Sawasdee – June 16, 2022
Recovery – as expected interest rate raised to tackle inflation |
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| Market today | ||||
| The SET is expected to recover in line with European and US markets overnight after the Fed raised interest rate by 75 bps as expected, generating hopes this will slow inflation. US bond yield declined and US dollar weakened. The SET has resistances at 1,615 and 1,625 and a support range between 1,580 and 1,590. | ||||
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| Company analysis | ||||
| AEONTS – Cut TP on rising pressure on cost of funds – Neutral | ||||
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MAKRO
– Expect more improvement in 2H22F – Outperform
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