HANA : Earnings preview - Expect weak earnings in 4Q24F We expect core profit to drop to a multi-year low of Bt257m in 4Q24 (-12% yoy, -24% qoq) due to low season. This implies full-year core earnings would miss our FY24 forecast by 9%. Earnings would remain weak in 1H25 but only start to recover in 2H25. Maintain NEUTRAL call with a revised TP of Bt25.