SCBS 24/1/2565 : GS Buy BBL tp Bt 142 Neutral SCB tp Bt 136 Neutral KTB tp Bt 13 Sell KBANK tp Bt 126 /SCBX Tender offer in Feb.-Mar./Listing SCBS vs Delisting SCB in April./One-off dividend to SCBX in Mid.'22

: SCBS Prefer KTB to KTC and Prefer GFPT to TU

:GS expected US Interest rate hike at least 4 times/quarter in Mar. June Sept. Dec. or more special up to Inflation risk /QT $ 100 bn/month starting in July 2022

:GS Upgraded Metals & Mining to marketweight, and downgrade Software & Services to underweight i

:Analyst meeting 24 Jan. KKP 16.00 Webex/ 25 Jan.SCGP 15.30 Zoom/26 Jan. SPALI 10.00 MS Team/27 Jan.SCC 9.00 Zoom/28 Jan. KBANK 10.00 MS Team

:Thai Cabinet meeting today with Agenda likely EV Tax/ Stimulus Kon lah Krung# 4