INVX 27/2/2566 : Warnings ONEE downside risk vs Prefer ZEN/ Underperform AAV vs Outperform IVL vs Neutral SPRC cut tp to Bt 12.50

: CHG Neutral tp Bt 4, weak Earnings ’23 by 50% yoy. Every 1% SSC increase, Earnings will be increased by 1.2% vs Prefer BDMS