INVX 22/4/2567: GS Downgraded Thailand to Underweight / INVX Downgraded BAY to Neutral / Cut target price to Bt 29(from Bt 35) vs PTTEP Outperform,raised target pricevto Bt 204,base on Brent oil at $85/ GFPT High Conviction list, outperform Bt 15.50,1Q24 Earnings preview Bt 400 mn+69% yoy vs BTG 1Q24 Earnings preview core loss Bt 125 mn( the fourth quarter loss),cut E24 by 10% (BTG outperform tp Bt 27 with better 2Q24)***INVX Econ. expected BOT and BOJ no interest rate change in 2024/FED to cut 2 times in Nov. and Dec.24/Thai GDP24 at 2.5% with upside on Digital Wallet.