SCBS 13/6/2565 : Inflation and Interest rate hike Benefit Bank Finance Insurance and rerating TLI IPO/Prefer BBL KBANK BLA MTC

: SET index’s return tends to be positive by 1-3m

: BOT’s +25bp hike will hit SET index’s EPS by -1.3% (or 20-25 points from index).

: Banks, Insurance have been the winners, while Hire purchases, Food, Land Transportations, Commerce, Powers have been the losers.

: Research Buy Bank Insurance Finance / Trading Buy HTC CBG DELTA KCE

: Earnings positive play in 2H’65 Prefer Bank Energy Tourism Petro (+y/+q) vs Negative Conmat.(-y/-q)