Now the SET is only +0.1% for the year and if you take into account the currency drop versus the USD, its rubbish.

Banks earnings are out, basically better than what most expected. And I’m still on my commodity rampage, just think about it, China is still locking down Shanghai, a semi-lockdown of Beijing, ASEAN is just reopening for tourism (just see the performance of the hotel names). Ukraine/Russia still ongoing (wars always last longer than people expect…hello Afghanistan?) and oil is still USD 100.

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