Sawasdee – March 31, 2022
SET upside is limited as Russia continues to attack |
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| Market outlook & strategy | ||||
| Although window-dressing has lifted the SET, the overall mood is still fragile. Russia continues its military operations in Ukraine while investors fear stagflation and an inverted yield curve as 10-2Y bond yield spread is so narrow. SET upside is seen limited at 1,700-1,718 while we assign supports at 1,685 and 1,674. Tactically, select stocks with a growth story and less impact from external factors. | ||||
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| Company analysis | ||||
| AOT – Looking good for traffic recovery – Outperform | ||||
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