Sawasdee – August 2, 2022

Tags: ASP, PTTEP

Energy sector pressured. The market is likely to slow down at 1,600

Market today
The SET is seen to have short-term limited upside at 1,600 and is likely to then slow down to reduce the heat after an abrupt rise. In addition, oil price has fallen on concerns over a recession and will pressure the Energy sector. The supports are at 1,580 and 1,560, in that order.

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Company analysis
ASP - 2Q22: Miss on big investment loss - Downgrade to Underperform
PTTEP - 2Q22: Good profit as expected - Outperform