Recommendation: Hold Cash
Asian bourses collapsed on concerns over prolonged high US interest rates while the baht weakened below 37 baht/dollar. There is thus risk that...
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Today's Dominant Ideas
Technically, the SET Index is expected to move downward, with the resistance at 1,580/1,585 points and the support at 1,556 points (10-day...
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Downbeat 2023E GDP Growth After Weak 2Q23 GDP Reading
The National Economic and Social Development Council (NESDC) reported Thai GDP growth for 2Q23 at +1.8% YoY, marking a slowdown from the previous...
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Wider Downside
The SET's EPS projection was downgraded by 1.0% on July 12, 2023, the first day of the 2Q23 earnings results announcements (-0.5% MTD, -10.0%...
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Keep a Close Watch on the Thai Economy
Mounting concerns regarding an economic slowdown have also driven the BSI to plunge below 50, marking its lowest point this year. This creates...
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