SCBS 12/1/2565 : Upgrade BLA target price to Bt 49 Outperform and SIRI to Bt 1.42 Positive view/ TQM to change par value to Bt 0.50 on 13/1/65***Food negative GFPT TFG vs CPF benefit/Petrochem Prefer IVL Outperform tp Bt 50

: Sensitivity for every 1 mil. Thai Tourists arrival to impact on Thai GDP by 0.3% vs SCBS assumption 2565 Thai GDP at 3.6% and 8 mil.Tourists arrival

: Inflation Play to Benefit Oil Bank Insurance : GS expected Brent Oil to peak at $ 85 in 1Q’22. Prefer BBL KBANK BLA IVL