AOT - Runway for growth in 2025; Maintain BUY TP THB65.00

GLOBAL - Entering the recovery phase; Upgrade to BUY TP THB16.70

GFPT - A positive catalyst emerged; Upgrade to BUY TP THB12.50

DELTA - 2025 profit should still grow after GMT; Maintain HOLD TP THB100.00

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