Sawasdee – May 17, 2022
Expected to rebound but with limited upside |
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| Market today | ||||
| The SET is still facing major pressures from hikes in interest rates to slow inflation and slowing economies, leading to downside, but it is likely to rebound in the short term. Supports are at 1,574 and 1,562, at which point a rebound is expected, and resistances are at 1,597 and 1,611, showing limited upside. | ||||
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| Company analysis | ||||
| ACE – 1Q22: Normalized profit improving YoY – Neutral | ||||
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BCH
– 1Q22: Below estimates – Neutral
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BGRIM
– 1Q22: High gas cost continued to hit profit – Neutral
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BLA
– 1Q22: Slightly below expectations – Outperform
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CHG
– 1Q22: Beat from high EBITDA margin – Neutral
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CPF
– 1Q21: Beat estimates on margin – Outperform
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ERW
– 1Q22: Beat on lower interest expenses – Outperform
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ESSO
– 1Q22: Driven by stronger GRM and stock gain – Neutral
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GULF
– 1Q22: Profit remained on an upward path – Outperform
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LH
– 1Q22: Slightly above estimates – Outperform
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MINT
– 1Q22: Miss on lower EBIDTA margin – Outperform
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SPRC
– 1Q22: Profit surge despite oil spill expense – Upgrade to Neutral
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ZEN
– 1Q22: Missed estimates on gross margin – Outperform
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