Sawasdee – August 15, 2022

Tags: ZEN, AOT, AWC, BCP, BDMS, BEM, BGRIM, BH, DIF, EPG, GFPT, GULF, MINT, OSP, PSH, PTT, QH, SPRC, TCAP, THANI, THRE

Supported by US inflation slowdown. Be cautious of profit-taking

Market today
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
AOT – 3QFY22: In line with SCBS, below consensus – Outperform
AWC – 2Q22: Profit on extra item, lower core loss – Outperform 
BCP – 2Q22: Profit rose to the record – Outperform
BDMS – 2Q22: Beat estimates – Outperform
BEM – 2Q22: Within expectations – Outperform
BGRIM2Q22: High gas cost continued to hit profit – Neutral
BH – 2Q22: Record high. Beat estimates – Neutral
DIF – 2Q22: Results on track – Underperform
EPG – 1QFY23: Missed on weak auto, high SG&A – Neutral
GFPT – 2Q22: In line with market but above SCBS – Outperform
GULF – 2Q22: Core profit remained solid – Outperform
MINT – 2Q22: Net profit beat but core profit in line – Outperform
OSP – 2Q22: Misses estimates – Neutral
PSH – 2Q22 was weak – Underperform
PTT – 2Q22: strong net profit growth reported – Outperform
QH – 2Q22: As expected by the market – Underperform
SPRC – 2Q22: stronger profit QoQ on high GRM – Neutral
TCAP – 2Q22: Beat on one-off gains – Neutral
THANI – 2Q22: Slight beat on provisioning – Neutral
THRE – 2Q22: The last red bottom line – Underperform
ZEN – 2Q22: Beat estimates on high revenue – Outperform