Jarivun Noi SCBS

INVX 6/9/2566 : Overweight Tourism Prefer AOT ERW and Positive CENTEL MINT AAV SPA/ MTC Neutral, raised target price to Bt 40/HTC par split to Bt 0.50m effective on Sep.7,2566/India outperformed( best Econ.in 3 yrs) : Regional fund flows Buy small cap., auto, property vs Sell Energy Utilities : INVX Prefer AH(Auto), AP (Property) vs Market talked on Oil import liberalization to be negative on Ener...

: INVX 5/9/2566 : Overweight Tourism Top picks Outperform AOT ERW MINT/ Upgrade AAV to Neutral tp Bt 3.00/ Regional Outflow from Energy Prefer BCP OR PTT/ Strategy picks BCP AOT CPALL KBANK HTC : INVX assumption for Foreign Tourism’2566 at 28 mil. ( Chinese tourists 4.3 mil.) from previous 25 mil.( Chinese tourists 5 mil.) : OISHI (-6.34%) วันซื้อขายวันสุดท้าย 5/9/2566 ก่อนการเพิกถอน : Biweekly St...

Asia Pacific Weekly Funds Flow in Auto Property Retails Insurance vs Laggard Energy Industrial Defensive***Stocks of the day prefer BCP Outperform, raises target price from Bt 44 to Bt 51 and Earnings upgraded by 27% from ESSO synergy deal / CPAXT best Earnings growth +yoy/+HoH. ***Alert for THB assumption 2566 at Bt 35/USD vs 2567 at Bt 36-36.50/USD ***Thai Interest rate ‘2567 +hike 1-2 times ***...

30 สค IPO. PSP Bt 6.20 / SET / IMM ทำธุรกิจบริการ โซลูชั่นผลิตภัณฑ์หล่อลื่นครบวงจร ( บ. พีทูพี สเปเชียลตี้) ***IPO BRC SCGC delay IPO***INVX Stock of the Day Prefer AH and GULF / Cautious Petrochem/ Offshore Prefer BYD ,EV theme and attractive Valuation 31 สค MSCI ปรับพอร์ตสิ้นวันที่ 31 สค / รอบถัดไป 14 พย 2566 MSCI Global Add TTB/ Delete CBG SAWAD MSCI Small Cap. Add CBG SAWAD COM7 ITC PSG/ Delet...

INVX 29/8/2566: Positive Tech for 3Q23 High Season : Sector picks Prefer KCE and Trading Buy HANA tp Bt 66 vs Underperform DELTA BCP Outperform tp Bt 44, ESSO deal to add Synergy benefit Bt 2-3 bil./ year Tourism Stimulus package Prefer AOT ERW and Medical Tourism BDMS BCH BH SPA MINT Stocks of the Day Prefer KCE and BBL Factor to watch 29 สค AH XD 0.70 ( Auto sector / EV theme Prefer AH sector pi...

INVX 28/8/2566 : MOF says No Vat hike plan/ Thai Gov. stimulus packages push upside +1% to GDP'67/ Prefer KTB TOP ERW : Today US Bank Holiday / US Stock market to be closed on Monday 28/8/2566 : IPO PSP Bt 6.20 to be traded in SET/IMM on Wed. 30 Aug. 2566 : GS 28/8/2023 : Asia Pacific Weekly Kickstart : Thailand +2%, Korea Taiwan+1% vs China Philippines-2%/ Sector Tech and Energy outperformed Auto...

INVX Strategy Overweight Healthcare BCH BDMS BH / Medical Tourism SPA MINT / Commerce CPAXT CPALL BJC HMPRO / Tech KCE HANA / Energy Power GULF / Tourism ERW MINT ***Research Prefer BCH BGRIM vs Neutral JASIF tp Bt 8 vs Neutral CENTEL tp 50

INVX 23/8/2566 : Today Thailand Focus Event +Positive Foreign Flow /JASIF AGM meeting/ Thai PM +stimulus package+digital money ***Overweight Commerce CPAXT CPALL BJC CRC/Prefer GULF to GPSC***SET Index target ‘2566 at 1650***

INVX 21/8/2566 : Today NESDB 9.30 am for Thai 2Q'66 GDP vs INVX exp. 2.7% for 2566 Thai GDP : Strategy Prefer 8 stocks /4 Sectors with positive 2H’66 Earnings : Energy PTT BCP and PTTEP TOP / Tech KCE HANA/ Healthcare BDMS BCH BH SPA MINT/ Tourism ERW AOT : Analyst meeting today 21/8/2566 : 13.30 PTT / 15.00 VGI / 15.30 ERW : Tomorrow 22/8/2566 PM Vote and Khun Thaksin comeback : Thailand Focus Ev...

INVX 17/8/2566 : Thailand Focus event on Sept. 23-25, 2566/ Overweight Healthcare Outperform BDMS raised target price to Bt 35/ BH upgraded E'23-'24 by 26%, raised target price Bt 258/ Prefer MINT BDMS : Factors to watch : Next Tuesday 22 Aug. 2566 : Thai Cabinet meeting for PM voting / Minister of Finance candidate : KTB Management (ผยง ศรีวณิช) : Strategy Overweight Healthcare BDMS BH SPA MINT /...

INVX Strategy 16/8/2566 : Strategy Overweight Energy ( BCP ,PTT), Healthcare ( BDMS BCH/ Medical Tourism BH BDMS SPA MINT), Tourism ( AOT ERW MINT) : Research Outperform BCH, raised target price to Bt 23 from Bt 22/ Outperform ERW, raised target price from Bt 5.50 to Bt 6.00 : Stocks of the Day Prefer CPAXT and ERW : Cut target price : CRC BLA BTG PSH SAWAD TQM : Gulf Outperform tp Bt 63, digital...

INVX Strategy Prefer 4 sectors: Energy Prefer PTT and BCP / Tourism Prefer MINT AOT / Healthcare BDMS BCH and Medical Tourism BH BDMS SPA MINT / Tech Prefer KCE ***Asia Pacific Weekly Funds Flows favored Energy Utilities Bank vs Auto Property lagged***Research Upgrade THRE to Neutral tp Bt 1.10 vs Downgrade ESSO to Underperform and Cut target price to Bt 8.30*** Raise target price of AOT Outperfor...

INVX Morning call 11/8/2566

JNVX 7/8/2566 : Today SIRI ESOP8 42.65 mil.shs starts trading/ Tomorrow 8/8/2566 IPO i2 Bt 2.70 listing in MAI/Tech/Seasonal low in Aug.-Sep. to lock SET Index 1500-1550/ Prefer PTTEP PTT MINT BBL : BAM cut target price from Bt 14 to Bt 12 and Earnings cut by 15% this year. 2Q’23 Earnings preview Bt 457 mil., -yoy/+qoq : Cyclical play with OPEC+ meeting to cut production more to year end 2567 : Th...

INVX 2/8/2566 : SCC Management Group meeting today Wed. 2/8/66 at 16.00-16.50 MS Team : BOT MPC today EIC exp. to hike 25 bps to 2.25% today and one more 25 bps to end at 2.5% in 2023 : August seasonally Equity low season vs positive in July and rebound again in Sept.- Dec. : Market Talk for Politics delay for 8 Parties meeting today and PM Vote on 4/8/2566. INVX base case scenario to set up new G...

INVX 31/7/2566 : Today DELTA meeting 9.00 MS Team( 2Q'23 beat mkt/ Sell )/ FT Sep.23 lower than mkt exp. Positive Commerce Prefer CPALL CPAXT HMPRO : Prefer Power Gulf/Cut E’23 and Target price of GLOBAL and TRUE : Stocks of the day Prefer BDMS and MINT ***BDMS to expand foreign room limit from 25% to 30%, waiting for AGM’s approval on Sep. 6,2566 IPO KCG Bt 8.50/ SET (Food Imperial Cookies and Al...

INVX 24/7/2566 : Cautious Consumer Finance and Downgrade KKP to Neutral/cut tp to Bt 67, Cut tp KBANK Neutral tp Bt 143, KTC UP tp Bt 44 vs KTB OP/Raise tp to Bt 25***Flows Buy Energy vs Sell Bank Tech Con. Fin.***Negative newsflow on Consumer Finance : Warning for Consumer Finance negative tone on AEONTS KTC /Bank / Tech/ Food : GS Weekly Flows : China A and Taiwan experienced strong foreign outf...

3Q'2563 Strategy / Bank&Finance / Foreign flows

Commerce /Bank&Finance sector /ADVANC+SPI

BBL DIF

Tourism Downgrade ERW to Neutral vs Buy MINT / CPALL Buy

Defensive play +Food Telecom Power Hospital / GS GDP

Hospital sector Buy BCH BDMS / GS Foreign flows and sector rotation

Oil Sector / Stock rotation / AEONTS /CPALL

FX THB play Stock rotation BEM