Sideways up, but still keep cautious view
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Market today
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| The SET is expected to rise with decelerating speed or move sideways up and has resistances at 1,636 and 1,643; technical signals indicate overbought and divergence, meaning the market might rest. We keep our cautious stance and suggest being careful about profit-taking after a lengthy rise in the SET. The lower bound is at support of 1,624 and a fall below that would be a negative signal. |
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Company analysis
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BTS
- 1QFY23: Far below consensus expectations - Neutral
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CPF
- 2Q21: Beat estimates on robust sales, margin - Outperform
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MTC
- Asset quality concern already priced in - Outperform
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NRF
- 2Q22: High net profit from extra item - Outperform
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