Weakening, lacking catalyst
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Market today
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The market lacks a catalyst and funds are expected to continue to flow out. Investors are waiting for 3Q24 US GDP and labor market figures to evaluate the Fed's interest rate direction. The index is likely to continue weakening with supports at 1450 and 1440, with the upper bound limited at between 1460 and 1470.
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Company analysis
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BEM
– Preview 3Q24F: To be another good quarter – Outperform
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DELTA
– 3Q24: Strong Core Earnings Driven by AI – Neutral
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ERW
– Preview 3Q24: Weak quarter – Neutral
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PTTEP
– 3Q24: QoQ drop in profit was in line – Outperform
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