Moving between 1,600 – 1,628. Follow US inflation report
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Market today
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We expect the SET to move between 1,600–1,628, supported by foreign fund inflows as the Thai baht continues to appreciate. However, we expect limited short-term upside as investors expect the US inflation report, to be released tonight, to show a slowing as forecasted. The MPC is expected to raise rate by 25 bps at its meeting today. |
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Industry analysis
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Petrochemicals
– Naphtha-based producers to benefit
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Company analysis
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AP
– 2Q22: Up YoY but down QoQ, as expected – Outperform
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DCC
– 2Q22: In line with our estimates – Neutral
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GGC
– Solid 2Q22 profit was in line – Neutral
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IRPC
– 2Q22: Strong profit, as expected – Neutral
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JASIF
– 2Q22: Earnings in line – Neutral
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MTC
– 2Q22: Robust loan growth with provision hike – Outperform
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SPALI
– 2Q22: Net profit 30% above estimates – Neutral
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THREL
– 2Q22: Up YoY, down QoQ as expected – Upgrade to Outperform
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