SCBS 9/5/2565 : Brent Oil target $ 125 in 2H'65 and Fx THB weak to Benefit PTTEP BCP TOP SPRC and Export play GFPT CPF TU DELTA PSL***Downgrade GPSC to Neutral / cut tp to Bt 90

: Strategy 2Q’65 low for SET Index at 1600-1660 vs 1700-1750 in 2H’65 with Energy lead.

: SET 50/100 Expectation to calculate till end of May65 and announce in mid-June to be effective on early July 2565