Sawasdee – June 20, 2022

Tags: CRC, tourism

A chance to rebound if it closes between 1,540-1,550

Market today
After closing around support between 1,540–1,550, there is a chance the SET will rebound if it does not close below that. The SET decline reflects worries of an economic slowdown from higher interest rates, and outflows from PTT and its affiliates pressured the market, while easing traveling restrictions benefited the tourism sector and was positive to the market. The SET resistances are at 1,570 and 1,585.

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Industry analysis
Tourism – July 1: Thailand Pass, COVID-19 insurance gone
 
Company analysis
CRC – Growing with store expansion and revived SSS – Outperform