GS Foreign outflow USD 712 mn + Phil to be first country to test China/ Russia Vaccine / Sector +Energy Info Tech vs - Healthcare

Property sector Prefer AP SPALI by North new Analyst / XD DRT Bt 0.20

GS targeted SET Index tp 1300 / lower tp BBL Buy vs Neutral KTB vs Sell KBANK KTB / BAM outperformed / cut target price to Bt 25

Warning for Cyclical and Technology vs Prefer Defensive Consumer. NRF / SCGP IPO

XD today HMPRO Bt 0.10 / Prefer Materials Commerce ***GS Regional Outflow USD 2.4 bn***Election year -Healthcare underperformed vs Consumer outperformed

New PropertyAnalyst : Note Temporn Prefer AP and Neutral to positive for NOBLE with mkt expectation for PM +Property LTV meeting today? Strategy Prefer Commerce Healthcare Power

Politics : Election year historically marked down September ***Inflows in China vs outflows from Japan Europe *** Neutral TU

GS upgraded Brent Oil’2021 to $ 59.40 vs 2H’20 $ 44.20. SCB EIC Cautious Property. BTSGIF cut target price to Bt 7.30 from Bt 8.30 Outperform

SCGP IPO Pre-Emptive right 7.095 SCC: 1 SCGP IPO / MSCI rebalancing today -PTT CPALL SCC ADVANC AOT BDMS +BBL-F +BH / GS China raised Price change limit +/- 10% to +/- 20% ***XD today BCPG Bt 0.16 /CCET Bt 0.02/ TASCO Bt 0.3

UTP downgraded to Neutral to Bt 15.50/ Trading Buy COM7 Synnex ILINK WICE***