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Yim CIMBAOT prelim 3q20 -bt3bn, delay capex scheduled led higher DCF based Tp to 54 from 51SCC 2q20 preview peak profit bt10bn (+40%q) on good chemical spreads but weaken outlook.2020-07-0809 minYim CIMBProperty (+) TVO (+), Hotel (uw)😊2020-07-0307 minYim CIMBOW Industrai Estate: WHA tp 3.92, AMATA tp 20. Bjc d/g. AIS preview. Food px update🙏🙏🙏2020-07-0207 minYim CIMBPreview banks with BBL most resilience. Preview Electronic w Delta most outperformance😊2020-07-0109 minYim CIMBHuman (initiated ADD tp 9.7) lingvterm (+) in HR outsiurcing❤️2020-06-3008 minYim CIMBHMPRO (d/g to Reduce) pent up demand fades. OSP overnight placement at bt 37 signal weak 2q20 earnMakro (+) likely divestment from Cpall come soon.2020-06-2906 minYim CIMBS&P500 is risk to a new phase of bear marketTechnology prefer Delta over Kce. Stronger baht is key trigger.2020-06-2605 minYim CIMBPreview DTAC 2Q core profit -21%y -5%q with better 3qoutlook. BOT target tourist arrival -80%yTo 8mn (in line w AOT) no further downside to our already bearish views on Thai hotels.2020-06-2504 minYim CIMBMint announced RORefineries : GRM improvement not exciting.2020-06-2408 minYim CIMBPolitical not an issue. Bank -6.3% yday, factored in freezing dividend and weak asset quality.AIS (+): on u/g 5G users forecast by 137% from prior this year.2020-06-2307 minYim CIMBBank (-) from freezing interim dividend given it implies additional system NPL another 8-10%.CK d/g to Sell no near term caralyst.2020-06-2206 minYim CIMBKTC selling pressure drove by (-) potential of ceiling rate cut for consumer loansWhat next if Chinese comes to Thailand 1mn per mth in 4q20?2020-06-1707 minYim CIMBSET remain volatile but liquidy cushion. Petro (neutral) with + IVL vs. TOP n PTTGCPlanB nearterm earning dump but improving start in 2H.2020-06-1605 minYim CIMBCPN ( stronger than E recovery). PLANB 1Q20 results was 7% missed. AIS won court case(+)New Covid 19 cases (-) travel bubble Thailand2020-06-1507 minYim CIMBBOT expect Thai baht 30.5-31 in Jun and weaken to 31.5 in 3q onwards.ERW target price upgrade to bt 3.20 from 2.20 remain REDUCE.2020-06-1206 minYim CIMBAOT planned capex cut 30% provide (+) hope.Healthcare : new trend post Covid favor CHG, (-) BH on high F exposure.2020-06-1107 minYim CIMBSet target lifted 1310. Mint outperfirmance driven by upcoming XR.NETBAY: likely set provision fir THAI.2020-06-1006 minYim CIMBOil & Gas ( Growing upstream value), CPALL (u/g tp bt82.50), Makro ( u/g tp bt 46.50)China handset demand back to pre Covid level.2020-06-0910 minYim CIMBSET (+) from foreign inflows. Upgraded PTT & PTTEP to ADD. Downgraded Pttgc to RefuceTelco (+) Ais but top pick at Intuch on better yield.2020-06-0808 minYim CIMBTKN (+) new partner to drive share momentum near term. TOP cut capex reserve liquidity GRM depress❤️❤️2020-06-0105 minYim CIMBFinance ( Neutral) : KTC seen downside risk 11% to our earning forecast but upside for MTC SAWAD🙏🙏😊2020-05-2903 minYim CIMBDIF (+) better payout expected. JASIF d/g to Hold, shorter rentsl guarantee vsDif’sHotel d/g to UW on sluggish recovery and too optimistic share pricce rebound.2020-05-2807 minYim CIMBSpeculative glows drive higher SET. Industrial estate (+) relication flows to VN.China R&D spending seen most in infrastructure projects, (-) Thai contractors. Hana (hold) Huawei threat its smartphone outlook. SIri good presales on expense of GM.2020-05-2710 minYim CIMBHotel coupon to further boost speculate in shrs, take profit. Retails update post stores resumed.Petchem update with Hold fir Pttgc snd Irpc and Sell Scc. PR 9 falling top line hurt Gm.2020-05-2608 minYim CIMBChina NPC no GDP set but job creation implies +4%Stec low GM pj to kick in 4q20. MC stores resumes sales improve cost contrl. ANAN struggling unprecedent high unsold inventory.2020-05-2509 minYim CIMBNew security law could resurg chaos in Hong Kong. Mint new perpetual bond face higher coupon rate.CPNREIT lowered DPU. CHG remain resilient. ERW wider loss expected this yr.2020-05-2209 minYim CIMBUs China tension (+) industrial estate. TWN semiconductor(UW). CPN figures encouraging,SET eps cut 4% this yr to nt 66 and 80% next yr.2020-05-2107 minYim CIMBMINT ( -) post the con call. IRPC u/g to Hold. SCC integrated chem margin >usd700 :0MPC rate cut view from Dr Amornthep.2020-05-2009 minYim CIMBMINT (-) cash call amid Covid impact & (-) pressure shead. ERW facing cash call ridk too.SHR target revised to bt1.6 on changed to 11x ev/ebitda. WHA tp d/g to bt3.2, risk reward less attrative vs Amata’s2020-05-1909 minYim CIMBMint (-) big loss snd bigger in 2q20. Sawad in line but SM +94%q. CK deeper loss.CRC missed but ADD recommended. CBG upbeat outlook ahead. (*) resilts : Cpn Cpnreit Wha2020-05-1811 minYim CIMBResults (+) AOT, ERW, LH (-) BJC CENTEL AMATA SPA. In line : MEGAUpdate : PSH QH CPALL2020-05-1508 minYim CIMBFed warning (-) global sense. Analyst meeting messages & our takes : KCE (-) pttgc (-), top (-),OSP(-). Results (+)qh, cpf, hana & bdms.2020-05-1408 minYim CIMBResults:: 4 beats, 2 missed and 2 in line(+): Ivl spali M Kce (-) OSP SPRC (in line) CPALL & GFPT2020-05-1307 minYim CIMBCentel (-) omitted Dps bt 0.55/shr. Ptt & Netbay results upbeat.Msci rebal announce today.. (+) Awc Toa and Ktc. (-) Banpu.2020-05-1208 minYim CIMBMakro in line, sg&a/sales falls first time since 1q17. CBG beat 11%. Top ang Pttgc redilts missedAmta 70 rai kand sell 1q20. Contractor (-): Red line extendion delay as contracts may b shift to PPP2020-05-1106 minYim CIMBOil inventories likely contract first time since Feb, Stec dg to Hold, Hmpro (-), results :Iroc missed 21%, in-lined :Mtc Ais n Lpn2020-05-0806 minYim CIMBThailand stragy note mainrain target 1230, current index present good selling opportunity,III poor preview but brighter outlook, TU core profit below us 8% but cheap valuation & shr repurchase support.2020-05-0709 minYim CIMBCRC initiation with ADD, target px 42. Pttep core profit below us 9%. Property preview adjustedSPALI core eps cut 19%, remain Add & top pick. SPA core profit cut 75% tp revised to bt8.6, HOLD2020-05-0511 minYim CIMBBright outlook of Xiomi(+) Hana, Scc beat us 15% chem outlook seen redilient in2Q20, previews: BJCPreview Bch ( not bad)2020-04-3007 minYim CIMBHmpro results in line, BH in line, preview: Planb wesk results n earning cut 21% this yr.If include cancellation Tokyo olympic, another downdide of -bt0.30/shr2020-04-2908 minYim CIMBCHN : consumption U shaved recovery, Delta profit in line but 19% ahead cons, CK key msg from concalAus n Intuch eps cut about 3.5% this yr reflect lieer lical consumption.2020-04-2802 minYim CIMBDtac lowered rating yo Hold, tp revisedup to bt 44, CPN one of the hardest hit by Covid 19, cut eps36% this yr maintsin Buy.2020-04-2706 minYim CIMBShould chase priced now?, CBG surprise sale to CLMV, MC struggling, kKP uncertsinty remains💝2020-04-2406 minYim CIMB(*) earning surpruse GFPT, WHA expected good rebound after Covid-19, MINT is one good bet❤️❤️❤️2020-04-2309 minYim CIMBRefinery update w sensitivity for GRM provided, bbl in line, KTB beat 19%, Delta concallDelta concall msg present upside risk.2020-04-2209 minYim CIMBBank results: kbank (-), scb tmb kkp beat tisco in line.Upcoming bbl expected bt8bn2020-04-2106 minYim CIMBKtc result in line, chemical preview: npat in black for Scc and red for Ivl & pttgc, True revisedTrue deeper liss both 1q20 and 2020. Sappe 1q20 outlook ok but weaker 2q2020-04-2009 minYim CIMBHmpro to cut fr bt15.8 to bt13.6Chg Add tp cut to bt2.5(top pick)2020-04-1707 minYim CIMBPreviews and d/g: BDMS, BCH but maintain Add LH on sustain high yieldKbank insignificant impact from incease Bank Maspion Indonesia2020-04-1606 minYim CIMBERW d/g to Reduce, expect eps -0.36/shr in 2020 and -0.16 in 2021. Refinery previews: net loss allIvl (+) msg but not exciting2020-04-1507 minYim CIMBBh mai tain Reduce tp cut to bt 93 on most (-) from Covid19 and oil px collasp.Hmpro reopened 5 malls in Ninthaburi, Saudi cut further OSP2020-04-1406 minYim CIMBAOT(-), Banks previews w Bbl top pick, d/g Top to Reduce, Property sentivity show 24% d/s& cpf(+)Derails in email note ka2020-04-1309 minYim CIMB9 amApr: previews & update; Tisco Tmb Kkp and PttepOpec+ meeting in the price, what is next?2020-04-0910 minYim CIMBIndex 1230 basedon mkt eps72, maintaied. D/g Centel to reduce cut eps 43% this yr, OSP buy tp 41Mega see lesser impact from outbreak2020-04-0808 minYim CIMBBanks (+) liwer contribution to FIDF. Contractor (-) national budget cut fir QE.Previews(+) Dtac, (-) for M, TU, Pttgc2020-04-0710 minYim CIMB2 Apr : MTC (-) news wont hurt earnings, TKN EPS d/gMTC nearterm weak on sentiment and NPL concerns. TKN’s valuation higher than food peer, implies bt4/shr.2020-04-0205 minYim CIMB1 Apr morning brief:(-) SCC still, WHA (+) even under stress test, STEC ds limit, u/g to BUY2020-04-0111 minYim CIMBTestTest2020-03-3100 minYim CIMB31 March : Morning brief: Oil n gas update, AIS previewRefinery stock loss in 1Q20, assumptions reviewed.2020-03-3122 min