Sawasdee – July 26, 2022
Be cautious on selling ahead of the FOMC meeting and US GDP report |
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| Market today | ||||
| The SET is expected to be pulled down by selling to curtail risk before the FOMC meeting on July 26-27 and 2Q22 US GDP on July 28; the SET is closed on those days for a long weekend. SET upside is limited with resistance at between 1,565 and 1,570, which is a limited short-term upside while support is between 1,535 and 1,545. | ||||
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| Company analysis | ||||
| KKP – Raised loan growth but cut provision targets – Outperform | ||||
| PTTGC – Profit in 2Q22F to dwindle – Neutral | ||||
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