M - Still waiting for recovery to come; Maintain HOLD TP THB24.00

BDMS - Co-pay concerns overblown; Maintain BUY TP THB36.50

CPALL - Core profit for 4Q24 expected to grow q-q, y-y; Maintain BUY TP THB83.00

SHR - A 4Q24 comeback and 2025 shining bright; Maintain BUY TP THB3.80

SISB - Overly concern; Maintain BUY TP THB42.00

CPAXT - Robust 4Q24E profit and upward revisions; Maintain BUY TP THB34.00

SAPPE - Profit may recover in 1Q25; Maintain BUY TP THB83.00

AP - Valuation remains attractive; Maintain BUY TP THB9.70

TU - Waiting for clarity on GMT impact; Downgrade to HOLD TP THB14.70

PR9 - Middle East patients to propel record profit; Maintain BUY TP THB30.00