INVX 28/5/2024 : INVX 28/5/2567 : Energy GRM play Prefer BCP TOP/ Stocks of the Day Prefer MINT BCP/ TQM Neutral weak 2Q seasonal/Today AH meeting 14.00/Event Tourism sector Group/MS Team at 15.30

: Fund Flows Buy Telecom TRUE and Energy Power GPSC BGRIM and GRM Play Prefer BCP TOP / Stocks of the Day Prefer BCP MINT

: Sector weighting : Overweight Food Prefer CPF vs Neutral Tourism Prefer MINT vs Neutral Commerce Prefer CPALL GLOBAL

: BCH meeting : Neutral tone : Maintain Outperform tp Bt 25, base on DCF,soft 1Q’24 revenue but better trend in 2H24. Cancer treatment centre ( 51% stake) opening plan in 3Q’24. Valuation attractive at 27x PE (-1SD)

: TQM Neutral tp Bt 29, seasonal qoq fall in fee&service income in 2Q24/Potential 23 M&A deals / Listing TRUE Life Broker(Thailand biggest group life insurance broker next year

: AH analyst meeting today 14.00-15.00 MS