We have a neutral view on analyst meeting as the messages are not significant changes. MICRO now focuses on liquidity and asset quality. We, therefore, maintain 2024-25F net loss of Baht-128 million and Baht -44 million, respectively. We maintain REDUCE recommendation with TP25F of Baht 1.00 because it takes longer time than expected for asset quality management and we expect to see net loss in 2024-25F.