Sawasdee – January 11, 2022

Tags: ZEN

Fears of Fed tightening weighing on the mood

Market outlook & strategy
The market lacks support today and will be weighed by concerns over rising omicron cases and Fed’s monetary policy tightening. Investors should keep an eye on Powell’s testimony to Congress and what he says about rate hikes and QT. The SET is likely to drop and we assign support line at 1,648 and 1,638. Tactically, we recommend buy selectively or speculate cautiously. After 50% of the core portfolio is placed in our ’Yearbook 2022: 10 Top Picks’ and blue-chip stocks, it is time to take the sidelines.

Company analysis
ZEN  – Raising prices as food costs rise – Outperform