Limited upside around 1,600, pressured by China-US tension
|
|
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 due to political tension between China and the US after the US House Speaker visited Taiwan, making China unhappy as well as continued concerns over a recession. Supports are at 1,580 and 1,570, in that order. |
|
|
|
|
Company analysis
|
GLOBAL
- 2Q22: In line with market estimates - Neutral
|
HMPRO
- Accelerating growth YoY in 3Q22F - Outperform
|
|
MST
- 2Q22: Poorer, tagging weaker capital market - Downgrade to Underperform
|
| |
FOLLOW US
SCB's Facbook INVX's Twitter