*** INVX 22/11/2565 :Today IPO KSL Bt 13.50 listing in MAI/Meeting 9.30 AOT /1Q'2566 Top picks Prefer AOT BBL CPALL MINT BCP/ Buy AOT GULF

INVX 21/11/2565 : Prefer MAKRO SCGP, positive 4Q'65 Earnings/Football World Cup Play Prefer CPALL CENTEL MINT/ Flows Buy Tech Commerce/Chop Dee Mee Kuun+Property tax extention agenda for cabinet meeting on Wed. 30,2565 ( Prefer AP LH SPALI)

: Chop Dee Mee Kuun to reduce tax by 30,000 baht +10,000 baht for electronic items ( Gov. will subsidize by 8.2 bil.baht to boost Thai GDP by 0.1%-0.2%) effective on 1Jan.-15 Feb.2566

: FTSE Index review ( effective on Dec.16.2565) : Mid cap.Add +TLI/no delete / Micro cap.Add +Plus/no delete ***Unchange for Large cap./small cap.

INVX 18/11/2565 : GS downgraded Thailand to Underweight ---SET Index 12 m to 1660(from 1750)/THB/USD 3/6/12 m at 37/36/35***hike interest rate +125 bps in 2023/BTS cut tp to Bt 12.50

INVX 17 Nov.2565 : Stocks of the day Prefer ZEN and Gulf for 4Q’65 Earnings positive momentum

: Downgrade TIDLOR to Neutral, cut target price to Bt 30 from Bt 32.

: Flows Buy small cap. Food and Hospital vs Sell big cap.

: SET50 play to add CENTEL (DELTA RATCH COM7) and potential remove BLA IRPC KCE SAWAD(Calculation till Nov.end)

: Analyst meeting 10.00 MINT ZEN BH OR/ 10.30 BA EPG / 13.30 BEC /14.00 IRPC BTS BTSGIF/15.00 TQM

INVX 16/11/2565 :Today IPO POLY Bt 6.80 listing in SET/Auto / Investment Theme Prefer EV, Tourism, THB Appreciation/ Upgrade ERW OP tp Bt 5

Foreign flows Buy Taiwan +10% HK+9% KOREA +6%/ FX USD weak vs KRW+3% , THB +2% ***Info.Tech outperform/ THB appreciation Prefer AAV BA GPSC BDMS / Stocks of the Day Prefer MINT CPALL ***Research Cut target price of BGRIM Neutral tp Bt 48/ CBG Neutral tp Bt 101 vs Raise CPALL tp Bt 78

Foreign flows Buy Taiwan +10% HK+9% KOREA +6%/ FX USD weak vs KRW+3% , THB +2% ***Info.Tech outperform/ THB appreciation Prefer AAV BA GPSC BDMS / Stocks of the Day Prefer MINT CPALL ***Research Cut target price of BGRIM Neutral tp Bt 48/ CBG Neutral tp Bt 101 vs Raise CPALL tp Bt 78

INVX 11/11/2565 : MSCI No BBL TLI / Small cap. add BAM ERW RAM JWD NEX/Prefer MINT BANPU/ Cautious KEX /Upside for BH ESSO*** Analyst meeting 9.00 CPALL/10.00 SNNP AWC GGC/16.00 LH

Meeting today 10.30 AIS zoom /TOP 14.00***INVX cut target price of DCC MTC SPRC / BIGC IPO in 2566 positive to BJC/WICE to spin off ETL IPO ***Mkt talk to consider time limit for Convenience stores / Pub/ Gas Station from 23.00 pm to 5 am

INVX 8/11/2565 : Thai Cabinet meeting today no Hemp agenda/Gulf +THCOM deal positive/Cut target price of RJH IIG BAM

: Research : BAM Neutral /cut target price to Bt 18 from Bt 21,lower NPLs and GPM vs Prefer MTC -1sd valuation

: IIG cut target price to Bt 47 from Bt 53, base on 34x PE from higher extra expense Bt 3.5 mil.> expected Bt 1 mil.

: RJH Neutral tp Bt 35 from Bt 41 with softer Covid19 revenues in FY’66

: GULF Outperform tp Bt 63, fair THCOM price deal with 41.13% @ Bt 9.92 to complete deal in 1Q’23. Expected Analyst meeting this afternoon

: GS expected China Reopening period in 2Q’65