Sawasdee – April 28, 2022
To rebound but upside is still limited |
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| Market outlook & strategy | ||||
| We expect the SET to technically rebound today or stand on support at 1,640-1,650. However, the market lacks any positive factors and the trend is still downward. Fed rate hikes and QT are weighing down the market. We assign resistances at 1,670 and 1,683. 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 | ||||
| SCC – 1Q22: Slightly above estimates – Neutral | ||||
| SPALI – Expect growth YoY but fall QoQ in 1Q22 – Neutral | ||||
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