Sawasdee – May 10, 2022
Worries on a rapid hike in rates and economic slowdown pressuring the market |
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| Market today | ||||
| We expect the SET to continue to drop, pressured by worries the Fed will step up its interest rate by 75 bps at the next FOMC meeting to put the brakes on inflation and a slowdown in the economy. Supports are at 1,590 and 1,580 and the resistance range is limited at 1,618 and 1,628. A key point to follow is the US April inflation report on Wednesday, key to the Fed’s decision whether or not to raise interest rate. | ||||
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| Company analysis | ||||
| TU – 1Q22: Slightly above estimates on tax income – Neutral | ||||
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