We expect the SET Index to drift sideways up in January although earnings speculation may come into play, as will the looming dissolution of Parliament by March or earlier to make way for the election.
And while the resumption of travel from China will create positive sentiment, the surge in daily infections following the end of Covid restrictions in the country remains a concern. Among the key factors affecting sentiment:
Earnings plays: We forecast aggregate 2022 net profit of companies in the SET Index to reach 1.05 trillion baht. The strong earnings outlook might underpin the market until late February.
Domestic politics: While political parties are already actively campaigning, we expect Parliament will be dissolved in March, close to the end of its mandated term, with the…
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