Stock picks Prefer AOT SCGP / ACE Neutral vs Prefer GULF GPSC ***Foreign Inflow China HK and Cyclical and consumer outperform / Today MTW IPO Bt 2.88 listing in MAI / Thai Cabinet agenda วันนี้ เราเที่ยวด้วยกัน และช้อปดีมีคืน***พรุ่งนี้ SVH trade วันสุดท้าย 7 ธค

INVX 2/12/2565 : Today 14.00 MOF on Trading Tax issue/ Flows Buy Tech Consumer Finance/ Bond yield down+Pre-Election rally+China reopen

: Flows Buy Tech( Nesdaq and short covering) Consumer ( positive from bond yield down)Finance Property ( Earnings new high)

Factors to watch :

4 ธันวาคม 2565 ***OPEC meeting

5 ธันวาคม 2565 ***Russia stop exporting Oil Shipping to Europe

6 ธันวาคม 2565 ***BTG blackout period end /Thai Cabinet agenda on Rua Tiew Duay Gunn/ Shop Dee Mee Kunn

7 ธันวาคม 2565 ***SVH last day trading / IPO UBA Utiity Business Alliance trading in MAI/ Utility sector

8 ธันวาคม 2565 ***JWD EGM for share swap with SCG Logistic/SVH Delisting

9 ธันวาคม 2565 ***IPO ITC Bt 32 (TU) SET listing

***PTT Day : Group meeting MS Team : OR / PTTEP /GPSC/TOP

15 ธันวาคม 2565***SET 50/100 new list announcement / effective on Jan.2566

15 ธันวาคม 2565 ***ECB meeting with mkt exp. Interest rate hike by 75 bps

15 ธันวาคม 2565 ***BOE meeting

14-15 ธันวาคม 2565 *** FOME meeting คาดว่า ที่ประชุมฯ จะขึ้นดอกเบี้ย 50 bps

16 ธันวาคม 2565 ***PTT Day : PTTGC IRPC PTT

15 ธันวาคม 2565 ***SET 50/100 new list announcement

19 ธันวาคม 2565 ***Effective date of FTSE Annual Global Index review

20 ธันวาคม 2565 ***BOJ meeting

2566

2 มกราคม 2566 ***SET 50/100 new list effective date

INVX 1/12/2565 : AH upgraded target price to Bt 38 from Bt 26/China Reopening and Thai Election rally Positive Energy

AH Neutral, upgraded target price to Bt 38 from Bt 26 /CRC Outperform tp Bt 50***

Fitch Ratings maintained BBB+ and stable Thailand outlook***

SEC plans to regulate Digital Asset early next year***

AH upgraded target price to Bt 38 from Bt 26***

Stock picks prefer IVL GPSC***

MSCI Play add AWC CRC and increase weighting OSP (effective on Nov.30,2565 )

INVX 30/11/2565 : IPO PRI (Primo Service Solution) Bt 15,listing in MAI, property/MSCI Effective / BOT MPC to hike 25 bps to 1.25%***AU Buy tp Bt 13 /Warning for Broker’s stock / Flows Buy PTTGC for Chona reopen and Petrochem oversold / 2Q’66 Thai Election rally and China Reopen play

INVX 29/11/2565 : IPO AURA Bt 10.90 listing in SET/Fashion***Cabinet agenda Chop dee mee kuun/Ruo tiew duay gunn/Property transfer fee extension

: Warning for Commodity( Oil Gold Crypto down from unrest China / Thai export 0% growth next year ( October Thai export -4.4%)

: 4Q’Earnings play +y/+q Prefer BBL GULF MAKRO CRC SPALI AOT

: Football World Cup Prefer CPALL CENTEL MINT

: Export negative growth with Fx THB/US$ appreciation for Year 2565 (INVX 35.50-36/EIC 36) and Year 2566(INVX 36/EIC 34.50-35.50)

: MSCI Index review effective on Wed. 30/11/2565 : Mkt trading buy AWC CRC / Small cap add ERW RAM BAM JWD NEX / Deletion PSG SYNNEX/ Reduce weighting CPALL PTT ADVANC DELTA EA AOT BDMS PTTEP SCC

INVX 28/11/2565 : Foreign Flows Prefer Value and High dividend and Prefer Taiwan vs Sell China HK

: Auto Prefer AH SAT, better export and positive growth

: MTC cut target price to Bt 45 from Bt 49 and cut Earnings’65 by 3% and ’66 by 5%

: KCE cut revenue target 2566 from 20% growth to 5%-10% growth

: 4Q’Earnings play +y/+q Prefer BBL GULF MAKRO CRC SPALI AOT

: Football World Cup Prefer CPALL CENTEL MINT

: ADVANC - ประกาศขายเงินลงทุนใน AISCB ให้กับ SCBX OUTPERFORM TP Bt225

INVX 25/11/2565 : MAKRO free float increasing to 15.05%(MSCI Criteria) from 13.54% with Seller CPHolding vs Buyer Credit Suisse AG. Outperform MAKRO tp Bt 43

: Thai Auto Export positive growth Prefer AH

: Flows to buy PTTEP GULF HANA and Tourism CENTEL ERW vs

: Selling RCL (-8.00%) ขึ้น XD หุ้นละ 2.25 บาท/ PSL (-3.40%) ขึ้น XD หุ้นละ 0.50 บาท

: SET 50 Play Potential Add DELTA RATCH COM7 CENTEL / Potential Delete BLA KCE SAWAD IRPC ***Calculation till Nov.end and announcement mid Dec.2565

: SAWAD Neutral tp Bt 48 from lower NIM, higher provision and potential SET50 deletion

: Prefer GPSC( FT, EV Battery play), BBL( best asset quality and interest rate hike benefit) with positive 4Q’65 Earnings

Factors to watch

Tuesday 29 Nov.2565 : IPO AURA( Gold Aurora company) Bt 10.90, start trading in SET

: Thai Cabinet meeting +Chop dee mee kuun/ Thai Ruo tiew duay Gunn phase 5***positive Tourism Prefer MINT ERW CENTEL AWC /Commerce CPALL CRC MAKRO

: Property agenda to extend Property transfer fee +++Prefer AP LH SPALI

Wed. 30 Nov.2565 : MSCI Effective date : Small cap. add BAM ERW RAM JWD NEX

: Thai MPC Meeting to hike 25 bps interest rate to 1.25%

INVX 24/11/2565 : Overweight Commerce Prefer CRC CPALL MAKRO, better SSSg in 4Q’65-1q’66 and Gov. stimulus package / Football World Cup/ Pre-election rally/Better Tourism

: GS upgraded Petrochem to Overweight with Brent Oil assumption at $ 100 (4Q’2022) and $ 110 (1Q’2023)

: Stocks of the day Prefer CPALL GPSC, positive earnings and attractive valuation

: SET 50 Play : Potential Add DELTA COM7 RATCH CENTEL

: Flows to buy Energy with rising Oil and potential earlier China reopening +PTTEP ESSO TOP BCP SPRC

: IIG neutral to negative feedback from meeting

: XD Today GUNKUL Bt 0.06 / PRM Bt 0.09/PSL Bt 0.50/RCL Bt 2.25

INVX 23/11/2565 : 1Q'66 Strategy Prefer AOT MINT BBL CPALL BCP/ Upgrade GPSC to Outperform tp Bt 84/Buy HTC tp Bt 36/Petro Prefer IVL

: Bi-weekly strategy Top picks Buy MAKRO CRC MINT SCGP CENTEL

: Tourism Play Love MINT ERW

: Football World Cup Like CPALL CENTEL MINT

: Investment Theme : Tourism /Commerce /THB Appreciation

INVX 23/11/2565 : 1Q'66 Strategy Prefer AOT MINT BBL CPALL BCP/ Upgrade GPSC to Outperform tp Bt 84/Buy HTC tp Bt 36/Petro Prefer IVL

: Bi-weekly strategy Top picks Buy MAKRO CRC MINT SCGP CENTEL

: Tourism Play Love MINT ERW

: Football World Cup Like CPALL CENTEL MINT: Investment Theme : Tourism /Commerce /THB Appreciation