INVX Morning Call 24/10/2024

Fund Flows Buy USD US Equity vs Neutral Japan GDP24 growth downgraded to 0% ( Japan Election on Sunday 27,2024 )

GS expected THB/USD 12 m at $34

Program Trading Sell AAI INTUCH EA CCET

Research : Interest cut put pressure on Banks’NIM

Neutral Bank sector pick only BBL tp Bt 180( today effective deposit and lending rate cut and BBL Analyst meeting on Friday 25 Oct 2024 at 14.00 Physical)

WHA Outperform tp Bt 6.60, Earnings 3Q24 preview Bt 727 mn(+16.8% yoy/ -44% qoq but high in 4 Q24. FDI and data centre play .

SNNP weak 3Q24 Earnings preview Bt 1380 mn,-7.1%yoy/-8.3% qoq to recover in 4Q24. Cut target price to Bt 17.60 from Bt 19.20 with lower PE from 26x to 24x

Analyst meeting : Friday 25 Oct 2024 :

14.00 BBL

19.30 TRUE