INVX 26/5/2566 : China Covid risk (lockdown and tourism regulation ) to impact Petrochem and Global demand: Flows -SCC PTTGC IVL PTT and SCGP ( mkt concerned on high inventory and slower demand recovery):

: DOHOME 181,664,087 shs. stock dividend starts trading in SET

: XD IVL Bt 0.25 / Analyst meeting today 26 May 14.00 RATCH and HTC all day 26-27 May at Suratthani

: GS Neutral LH with lower target price to Bt 10.51 from Bt 10.75 from lower Earnings ,presales and margin assumption

GS LH revised 2023E/2024E/2025E EPS estimates by -6.3%/-6.4%/-6.7% on lower pre-sales and margin assumptions. Our target NAV discount of 20% remains unchanged.

: PTTOR initiate coverage with Outperform tp Bt 27, ytd share price dropped by 11% and EBITDA margin recovery from higher marketing margin and better cost management. NP'23 Bt 13.6 bn base on conservative gross profit of Bt 1/litre vs Bt 0.98 in 2022 and Bt 0.97 on 5 year average