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US actual gross home product (GDP) recovered to develop within the third quarter of 2022, whereas headline inflation started to say no, though the extent remained stubbornly above the Federal Reserve (Fed) goal .
Traders subsequently took discover of excessive inflation and anticipated coverage price will increase to proceed by way of 2023. As well as, the Worldwide Financial Fund (IMF) has lowered its international financial forecast for 2023 to 2.7 %. from 2.9 % beforehand forecast, indicating considerations. on the dangers of recession ensuing from the tightening of financial coverage to manage inflationary strain.
The Fed’s coverage price will increase enhance international monetary prices and strengthen the US greenback, which, in flip, might derail the restoration of different international locations the place their economies are nonetheless in a fragile state and unable to resist the volatility of capital flows that enhance liquidity issues and the rise in credit score. dangers
Inventory Change of Thailand (SET) Senior Government Vice President Soraphol Tulayasathien mentioned the IMF estimated that Thailand’s GDP development would rise to 2.8 % this yr and three.7 % in 2023 because of the return of overseas vacationers within the second half of 2022. and additional restoration subsequent yr. Particularly, he additionally predicted that inflation would gradual to shut to the Financial institution of Thailand’s goal in 2023 as a result of a gradual easing of supply-side strain in step with decrease commodity costs and restricted supply-side strain. Of demand. In consequence, the economic system normally and the Thai inventory market have remained sturdy. On the finish of October 2022, the SET index elevated together with different indices within the area.
October Highlights
-On the finish of October 2022, the SET index closed at 1,608.76 factors, 1.2 % greater than the earlier month, transferring in the identical course because the indices of the area’s counterparts. In comparison with the tip of 2021, the SET index decreased by 2.9 %.
-Within the first 10 months of 2022, the SET Index was pushed by industries that benefited from the reopening of the nation. In comparison with the tip of 2021, the industries that outperformed the SET Index had been the Providers, Assets, and Property & Building business teams.
-In October 2022, the typical every day buying and selling worth of SET and Marketplace for Different Funding (mai) amounted to THB 64.04 billion (roughly USD 1.68 billion), or a drop of 27.5 % from to the identical month of the earlier yr. For the interval from January to October, the typical every day commerce worth was recorded at THB 80.21 billion. Abroad buyers had been web patrons of THB 7.47 billion, leading to a web buy of THB 153.93 billion within the first 10 months of 2022. Abroad buyers managed the biggest share of commerce worth for the six consecutive months.
-As of October 2022, there was one new firm listed on SET, particularly Exact Company pcl (PCC), and three new corporations on mai: Twenty-4 Con & Provide pcl (24CS), Asia Medical and Agricultural Laboratory and Analysis Middle (AMARC)), and pcl Worldwide Community System (ITNS).
The Thai inventory market is among the many prime IPO venues in Asia by way of whole fundraising worth.
-The Thai inventory alternate’s ahead P/E ratio on the finish of October 2022 was 15.3 instances, increased than the typical of Asian inventory markets of 11.5 instances. The historic price-earnings ratio stood at 15.2 instances, above the Asian inventory market common of 10.4 instances.
-The dividend yield price on the finish of October 2022 was 2.83 %, beneath the typical of Asian inventory markets of three.41 %.
derivatives market
-In October 2022, the typical every day buying and selling quantity on the Thai Futures Change (TFEX) was 512,031 contracts, a drop of 24.4% from the earlier month, because of declining buying and selling quantity particular person inventory futures. For the primary 10 months of 2022, TFEX’s common every day buying and selling quantity elevated 1.3 % yr over yr to 559,866 contracts.
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