INVX Strategy 3/3/2566 : Stocks of the day Prefer HMPRO GULF
TRUE new company valuation at Bt 8.51, implied target price Bt 9.50 Neutral
Research : Neutral TRUE tp Bt 9.50/Neutral BGRIM tp Bt 42 vs Prefer GULF/ Outperform BDMS HMPRO LH AP
Property sector : Growth softening in 2023, likely oversupply and Eg'22 peak +30% vs Eg'23+4%. Sector picks Prefer AP tp Bt 14 and LH tp Bt 11.40