INVX 25/11/2565 : MAKRO free float increasing to 15.05%(MSCI Criteria) from 13.54% with Seller CPHolding vs Buyer Credit Suisse AG. Outperform MAKRO tp Bt 43

: Thai Auto Export positive growth Prefer AH

: Flows to buy PTTEP GULF HANA and Tourism CENTEL ERW vs

: Selling RCL (-8.00%) ขึ้น XD หุ้นละ 2.25 บาท/ PSL (-3.40%) ขึ้น XD หุ้นละ 0.50 บาท

: SET 50 Play Potential Add DELTA RATCH COM7 CENTEL / Potential Delete BLA KCE SAWAD IRPC ***Calculation till Nov.end and announcement mid Dec.2565

: SAWAD Neutral tp Bt 48 from lower NIM, higher provision and potential SET50 deletion

: Prefer GPSC( FT, EV Battery play), BBL( best asset quality and interest rate hike benefit) with positive 4Q’65 Earnings

Factors to watch

Tuesday 29 Nov.2565 : IPO AURA( Gold Aurora company) Bt 10.90, start trading in SET

: Thai Cabinet meeting +Chop dee mee kuun/ Thai Ruo tiew duay Gunn phase 5***positive Tourism Prefer MINT ERW CENTEL AWC /Commerce CPALL CRC MAKRO

: Property agenda to extend Property transfer fee +++Prefer AP LH SPALI

Wed. 30 Nov.2565 : MSCI Effective date : Small cap. add BAM ERW RAM JWD NEX

: Thai MPC Meeting to hike 25 bps interest rate to 1.25%