Sawasdee – March 25, 2022
SET upside is limited. A drop below 1,670 is a bad sign |
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| Market outlook & strategy | ||||
| SET upside seems limited at resistances of 1,688 and 1,698, weighed by concerns over the Russia-Ukraine war, rising crude oil prices that are heightening inflation and a tighter monetary policy by many central banks. We assign supports at 1,670. Falling below supports would be a bad sign. Tactically, we recommend selecting stocks with growth and less impact from external factors. | ||||
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| Company analysis | ||||
| QH – Recovering in 2022F, but valuation is expensive – Underperform | ||||
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