SCBS 22/11/2564 : Oil down vs Thai FT to rise in Jan.'2565 Positive to Power sector Prefer GULF BGRIM and Trading Buy NER. ETF Flows Sell Japan vs Buy China/ pause Bank Finance EV Renewables vs Buy China. Research Outperform IIG BLA BDMS vs Neutral CBG

: Today MAKRO XB : MAKRO 10 : 1 /CPALL 15: 1 /CPF 70 : 1 MAKRO

: TRUE 1 : 2.40072 shs. at Bt 5.09 vs DTAC 1 :24.53775 shs. at Bt 47.76. Positive to both TRUE and DTAC and DIF for Synergy Benefit and reduce Cost/ Expenses. Waiting for Government and shareholders to approve process. Deal should be done in 2H22