Today STGT par split from Bt 1 to Bt 0.50/Gold future+2.5% / US Energy lead and CNOOC to be delisted ***SCBS prefered Energy Utility Food Agri Insurance vs cautious Tourism cut tourists no.’21 to 5 million

SET Index short term correction 1350-1400 buying level with 1Q’64 THB/US$ to be 29 and Thai Interest rate to be cut by 0.25% in 1H’64. Prefer Food Commerce Insurance Agri Energy Utility***TRUE mkt talked for share buyback from China Mobile

2564 Global Strategy on Green Energy and Stay at home Prefer EA / Food Prefer CBG MINT / Commerce Prefer CPALL BJC HMPRO MAKRO***PTT XB 95:1 PTTOR on 4/12/2563 and STGT changes par from Bt t to 0.50

Conmat sector Outperform SCCC tp Bt 210 vs Neutral SCC tp Bt 420 vs DCC Neutral tp Bt 2.70

Prefer SPALI vs Neutral PS tp Bt 12.90 base on loss sharing Vimut Hospital in 2H’64

SCBS 2021 Stock picks Buy EA BDMS MINT SCGP SPALI THREL IP IIG TNP WICE ***SSP Neutral tp Bt 12-13 , NP’63 +40% yoy to Bt 763 mn/ ‘64-‘65 NP +17% vs ytd Price performance +75%

SET Index 2020 target to buy at 1350-1400 : Neutral Petro GGC IVL PTTGC vs Buy PTT XB 4 Jan 2564 for 95 PTT: 1 PTTOR / IPO PTTOR Rojukiss in Jan. KEX Kerry IPO @ Bt 28 trade today

Sensitivity to GDP impact if ปิดแค่สมุทรสาคร/ปิดสมุทรสาคร+8 จว/กท+9 จว 0.02%-0.16%-0.53% if 1 mth lockdown***เราคาดกนง คงดบวันนี้และมีโอกาสลดดบครึ่งปีแรกปีหน้า***GDP Recovery Play Buy BBL SPALI / Cyclical Play Buy PTT PTTEP TOP IVL

GS targeted SET Index at 1400, Buy PTT BBL/ SCBS alerted Samut Sakhon impact to Commerce sector SSSg : CPALL MAKRO BJC by -0.2%, HMPRO -0.9%, Global -1.4%. Prefer CPALL BJC HMPRO . Neutral NRF TU

SCBS expected Thai GDP 4Q’20 at -8%/ 1Q’21 at -1% ***SCGP outperformed /raised target price to Bt 48***SET Index target : Wait at 1350-1400 Cautious Tourism Entertainment vs Prefer Energy Utility Packaging Healthcare Food +++