NOBLE - Strong 4Q22 recovery as expected; Maintain BUY TP THB6.40

ERW - Solid 4Q22 driven by luxury hotels; Maintain BUY TP THB5.50

BPP - Strong 4Q22 core net profit; BUY TP THB18.00

GULF - Solid earnings from energy giant; BUY TP THB58.00

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