INVX 19/4/2566 : Covid to peak during mid May-June2566 +Healthcare BDMS BH

Negative BTG cut E'23 by 40% and target price to Bt 30/Neutral TISCO KTC BTS BTSGIF TRUE vs Outperform ADVANC

: Today 19/4/2566

: Analyst meeting today TISCOAM at 10.00

: XD HMPRO Bt 0.21/ STA Bt 0.28/STGT Bt 0.25/ TIDLOR stock dividend 8:1 and cash Bt 0.292 ***tomorrow Thurs. 20/4/2566 : MAJOR Bt 0.25

: Earnings 1Q’66 Results out for KKP Outperform tp Bt 81 /: TTB Neutral tp Bt 1.50

: SCB EIC Alert : จากการศึกษาของธนาคารแห่งประเทศไทยพบว่าการเพิ่มอัตราดอกเบี้ยนโยบาย 200 basis points จะส่งผลให้ราคาหุ้นลดลงประมาณร้อยละ 4 แต่จะส่งผลกระทบนานถึงประมาณ 6 ไตรมาส[3]

INVX 18/4/2566 : Stocks of the Day Prefer KTB CPALL

Bi-Weekly Portfolio Buy BBL KTB GULF CPALL AP***

BJC Outperform tp Bt 44( BRC IPO )***

Today XD KTB Bt 0.682/ KTC Bt 1.15/RS Bt stk div. 10:1 and Bt 0.0111/TCAP Bt 1.90

Tmr XD HMPRO Bt 0.21/ STA Bt 0.28/STGT Bt 0.25/ TIDLOR stock dividend 8:1 and cash Bt 0.292

: China GDP released better than mkt expectation at 4.5% > mkt exp. at 4% ***Positive to Commodities. Energy sector picks Prefer BCP GULF IVL

: SET EPS’23 at 101.07 and ’24 at 112.25. INVX targets SET Index 1600-1660 in 2Q’66

: INVX Invitation Energy sector Group conference:: ศุกร์, เมษายน 21, 2023 14:00-15:00

XD KTB KTC TCAP

Sector Winner weekly 10-12 April 2566 : Bank +2.52%, Commerce +1.31%, Energy +0.84%, Prop.+0.70%, Etron. +0.21% vs Tourism -0.39%

ETF Flows Buy Investmen Grade, Bond ,Small cap.

GS 15 April 2023 Asia-Pacific Weekly Kickstart: MXAPJ advanced 2%, led by Korea (+3%), Indonesia, and Australia (both +2%) vs China (down 0-1%) lagged***GS US economists removed their June hike Fed call, and continue to expect a hike in May to a terminal rate of 5-5.25% after softer-than-expected US inflation and dovish Fed minutes.

Healthcare, commodities and financials outperformed internet (amid SoftBank and Prosus selling speculation) and info tech.

Foreigners net bought Asian equities, mostly in China A, Korea and India.

DXY also slipped to one-year lows. China and Korea trade data and China credit data surprised to the upside in March. 1Q23 earnings season has kicked off and the majority of companies will report until late-May.

INVX Alert 12/4/2566 : Strategy Prefer BBL MAKRO SCGP vs Neutral AEONTS vs Cautious Petrochem /Today AEONTS meeting at 10.00 Sheraton Sukhumvit/ XD TTB Bt 0.053

: Monday 17 April 2566 : XD KBANK Bt 3.50 /SCB Bt 5.19

: BCP ประชุมผู้ถือหุ้น BCP วาระพิจารณาอนุมัติดีลซื้อหุ้น ESSO INVX Prefer BCP tp Bt 44 sector pick vs ESSO Neutral tp Bt 10.30

: Petrochem sector Cautious tone from high naptha cost : IVL OP tp Bt 62 vs PTTGC tp Bt 56 and GGC tp Bt 13.40

: Healthcare: เมื่อ 10 เมย 66 ที่ประชุมคณะกรรมการสำนักงานประกันสังคมเห็นชอบขึ้นค่าเหมาจ่ายรายหัวเป็น 1,808 บาท/คน/ปี (เพิ่ม 10.2% จาก 1,640 บาท/คน/ปี) เริ่ม 1 พ.ค. 66

***ส่งผลให้กำไรของ BCH เพิ่ม 4.5%-7.5% ในปี 2566-67 และ ของ CHG ที่ 3.6%-6% ในปี 2566-67 Neutral BCH (ราคาเป้าหมาย 24 บาท/หุ้น) CHG (ราคาเป้าหมาย 4 บาท/หุ้น)***Prefer BDMS

INVX 11/4/2566 : Strategy Overweight Tech and Energy with SET Index target in 2Q’66 at 1600-1660.

GS 12 m targets Thai SET Index at 1750, Overweight Semi Energy Internet for Asia Pacific. Gold $ 2050 vs Oil Brent end 2023 at $ 95

Flows Buy Tech and Consumer Finance / Energy Prefer GULF tp 63 benefit Renew.Energy Project most

SCC OP tp Bt 358. Preview 1Q'23 Expect recovery to Bt 3,700 mil. from Bt 157 mn in 4Q'22. SCC outperformed with SOTP end2023 tp Bt 385

XD JMART Bt 0.66/JMT Bt 0.59***

AEONTS ประกาศงบ Neutral tp Bt 204 and Analyst meeting tomorrow 12/4/2566 at 10.00 Sheraton Hotel Sukhumvit

XD Tomorrow 12/4/2566 TTB Bt 0.053 /US CPI

👎🏻 หุ้นที่ปรับลดลงแรง

SMK (-53.55%) ตลท.เปิดเทรดชั่วคราว 10 เม.ย. – 9 พ.ค. ก่อนขึ้น SP

PR9 (-9.57%) ถูกขายทำกำไรหลังจากช่วงก่อนหน้าปรับขึ้นมามาก

AJA (-4.53%) ปรับลงตามราคา cryptocurrency ที่ปรับลง

BANPU (-6.42%) วันนี้ขึ้น XD หุ้นละ 0.75 บาท

Energy Sector Overweight Prefer BCP tp Bt 44 / ONEE Buy tp 7.10-1 SD ***Funds Flow Buy Tech Consumer Finance Energy ****Today UK Easter Holiday/ XD BANPU Bt 0.75/ BPP Bt 0.30 ***Tomorrow JMART Bt 0.66/JMT Bt 0.53***Stocks of the Day Prefer BBL and Gulf

INVX 7/4/2566 :

Prefer MAKRO AOT BDMS vs Cut target price/ Earnings of CPF to Bt 26, 1Q'66 loss -1,200 mil./ Today XD SCC Bt 2/SIRI 382.15 mil.from W8 trade /SIRI to replace STARK in SET 100 / DELTA AGM meeting for par split approval

Monday 10/4/2566 XD BANPU Bt 0.75/ BPP Bt 0.30

Today US Good Friday Holiday

ERC announced the result of new RE power plants with total

capacity of 4,852.26MW, comprising 49% for solar farm, 20% for solar farm plus battery energy storage and 31% wind. This fell short of its plan of 5,203MW as no winner for biogas power plants (335MW).

BGRIM announced that it won 339.3MW in this round (161.26MWe), mainly for solar farm. This is equivalent to 6% of current equity MW and the power projects will gradually commence operation in 2026-2030.

GPSC won 16MW (2 solar farm projects). The company plans to re-submit projects which are not selected in this round when the next bidding is opened.

Comment: We view that the impact of this RE result on listed companies under our coverage is mixed. Though this could be a slight catalyst for share price, earnings contribution remains to be seen. The key risk is the actual timing of PPAs to be signed which could delay the startup of the projects. Our top pick for the sector remains GULF, whether or not it could win this RE projects given its strong portfolio and projects in the pipeline.

INVX 5/4/2566:SIRI to replace STARK in SET 100( 7/4/2566)/ Prefer GULF AOT /GS Buy BDMS upside from Wellness Tower+Residental/Fri. 7/4/2566 XD SCC Bt 2/SIRI 382.15 mil.from W8 trade on 7/4/66

INVX 4/4/2566 : GS upgraded BDMS to Buy tp Bt 35 but Downgrade Petrochem Materials to Underweight. Bullish Gold 3/6/12 m at 2050 and upside over 12 m at $ 2150/ Brent Oil year end’23 at $ 95/’24 at 105

: GS assumption on Thai Election if smooth, Bullish THB Currency, GDP’23 at 3.3%, Thai Tourism 28 min.tourists, Thai interest rate to final hike 25 bps on May 31,2566 to 2%. If protest, Bullish THB Bonds and no interest rate hike, downside risk on GDP and Toutism

: INVX Prefers AH BDMS/ Today XD SCGP Bt 0.35, DCC Bt 0.011

: INVX underweight Food sector news: Livestock and feed costs in March : Neutral CPF (end-23 SOTP PT of Bt 28.5), GFPT (end-23 SOTP PT of Bt 15) and BTG (end-23 SOTP PT of Bt 41).

: Today 4/4/2566 XD SCGP Bt 0.35 and DCC Bt 0.011

: วันที่ 5 เม.ย.ประกาศผลผู้ได้รับคัดเลือกให้ขายไฟฟ้าพลังงานหมุนเวียน 55200 MW Prefer GULF vs mkt trading GUNKUL

: Friday 7 April : SCC XD Bt 2.00/ DELTA AGM meeting for par split to Bt 0.1 / US Good Friday Holiday

: DELTA Cash Balance 3-21 เม.ย. 66

: SCBX 1Q’66 results ( 12.00 ) and Analyst meeting on April 21,2566

INVX 3/4/2566 : Strategy 2Q’66 SET Index target at 1660 and 2H’23 at 1700-1750

OPEC cut production 1 mil./bbld alerted GS upgraded Brent Oil '23 from $ 90 to $ 95/Research TU Neutral cut tp to Bt 16.50/ Downgrade PTTEP to Neutral /cut tp to Bt 187

INVX Invitation : Food & Restaurant sector update (Group meeting; MS Team) on Mon.3 April 2566 at 11.15-12.15 *** MS Team

Today 3/4/2566 XD THCOM Bt 0.50 / Tomorrow 4/4/2566 SCGP Bt 0.35 and DCC Bt 0.011

INVX 31/3/2566 : Wealth Weekend ETF Flows wtd to Bond Consumer Disc.

Sector Winners led by Bank +1.08%, Energy +0.73%, Tourism +0.38% vs Food -2.24%, Commerce -0.55%, Trans -0.17%

US Good Friday Holiday on Fri.7 April 2566 / XD SCC Bt 2.00

GS Asia-Pacific Weekly Kickstart: MXAPJ rose 2% further, led by Australia, Korea and China on easing of recent global banking fears and boost to sentiment following Alibaba & JD spinoff plans

GS lowers OPEC+ production 2023 forecast by 1.1mn bpd, and nudge up Brent forecast by $5 to $95/$100 for end-2023/24.

Australia (+3%), Korea and offshore China (2%) led, while Philippines (-2%), Indonesia and Taiwan (-0.5%) lagged

Metals and Energy (higher commodity/oil prices) outperformed Info Tech, Financials and Defensives