and Yellow lines***BTS Neutral tp Bt 6.70(not include Green extension line)/Bt 11.20(included)

: Company Visit today 19/1/2567 : 10.00 KBANK/ 14.00 TTB/16.00 SCB Microsoft Teams Link