Sawasdee – August 5, 2022
Negative if below 1,586. Energy sector pressuring the market |
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| Market today | ||||
| The SET is seen to have short-term limited upside around 1,605 – 1,620 and is likely to slow down as falling oil price will pressure the market via the Energy sector. The lower bound is at a support range of 1,586 and if it goes lower, it would be a negative signal and a clear turning point. The next support is at 1,576. Key point to follow is the US inflation report for July next Wednesday, with the market expecting a slowing in inflation. | ||||
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| Company analysis | ||||
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BBL
- Top NIM expansion with low asset quality risk - Outperform
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LPN
- 2Q22: Up YoY but down QoQ - Underperform
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PTT
- Stronger profit expected in 2Q22F - Outperform
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