The Thai stock index on December 13, 2022 closed at 1,625.91 points, plus 2.78 points, with a trading value of 55,072.71 million baht, foreigners selling net 32.25 million baht.

Thai stocks rose slightly.

Get oil prices rebounding up

Encourages energy-petro stocks

But the increase is limited.

Wait for US inflation numbers.

That affects the direction of raising interest rates by the US Federal Reserve.

TISCO Securities issued an analysis, recommending CENTEL shares, stating that CENTEL remains positive on the bright outlook of the tourism sector.

Along with the average room rate is 18% higher than before the COVID period, better than competitors.

And the occupancy rate is expected to continue to be strong next year.

In addition, there are additional factors driving the price, CENTEL is expected to enter the SET50 around 1H23.

Another stock, RATCH, which has a positive outlook both from being a defensive stock that is resistant to economic uncertainties, expecting good earnings growth in 2023 and a Div. Yield higher than 4%. We also expect RATCH to enter SET50 round 1H23

Closing Asia Plus Securities

Analyzing the likelihood of a recession on the US economy, indicating that the inverted yield curve signal usually suggests the economy will enter a recession in the next 15 months, according to the National Bureau of Economic Research, based on a study of the recession in the US over the past 22 years. There are 3 recessions in the US: 1. Dot Com crisis during 2Q-4Q '01 2. Subprime crisis during 1Q '08- 2Q '09 and 3. Covid-19 crisis during Feb.-Apr. .65 found that economic indicators in the consumer sector

Manufacturing and labor sectors are all slowing down.

Pressure on the Dow Jones Index, down in the range of -12% to -35% or an average recession of -23%.

As for the economic impact on Thailand, if not counting the COVID-19 crisis caused by the epidemic, it was found that during the Dot Com and Subprime crisis, the economic growth in our country still grew at a slower rate.

But not as significantly negative as the US side, as reflected in 2001 GDP growth of 3.4% yoy and GDP growth during 18-09, an average growth of 2.1%.

Profits of listed companies in 2001 produced a turnaround from 2000. Profits in 2008-09 grew 16% yoy on average, but SETIndex turned down an average of -22.5%, which could be interpreted as coming from external sentiment rather than domestic fundamentals!!

Index 51