INVX Morning Call 30/9/2567

***Banking sector : 3 Q24 Earnings preview + KKP 3 Q24 Earnings +30% QoQ lower credit cost and larger equity investment gain vs - KBANK weak 3Q24 from less financial instrument gain and higher opex. Sector picks Prefer BBL KTB Outperform vs Neutral KBANK BAY KKP TCAP TISCO TTB

***Property sector : Interest rate cut benefit / Earnings and Presales positive in 4Q24 and 2025 with Top picks are AP tp Bt 12.90 and SIRI upgrade to Outperform tp Bt 2.19

***Stocks of the day Prefer CPALL and GULF

*** GS Asia Pacific Weekly Kickstart : Flows Buy China +17% and North Asia with sector Buy Consumer vs Sell Bank

*** Program Trading Buy BA AAV / STGT/ ERW/ BYD

*** Factors to watch

1 Oct. Vayupak Fund starts buying

1-7 Oct 2567 China long holiday Golden Week

3-11 Oct 2567 Vegetarian Festival

3Oct 2567 Gulf 1.00519 for INTUCH 1.07380 EGM meeting voting

4 Oct 2567 IPO OKJ Bt 6.70/ Food/ SET