Sawasdee – May 6, 2022
The rate raise by the Fed is a pressure |
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| Market today | ||||
| We expect the SET to drop, pressured by worries the Fed will step up its interest rate by 75 bps at the next FOMC meeting, though Powell earlier said it wouldn’t, plus an economic slowdown as hinted at in a number of quarterly earnings reports. US nonfarm payroll will be reported tonight. The SET supports are 1,635 and 1,625 and the resistance range is between 1,655–1,660. | ||||
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| Industry analysis | ||||
| Petrochemicals – Mixed 1Q22F results expected | ||||
| Company analysis | ||||
| BCH – Preview 1Q22: Earnings to slow; downgrade to Neutral – Neutral | ||||
| HMPRO – Recovery on course – Outperform | ||||
| LPN – 1Q22: A surge both YoY and QoQ – Underperform | ||||
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