NAM YONG TERMINAL (NYT TB) - Entering the recovery stage; Upgrade to BUY TP THB4.18

AAPICO HITECH (AH TB) - Another record high on the cards; Maintain BUY TP THB42.00

TOTAL ACCESS COMMUNICATION (DTAC TB) - Better-than-expected 4Q22 results; BUY TP THB55.50

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