SCBS 26/11/2564 : Strategy focus on SET Index 1650. Research Zen outperform tp Bt 14.50/GVREIT neutral /GLOBAL neutral tp Bt 25 (Depo Bangunan; CKDB (≤Bt10mn/year ) AOT Neutral tp Bt 67***Meeting BGRIM 8.00/13.30 RATCH/XD PSL Bt 0.50, XR MACO 2:1@Bt 0.30 GS now expects the Fed to announce in Dec to double the pace of tapering to $30bn per month starting in Jan, and ending in Mar.

This faster pace of tapering would allow the FOMC to consider a rate hike as early as March.

Base case, GS now expects 3 hikes in 2022 (in “June/ Sep/ Dec” or “May/ July/ Nov”), followed by 2 hikes per year starting in 2023.

BOK hiked rates by +25bp to 1.0% yesterday. GS expects BOK to hike again by +25bp in April, see a risk of earlier hike in 1Q22.

WHO meeting today for New Covid series —-HK negative impact found 2 new cases: China to focus more on Biotech and Pharma.

SCBS 24/11/2564 : Flows rotate Oil and Gold to Buy Fx USD & Inflation benefit/ Global Mutual Funds trimmed overweight sector Energy Financials ahead OPEC meeting on 2/12/64/Property Prefer SPALI LH and Trading Buy SIRI ORI/Outperform PTT GULF HTC

SCBS 23/11/64 :Today Analyst meeting 10.00 EGCO. 10.15 KTC, 13.30 PTT,14.00 BGRIM, 14.30 GULF

***Downgrade BAM to Neutral tp Bt 21 vs Maintain UTP Underperform tp Bt 18,Neutral AOT tp Bt 67, Outperform ADVANC tp Bt 235.

***US Inflation play+US$ Bank Oil

GS expected US 10 y at yr end’21 at 1.7% and yr end’22 at 2%

EIC ปรับเพิ่มคาดการณ์ส่งออกปี 2021 เล็กน้อยเป็น 16.7% จากเดิมเคยคาดที่ 15.0%ตามตัวเลขส่งออกที่ขยายตัวเร่งมากกว่าคาด ขณะที่ในปี 2022 EIC คาดการส่งออกไทยยังมีแนวโน้มขยายตัวต่อเนื่องที่ราว 5.1% ปรับเพิ่มจากคาดการณ์เดิมที่ 4.7% ตามโมเมนตัม การส่งออกในช่วงปลายปีนี้

SCBS 22/11/2564 : Oil down vs Thai FT to rise in Jan.'2565 Positive to Power sector Prefer GULF BGRIM and Trading Buy NER. ETF Flows Sell Japan vs Buy China/ pause Bank Finance EV Renewables vs Buy China. Research Outperform IIG BLA BDMS vs Neutral CBG

: Today MAKRO XB : MAKRO 10 : 1 /CPALL 15: 1 /CPF 70 : 1 MAKRO

: TRUE 1 : 2.40072 shs. at Bt 5.09 vs DTAC 1 :24.53775 shs. at Bt 47.76. Positive to both TRUE and DTAC and DIF for Synergy Benefit and reduce Cost/ Expenses. Waiting for Government and shareholders to approve process. Deal should be done in 2H22

SCBS 19/11/2564 : Today XD DCC Bt 0.04, STA STGT Bt 1.25, JASIF Bt 1.25 / Monday 22 Nov. XB MAKRO 10 : 1/ CPF 70 : 1 /CPALL 15 : 1 MAKRO***Analyst meeting 9.30 BCP/ 10.00 XPG / 13.30 CBG/14.00 PTTGC / 15.00 TQM *Research Underperform QH/Neutral TIDLOR BTS / GS ASEAN real GDP growth to average 5.3% in 2022, up from 3.1% this year, with the biggest acceleration in full-year growth in Malaysia, Thailand and the Philippines./ASEAN Real Estate : Buy LH and Sell Minor/CPN vs Neutral WHA

SCBS 18/11/2564 : Overweight Bank Property GDP+ dividend play+Commerce laggard

Today RCL XD 1.50 and Tmr 19/11/64 XD DCC Bt 0.04/STA STGT Bt 1.25/JASIF Bt 0.22

Analyst meeting 10.00 U/10.30 GGC EPG /13.00 ONEE/14.00 BTS BTSGIF/14.30 TIDLOR/15.00 TCAP

Commodity : Oil kept falling down as US Inventory release plan next month to stand at GS target Brent at $ 80 vs Gold kept rising.

SCB EIC expected Chip shortage impact till next year and back to normal in Year 2023 from Trade War and Tech War. Positive to Semiconductor demand

SCBS 18/11/2564 : Overweight Bank Property GDP+ dividend play+Commerce laggard

Today RCL XD 1.50 and Tmr 19/11/64 XD DCC Bt 0.04/STA STGT Bt 1.25/JASIF Bt 0.22

Analyst meeting 10.00 U/10.30 GGC EPG /13.00 ONEE/14.00 BTS BTSGIF/14.30 TIDLOR/15.00 TCAP

Commodity : Oil kept falling down as US Inventory release plan next month to stand at GS target Brent at $ 80 vs Gold kept rising.

SCB EIC expected Chip shortage impact till next year and back to normal in Year 2023 from Trade War and Tech War. Positive to Semiconductor demand

SCBS 17 Nov., 2021 : Today BTS-W7 starts trading/XD INETREIT Bt 0.1269/XR NOVA 10:1 @ Bt 10.35 /Share listing SDC 127,504,552 / Tomorrow 18/11/2564 RCL XD Bt 1.50***GDP Play Overweight Bank/Underperform PSH vs Neutral SIRI TRUE CHG *** Company visit today 17/11/2564 : 10.00 MINT OR/ 14.00 VGI IIG / 15.30 NRF

SCBS 16/11/2564 : SCB 1:1 for SCBX /ender offer in Feb.-Mar.2565, /Warning for THRE downgraded to Underperform vs Prefer BLA TQM vs Neutral TIDLOR/Underperform PSH vs Trading Buy ORI SIRI/ Prefer ADVANC to TRUE***BTS W7 trading tomorrow 17/11/2564

SCBS Nov 15, 2564 : SCB EGM meeting today at 14.00 to approve SCBX/ Div.

***China Beijing Stock Exchange ซื้อขายครั้งแรกในวันที่ 15 พ.ย. for 81 SME Companies to listing

***Upgrade LH to outperform tp Bt 9.90

***Raise target price BLA to Bt 36/ GULF to Bt 46 vs Downgrade BGRIM /cut tp SAWAD Neutral