TTA - Rough start to 1Q23 but bottom likely; Upgrade to BUY TP THB9.00
BH - Unlocking double growth engines; Maintain BUY TP THB280.00
TU - Short-term pain but long-term gain; Maintain BUY TP THB20.00
ITC - Destocking should end within 1H23; Maintain BUY TP THB34.00
MAKRO - Strong growth for wholesale business in 1Q23; Maintain BUY TP THB46.00
ILINK - Growth momentum continues; Maintain BUY TP THB10.00 - Transfer of Coverage
ORI - 1Q23E profit driven by JV projects; Maintain BUY TP THB13.90
TFG - Earnings slump in 1Q hurts outlook; Downgrade to HOLD TP THB5.20
GFPT - Revise down 2023E profit and TP; Maintain BUY TP THB12.40
CPF - Keep an eye on the meat price; Re-initiate with HOLD TP THB22.30