ASIA AVIATION (AAV TB) - Ready to fly back to China; Maintain BUY TP THB3.70

INOUE RUBBER (THAILAND) (IRC TB) - Slower recovery than peers; Initiate with HOLD TP THB15.50

BLUEBIK GROUP (BBIK TB) - Soft 4Q22 results expected; Maintain BUY TP THB155.00

MINOR INTERNATIONAL (MINT TB) - Getting back to growth mode; Maintain BUY TP THB40.00

THAI STANLEY ELECTRIC (STANLY TB) - Bottom line miss in 3QFY23; Maintain BUY TP THB230.00

VGI PCL. (VGI TB) - The recovery has arrived; Maintain HOLD TP THB4.30

SUPALAI (SPALI TB) - Slower performance but still safe; Re-Initiate with BUY TP THB27.00

PTG ENERGY (PTG TB) - Expect a 4Q22 net loss; Downgrade to HOLD TP THB14.00

COM7 (COM7 TB) - Aiming for 35% market share; Initiate with BUY TP THB40.00

BANGKOK AIRWAYS (BA TB) - Earlier turnaround is in sight