SCBS 5/7/2565 : Prefer ADVANC PTTEP vs Negative Tech /Today BIZ moves to SET/Consumer/GS lower aluminum Positive CBG*** GS raises US core PCE to 4.2% YoY by end-2022 (from 4.0%) vs 4.7% in May, and expects core CPI to peak at 6.3% YoY in Sep before falling to 5.5% by year-end (from 5.1%) vs 6.0% in May.

GS lowers aluminum forecast to average $2,900 (from $3450) for 2022, and cut 3m/6m/12m forecasts to $2,750/3,000/3,750 for (vs prev $3,100/$3,600/$4,000).