Sawasdee – May 13, 2022

Tags: SAT, PTT, OSP, IVL, GFPT, BEM, BDMS, BAM, AOT, SAWAD

Expected to rebound again from support of 1,574

Market today
The SET is still facing major pressures as world markets are concerned over hikes in interest rates to slow inflation rates and slowing economies, leading to downside for the SET. Supports are at 1,574 and 1,562, at which point a rebound is expected, and resistances are at 1,597 and 1,611.

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Company analysis
AOT – 2QFY22: In the red, as expected – Outperform
BAM – 1Q22: In line with expectations – Neutral
BDMS – 1Q22: Beat, with record high core profit – Outperform
BEM – 1Q22: Slightly below consensus forecast – Outperform
GFPT – 1Q22: Far above estimates – Outperform
IVL – 1Q22: Strong profit, beating estimates – Outperform
OSP – 1Q22: In line – Outperform
PTT – 1Q22: Misses on a huge hedging loss – Outperform
SAT – 1Q22: Beat market estimates – Underperform
SAWAD – 1Q22: Slight miss on NIM and opex – Outperform
THRE – 1Q22: The final nightmare quarter – Underperform
TQM – 1Q22: Slight miss; disappointing on all fronts – Outperform