SCBS Invitation : Wed.16 Mar. 2565 : 11.00 Energy & Petrochem sector update / 15.00 Digital Asset ep.2 Blockchain

: Analyst meeting 16 Mar. 10.00 ZEN / 14.00 DUSIT

: XD 16/3/2565 TQR Bt 0.153 / VNG Bt 0.30 ***XD 17/3/2565 CCET Bt 0.0094 and stock div. 12: 1 / RATCH Bt 1.35

: GS stagflation, Healthcare, Energy and Telecom was the optimal allocation

: Research Downgrade ACE to Neutral tp Bt 4.70 vs Prefer GULF EGCO/THANI Neutral tp Bt 4.50 positive loan growth’22 at 6% (expected to issue the license for vehicle title loans in April 2565)

: Market concerns on Recession risk : Brent Oil at $ 140 to hit EU GDP to 0.5% vs US +3.5%/ Survey Polls : Recession risk for US 33% vs EU 50%