Sawasdee – August 4, 2022
Limited upside at around 1,600. Watch China’s reaction closely |
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| Market today | ||||
| The SET is seen to have short-term limited upside around 1,600 – 1,610 and is likely to then slow down to reduce the heat or face profit-taking. As for Pelosi’s visit to Taiwan, although there was no military confrontation, monitor China’s reaction as it may elevate its actions after the visit. Supports are at 1,586 and if below that, we can see a clear a weakening signal and the next one is 1,570. | ||||
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| Industry analysis | ||||
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Energy - Oil Refinery
- Expect solid 2Q22; BCP is top pick |
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