PROPERTY INDUSTRY - HOMEBUILDERS AND REAL ESTATE DEVELOPERS

TRIS Rating expects the demand for housing to strengthen by 5%-10% this year. We expect the recovery of the domestic economy, the revival of the tourism industry, and the reopening of several countries, especially China, to outweigh the negative impacts resulting from the reimposition of loan-to-value (LTV) rules and rising interest rates.

Oil Refinery and Retailer

Dubai crude oil price was expected at USD97 per barrel (bbl) in 2022 and USD80-USD95 per barrel in 2023.

TRIS Views - 2022-2023 Thai Economic Outlook

TRIS Rating views that the Thai economy will grow by 3.2% in 2022 and 3.7% in 2023, revised upward from the previous forecast in September 2022 of 2.9% and 3.5%, respectively.