Sawasdee – July 4, 2022
Weakening Thai baht stimulates outflows of fund flows , pressuring the market |
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| Market today | ||||
| The SET is seen to have only limited recovery with resistances at 1,585 and 1,600 as the market lacks any real support. Overall, the market is likely to decline with supports at 1,560 and 1,550, continuing to feel the pressure from worries of a recession brought by interest rate hikes by central banks and a weakening Thai baht, bad news as it will lead to fund outflows. | ||||
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| Company analysis | ||||
| TU – Red Lobster to hit 2Q22F earnings – Neutral | ||||
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