GULF - Solid earnings despite lower Ft; Maintain BUY TP THB54.00

SAV - The Cambodian sky is no limit; Initiate with BUY TP THB26.00

IRC - Lower cost to drive 4QFY23 profit; Upgrade to BUY TP THB15.00

ASW - New growth engine from Phuket; Maintain BUY TP THB11.00

ICHI - Solid growth in next three quarters; Upgrade to BUY TP THB19.00

TISCO - A worthwhile risk-reward profile; Maintain BUY TP THB111.00

STANLY - Expect 2QFY24 profit to improve q-q; Maintain BUY TP THB240.00

TU - Better pet food, worse Red Lobster; Maintain BUY TP THB18.00

ITC - Expect 3Q23 to slightly improve q-q; Maintain BUY TP THB30.00

SJWD - Earnings bottom has passed; Initiate with BUY TP THB21.50