INVX Morning Call 29/10/2024

Program Trading :

Buy PTTGC non core asset divestment vs Sell TOP CFP expenses risk

Buy CCET SET100 addition vs Sell DELTA 2025 US tariff / tax risk

Buy BTS ,successful capital raising: Trading buy vs Prefer BEM

Research : Stocks of the Day Prefer BBL ( THAI Earnings recovery and relisted play and better NIM and Dividend payout from 34% to 40%) and TASCO better 3Q24 Earnings both yoy/qoq and Budget spending play

US Tariff/ Tax risk in 2025: DELTA and TU

Tourism sector pick : AWC and MINT vs ERW weak 3 Q24 Earnings preview , Neutral tp Bt 4.60

Thai Export assumption : 2024 growth at 2% vs 4Q24 growth -4% , negative on Oil, Car and Jewelry