INVX 28/4/2566: STARK AGM meeting/ DELTA par split to Bt 0.10 with 100 shs board lot / XD CHG Bt 0.075/NRF Bt 0.03/PCSGH Bt 0.20****PTTEP analyst meeting 10.30

: DELTA par split today tp Bt 66.60/ PTTEP cut E'23 by 5% and target price to Bt 185/Tourism Prefer ERW sector picks/Flows selling Food Tech.

: Healthcare sector Overweight Prefer BDMS vs Neutral BH tp Bt 200, Earnings'23 growth 8% and 2Q'23 Earnings outlook to +yoy but drop qoq on seasonality

: Negative view on Tech Energy Food Agri vs Overweight Healthcare Commerce

: May2566 : US Fed on May 2-3 to last hike 25 bps /US CPI on Wed. 10 May/MSCI announcement on Fri. 12 May 2566 : mkt exp. to add MAKRO / GS Thai Corp. Day on Mon. 29 Apr./ MSCI effective date and BOT MPC to hike 25 bps. on Wed. 31 May 2566

: SET Index target to lock trading at 1600 in 2Q’66 and 1650 in 3Q’66. Tech and Energy to pull index down with mkt downgrade SET EPS/ Thai GDP and SET Index 2566