SCBS 12/72565 : Strategy Prefer Defensive Power Healthcare Commerce Property Bank vs Sell Tech Tourism Auto Oil/ Neutral MAJOR/Outperform AP vs Neutral SIRI/Prefer GULF

: Power sector Prefer GULF BGRIM GPSC/ Healthcare Prefer BDMS BH BCH/Commerce Prefer CPALL CRC BJC/Property Prefer AP LH/Bank Prefer BBL KBANK

: KBANK to be Challenger Bank to join with Line Bkk for retail lending and SME

: Government policy to support Property sector for Foreign investment and LTV/Tax cut play.

: Oil down negative correclation to Power laggard and FT hike benefit