ERW - Solid 1Q25E, but near-term setback; Maintain BUY TP THB4.60

TFG - Anticipating a new high profit in 1Q; Maintain BUY TP THB6.50

GPSC - Waiting for new catalysts; Maintain HOLD TP THB30.00

WHA - Solid land transfers drive 1Q25E; Maintain BUY TP THB5.40

AAV - Grounded share price, recovering from fuel savings; Maintain BUY TP THB2.50

BTG - Profits are taking off; Maintain BUY TP THB27.00

M - Overall performance remains weak; Maintain HOLD TP THB24.00

KKP - 1Q25 results at first glance; Maintain HOLD TP THB55.50

CPN - 1Q25E slightly eases, still solid; Maintain BUY TP THB83.00

DELTA - Several risks still lie ahead; Maintain REDUCE TP THB55.00