Sawasdee – June 1, 2022

Be cautious as bond yield starts to rise

Market today
We still take a cautious view on the SET. It is too soon to expect inflation to slow, and while bond yield began to recover, the Fed agreed to raise the rate by 50 bps until inflation slows down. Not only that, but the Thai baht has begun to weaken, causing a reduction in foreign inflows. The SET has resistances at 1,668 and 1,685 and supports at 1,642 and 1,632.

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SCBS data book
SCBS Data book  – A look back at May and ahead to June
 
Industry analysis
Petrochemicals – Fragile market sentiment persists 
 
Company analysis
AOT – Cleared for takeoff – Outperform