INVX Morning Cal25/10/2024

Investment Theme : Nvidia investment Positive AMATA WHA***AMATA Buy tp Bt 32.30, backlog new high till Year 2568 and upgraded Earnings2025 by 5%+++Land Sales beat 2,000 raid target +(4Q24 more 500 rais) to 2,500 rais record high

Tourism sector : Negative news on tourism tax and MINT 3 Q24 extra Fx loss $ 2,400 mn( hedging $US Perp )to offset 3Q24 Core profit Bt 2,700 mn to be NP Bt 304 mn-80% yoy/qoq. MINT Outperform tp Bt 36,-1SD

Power Sector - GPSC and-BGIM from Minister of Energy reconsidered to review Renew. Bidding phase2

Fund Flows : Sell Energy Bank Commerce and Tourism

vs Buy IE and Food

Food : 3 Q24 Earnings high from wider margin and lower feed cost Prefer CPF Outperform tp Bt 29,sector pick vs Outperform BTG tp Bt 28, GFPT tp Bt 16 and TU tp Bt 18

Today 3Q24 results announcement : DELTA and TRUE

Analyst meeting 25/10/2024: BBL 14.00 / TRUE 19.30