Be wary of weakening to reduce heat
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Market today
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| The SET rose and moved around 1,600 while a technical signal indicated entry into the overbought zone. It is likely and be cautious of a switch to weakening to reduce the heat; in the short term the upper bound is limited at around 1,610–1,620, and the lower bound is at a support of 1,589. If it goes lower, it will be a negative signal. Key point to follow is the US July inflation report on Wednesday. |
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Company analysis
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ADVANC
- 2Q22: Core earnings in line - Outperform
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GPSC
- 2Q22: Better QoQ but still weak - Neutral
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MAKRO
- 2Q22: Slightly below estimates - Outperform
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TU
- 2Q22: Slightly above estimates on FX gain - Neutral
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