GDP cut/ Positive Earnings Prefer TOP PTTGC

Brent +3% / Prefer PTT PTTOR PTTEP IVL PTTGC TOP / Upgrade GLOBAL to OP tp 23

SCB EIC cut Thai GDP’21 to +2.2%,tourist arrival 3.7 mn. export -1.5%/ Cut tp BTS BTSGIF BEM / Neutral IVL SCC

IMF upgraded GDP’21 for World /US/ Japan GDP’21 but cut Asia Eu UK China. Today IVL capital mkt 9.00-12.00/SCC 4Q’20 Neutral / EVAT+EA 14.00/SCGP Meeting 11.00

Prefer EA KCE HANA /Commerce Hospital/ Today งบไตรมาส4 SCGP Buy tp Bt 50 *** Initiate THANI Neutral tp Bt 4.40

Telecom NT คาดจับมือ 50%กับ ADVANC และ TRUE Neutral / Food Prefer CBG to CPF / GS outperformed CPALL to Bt 73.75

Upgrade KBANK Outperform tp Bt 145 vs Cut tp TMB Bt 1.25 /Upgrade PTTGC to Outperform tp Bt 75/ SIRI neutral to negative / BTS neutral to negative

Commerce++CPALL GLOBAL / KBANK positive surprise vs TMB disappoint/ Neutral AOT

US Yellen policy to strengthen USD ++Bond yield kept rising to positive Insurance BLA THREL THRE vs Negative Utility / มาตราการกระตุ้นเศรษฐกิจไทย +GDP ปีนี้ 0.5% / GRAB plan to list in SET /MOF to sell BCP to Vayu Fund for PTTOR

CBG Buy tp Bt 150 / Prefer KKP KTB BBL and MTC SAWAD vs Neutral TISCO KTC AEONTS