Upside is limited by many risks
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Market outlook & strategy
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| The SET is likely to be limited to the year’s high of 1,718. Technical analysis shows no sign of a move downward but concerns over stagflation and an inverted yield curve are eroding market mood. We assign a sideways upper bound at 1,718 and lower bound at 1,685-1,690. Tactically, select stocks with a growth story and less impact from external factors. |
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Industry analysis
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Automotive
– Strong bookings at the Motor Show |
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Company analysis
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CPF
– Expect 1Q22F core loss to narrow QoQ – Outperform
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PTTEP
– Non-recurring item shadowing 1Q22F – Outperform
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