SET upside is limited, weighted by policy rate hikes by many central banks
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Market outlook & strategy
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| SET upside seems limited at resistance of 1,685 and we assign support at 1,670, where the market was able to stand last week. Falling below the support is a bad sign. Pressures are from high inflation that may lead many central banks to raise policy interest rate while there is no progress in ending the Russia-Ukraine war and crude oil prices remain high. Tactically, we recommend selecting stocks with growth and less impact from external factors. |
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Industry analysis
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Insurance
– Margin improving ahead! (Presentation)
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Company analysis
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AEONTS
– Gradual recovery ahead but higher risk – Neutral
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VCOM
– 4Q21: Softer QoQ as expected – Neutral
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