Sawasdee – July 5, 2022
Hit by concerns on pressure on fund flows from the economy and weaker Thai baht |
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| Market today | ||||
| The SET is seen to have limited room for recovery with resistances at 1,570 and 1,578 as it lacks any real support. Overall, the market is likely to decline with a support range between 1,545 and 1,550, continuing to feel the pressure from worries of a recession brought by interest rate hikes by central banks and a weakening Thai baht and the effect these will have on fund flows. | ||||
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| Company analysis | ||||
| ADVANC – Key focal point is approval at JASIF – Outperform | ||||
| PTTEP – Profit to double QoQ to record high in 2Q22F – Outperform | ||||
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