Sawasdee – July 14, 2022
Going down, battling interest rate worries as inflation remains high |
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| Market today | ||||
| The SET is expected to drop, pressured by worries of continued interest rate hikes by the Fed, expected at possibly as much as 100 bps at the end-July meeting, as June US inflation shot up to a forty-year high. The SET has supports at 1,530 and 1,520, and its upside is limited between 1,560 and 1,570. | ||||
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| Industry analysis | ||||
| Petrochemicals – Mixed impact of cheaper naphtha on spread | ||||
| Company analysis | ||||
| IVL – Expect 2Q22F profit to remain strong – Outperform | ||||
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