INVX 2/3/2566 : Downgrade BTG to Neutral / cut tp to Bt 41( from Bt 48)/ Raise tp BJC OP to Bt 44 /SAWAD UP tp Bt 53***

: Today SET50 add SAWAD TRUE/SET 100 add SJWD TRUE ***TRUE new company valuation at Bt 8.50, implied target price Bt 9.50

: Analyst meeting today 2/3/2566 : 10.00 BDMS HMPRO/14.00 BCPG /15.00 CENTEL/ 15.30 BCP

: Flows Buy Tech DELTA HANA / BDI play PSL/ Auto AH and Rotate out from Power to Oil stocks / Negative 4Q’65 Earnings for EGCO RATCH