Supported by US inflation slowdown. Be cautious of profit-taking
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Market today
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In the short term the SET is expected to zig-zag up and has resistances at 1,630 and 1,643 on support from a slowdown in US inflation. However, be careful of profit-taking after a steady rise in the market, as technical signals are now hot and make lead the market to pause for a breather. Lower bound of the market is at support of 1,606; if it goes lower, it would be a negative signal. Next support is 1,593. |
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Company analysis
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AOT
– 3QFY22: In line with SCBS, below consensus – Outperform
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AWC
– 2Q22: Profit on extra item, lower core loss – Outperform
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BCP
– 2Q22: Profit rose to the record – Outperform
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BDMS
– 2Q22: Beat estimates – Outperform
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BEM
– 2Q22: Within expectations – Outperform
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BGRIM – 2Q22: High gas cost continued to hit profit – Neutral
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BH
– 2Q22: Record high. Beat estimates – Neutral
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DIF
– 2Q22: Results on track – Underperform
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EPG
– 1QFY23: Missed on weak auto, high SG&A – Neutral
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GFPT
– 2Q22: In line with market but above SCBS – Outperform
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GULF
– 2Q22: Core profit remained solid – Outperform
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MINT
– 2Q22: Net profit beat but core profit in line – Outperform
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OSP
– 2Q22: Misses estimates – Neutral
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PSH
– 2Q22 was weak – Underperform
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PTT
– 2Q22: strong net profit growth reported – Outperform
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QH
– 2Q22: As expected by the market – Underperform
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SPRC
– 2Q22: stronger profit QoQ on high GRM – Neutral
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TCAP
– 2Q22: Beat on one-off gains – Neutral
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THANI
– 2Q22: Slight beat on provisioning – Neutral
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THRE
– 2Q22: The last red bottom line – Underperform
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ZEN
– 2Q22: Beat estimates on high revenue – Outperform
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