Sawasdee – August 8, 2022


Limited short-term upside. Follow US inflation report

Market today
The SET is seen to have short-term limited upside around 1,610–1,620; beware of weakening by profit-taking to reduce risk before the US inflation report on Wednesday. Additionally, US employment report last week showed a higher rise than expected, generating concerns about the Fed’s interest rate hike path. The lower bound is at supports of 1,594 and 1,586 and if it goes lower, it would be a negative signal.

Company analysis
AOT – Preview 3QFY22: Losses down YoY and QoQ – Outperform
STANLY – 1QFY23: Weak YoY and QoQ – Neutral