Sawasdee – August 31, 2022
Limited upper bound and cautious risk of double QT |
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| Market today | ||||
| The SET is seen to have a limited upper bound at its previous high of 1,650. Overall, the market is expected to stay flat due to external factors: the Fed hike in interest rates and QT, which will double in value to US$95bn per month, pressuring liquidity. The lower bound is at supports of 1,630 and 1,620. | ||||
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| Industry analysis | ||||
| Petrochemicals - Product spread weak | ||||
| Company analysis | ||||
| AH - Downgrade to Neutral - Neutral | ||||
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