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.

Industry Research - Commercial Property

Revenues of most operators are expected to improve but still below the pre-covid level. The pace of recovery of office space developers is likely to be slower than retail developers during 2022-2024.