SCBS 7/3/2565 : Overweight Energy Prefer PTTEP PTT BCP and Healthcare BDMS BCH BH

SCBS Research Upgrade BH Neutral target price to Bt 162 with double Earnings’22 +36% and E’23 +11% . Prefer BDMS BCH BH to CHG

Outperform PTT, Upgrade target price to Bt 52 / PTTEP to Bt 182 from higher Oil price sensitivity. Brent assumption raised from $ 70 to $ 82( Yr’22) /$ 75 (Yr’23)/$ 70(Yr’24)/long term $ 6

IPO A5 MAI/Property listing today

TRUE Repurchase 24 mil.shs trading today/

SPALI 194.938 mil.shs. Repurchase trading tmr 8/3/2565

GS MSCI announced that Russia will be reclassified from EM to Standalone Markets status, effective as of the close of March 9. The re-distribution of weights could see China’s weight increase by 50bp and Taiwan, India and Korea’s weight rise by modest 20-25bp in the MSCI EM. We see limited re-allocation inflows in Asia given Russia’s small weight in MSCI EM (currently 1.6%, marking at effectively zero price as of March 9), light active fund allocations in Russia and potential pressure from any pick up in EM fund redemptions (See p. 2-4 for details).

GS expected Gold to hit $2,150 target. Overweigth Commodities Gold Oil/ Sell MINT tp Bt 30.74, 4Q’21 Earnings recovery priced in. SET Index2022 target at 1750***Thai interest rate to hike 25 bps in 4Q’22