Sawasdee – August 24, 2022

To fluctuate between 1,626 and 1,643

Market today
The SET is expected to move between 1,626 and 1,643 on uncertainty over the Fed’s interest rate decision next month, whether it will raise rate 50bps or 75bps, as well as the FOMC annual meeting at the end of this week. Here at home, follow the political issue regarding the prime minister’s 8-year tenure and whether the Constitutional Court will accept the petition. Support is continuing to be provided by fund inflows.

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Industry analysis
Petrochemicals - Naphtha price down to 9-month low
 
Company analysis
MAKRO - More improvement in 2H22F - Outperform