KEX - Diesel price may hurt KEX; Maintain REDUCE TP THB13.50

SNNP - On track for another high in 1Q23; Maintain BUY TP THB29.00

SPALI - Weak 4Q22 due to no new condos; Maintain BUY TP THB27.00

TU - Hard situation for Red Lobster; Maintain BUY TP THB24.00

GFPT - No catalyst but cheap valuation; Maintain BUY TP THB18.00

AP - Soft 4Q22 profit as expected; Maintain BUY TP THB14.00

BH - Surprising 4Q22 record high earnings; Maintain BUY TP THB260.00

CKP - Dry season hits hydropower profits; Maintain BUY TP THB6.50

BCPG - Seasonally weak in 4Q22; Maintain BUY TP THB13.00

MEGA - Sunny outlook for long-term growth; Initiate with BUY TP THB65.00