ITC - 2025 to face pressure from GMT; Downgrade to HOLD TP THB23.00

SYNEX - Resilience in 2024 and steady growth into 2025; Maintain BUY TP THB17.60

SIRI - Unexciting 4Q24 presales; Maintain BUY TP THB2.20

CBG - Still able to gain market share; Maintain BUY TP THB88.00

SC - Higher 4Q24 presales, led by condos; Maintain BUY TP THB3.20

SAWAD - Expect headwinds on ROE; Maintain HOLD TP THB45.50

SPALI - 4Q24 presales rose y-y from condos; Maintain HOLD TP THB20.40

MTC - Positive catalysts lined up in 2025-26; Maintain BUY TP THB60.00

BA - Happy new year and new high in Samui; Maintain BUY TP THB30.00

TIDLOR - High profit growth for pursuit; Upgrade to BUY TP THB20.50