Report Summary

• China is shifting economic policy to focus on domestic consumption and investment, aiming to leverage its large market amid global trade uncertainties and pushback against Chinese exports.
• Thai Beverage reported higher EBITDA due to margin expansion in Beer and improved Spirits volumes; the company is expected to benefit from low raw material costs and operational cost normalization.
• Koda Ltd is identified as a technical buy, with bullish indicators suggesting a potential price reversal and multiple target price levels. The company specializes in designing and manufacturing wood-based and rattan furniture.
• The report includes disclaimers, regulatory information, and outlines the recommendation framework for stock, sector, and country ratings.