INVX Morning Call Jarivun Aiempichitkijkarn

INVX 5/7/2567: Prefer CPALL -2SD and best SSSg and Gulf 2Q24 Earnings high record.-1.5 SD/ Overweight Food Prefer CPF BTG TU to GFPT *** TU share buyback selling period ( July 8-12,2024) ***TU 2Q24 Earnings Preview Core Profit Bt 1.3 bn +2% yoy better Sales and margin,+45%qoq / 3Q24 Core Earnings +qoq/+yoy with no loss RL***TU Outperform tp Bt 18***Today INVX Event 10.45 PTTGC Group / MS team***GS Asia Portfolio Strategy Positive Sector Tech Phama Biotechnology and Prefer INDIA North Asia ***Program trading Buy CRC positive surprise on SSSg Fashion in June 2567

INVX 4/7/2567: Overweight Energy Prefer GRM play BCP TOP PTTEP and Gulf -1.5 sd ( 2Q24 Earnings positive/Gov. PDP 2024 review ) / Flows Buy Tech DELTA HANA ( KCE Outperform and laggard but no ESG list and SET50 deletion) / Bank 2Q24 Earnings play Prefer BBL KTB ( Flows Buy KBANK SCB) *** Foreign net buy both Equity and TFEX ***GS Overweight 3 month Oil Gold Cash *** Overweight Food Preference CPF BTG but TU negative impact short term on 8-12 July 2024 Share repurchase 200 mil. shs selling period but positive from. ITC 2Q24 Earnings recovery

INVX 3/7/2567: Overweight Food Prefer CPF ราคาหุ้น+3.96% ทำนิวไฮรอบ 17 เดือน/ Cover short / ไตรมาส2 กำไรโดดเด่น/ BTG vs Short term cautious TU สามารถขายหุ้นซื้อคืน 200 ลห 4.2% ระหว่าง 8-12 กค 2567 ***Neutral Bank 2Q24 Earnings slip both qoq ( TISCO) /yoy ( KBANK)***downside risk on sector loan growth at 3%*** TTB strongest 2Q24 Earnings growth yoy at 15% from Tax benefit / Commerce 2Q24 negaive SSSG Neutral top picks CPALL CPAXT GLOBAL / Flows Buy BDI +5.27% logistic +PSL TTA WICE SINO vs Sell SGC JMT JMART EA NEX TU

INVX 2/7/2567 : BDMS Site Visit negative tone on issuance claim system at Samithivej Sriracha concern *** Low season on Tourism / Program trading Buy EA BYD NRF / GS Asia Pacific. Buy Energy and Telecom *** INVX Prefer TOP and ADVANC TRUE ( Earnings upside) vs Cautious Auto

INVX 1/7/2567: Today Effective date for new SET50/100 and Uptick Rule/ Share buyback COM7 starts / EA Khun Sompote physical meeting today 13.30 ( EA office) / Research TRUE Outperform tp Bt 10, 2Q24 core Earnings preview Bt 835 mn +4% QoQ/ sharp turnaround yoy from 2Q23 loss 2.3 bn*** upside from core Earnings24 at Bt 3,064 mn*** Overweight Telecom Prefer ADVANC and TRUE / Overweight Food Prefer CPF BTG / Program Trading active more Sell EA BYD JPARK vs Buy COM7 WiCE / Flows Buy ROCTEC + sector change from Media to ICT

INVX 28/6/2567: Funds Flow Buy Healthcare vs Sell Energy and Bank/ Program Trading Sell EA NEX BYD vs Buy SYNNEX VGI / Energy sector : Short term negative : low GRM to mark soft 2QEarnings with stock loss ( BCP Outperform tp Bt 51 ,Shutdown/ Turnaround factor but DY 6.7% *** 3 Q GRM +Q/-Y ( Outperform BCP TOP PTT OR PTTEP/ Neutral IRPC SPRC ) *** GS Buy PTT PTTEP TOP / Sell IRPC PTTGC*** Today INVX Invitation Electronic sector / Group MS Team at 14.00*** Today SET50/100 adjusting Portfolio SET50 + BJC ITC BCP TIDLOR / - SAWAD BANPU KCE COM7 / Com7 share repurchase 40 mil. share during July1-Dec.2567