Sawasdee – April 12, 2022
Tightening monetary policy and COVID outbreak after long holiday |
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| Market outlook & strategy | ||||
| The SET is expected to fall ahead of the long holiday to reduce risk related to the FOMC’s tightening of monetary policy by raising rates after US 10-yr bond yield rose to a three-year high as well as a resurgence in COVID-19 cases after Songkran. We assign supports at 1,670 and 1,660, and a resistance range of 1,688-1,698. We suggest a “Selective Buy” strategy of selecting good-quality defensive stocks with positive drivers to reduce portfolio volatility. | ||||
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| Company analysis | ||||
| BDMS – Preview of 1Q22: Expect a record high – Outperform | ||||
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