SCBS 22/3/2565 : GS Oil Positive Earnings Prefer PTTEP PTT CNOOC Petrochina ONGC/ Potential De-Dollarizing the Saudi-China Oil Trade/Share listing MBK 20,824,193 shs. and SABUY 70 mil.shs/XD 23 Mar.RCL Bt 3.00

: SCBS Bank Prefer BBL KBANK sector picks : Positive Feb.loan growth : best KKP, SCB KBANK KTB.

: Thailand GDP Downgrade risk from current 3.6% to 3% if Oil hike more than $ 100 and push recession risk in Year’2023 to hit GDP to 2.2%

: Thailand Interest rate hike chance by 25 bps to 0.75% if Oil hike avg.to $ 80-$90 vs by 50 bps to 1% if Oil hike avg.$ 100

: S&P downgraded rating for SCB KBANK KTB TTB from systematic risk but maintained rating for BBL BAY

: GS Sell KBANK KTB TTB vs Neutral BBL SCB vs Prefer DBS

GS Oil play Positive earnings : Prefer PTTEP PTT CNOOC ONGC PETROCHINA