Today's reports

Tags: AOT, ACE

Resting, but will not fall heavily

Market today
The Fed raised interest rate as expected. However, the signal of future rate hikes disappointed the market, and this and the banking crisis pressured the SET into a rest. Support is 1,560–1,570 while the upper bound is limited at 1,590-1,600, causing a short-term negative view. We believe the market already made a bottom at 1,519.

Company analysis
ACE – Slight progress in capacity growth – Neutral
AOT – Earnings accelerating ahead – Outperform