Financial Group Public Company Limited Management Discussion and Analysis for the First Quarter Ended 31 March 2021 Page 3/19 Result of the Quality Assessment of the Annual General Meeting of Shareholders The
2.87 $/BBL, the refining margin still remains on the low side due to the crack spread of finished product and reference crude oil price declining significantly. A result of severe drop in demand for fuel
fair, efficient and transparent; and the reduction of systemic risk.3 Quality and integrity of the credit rating process CRAs should endeavour to issue opinions that help reduce the asymmetry of
11.4 percent. The mainly caused the high of competitive pricing in the market, especially decrease from the following product group in snack and page 3/6 confectionary such as Pop Secret, Nature Valley
, respectively. Private investment slowed to 2.8 percent from 4.1 percent in 2018 while manufacturing production declined 3.7 percent, in line with a low capacity utilization rate of 66.3 percent, below the five
power, as farm income continued to be constrained by low prices of agricultural products and nonfarm income remained lackluster. Moreover, high levels of household debt caused the generation of new loans
focus was on consolidation of branches with relatively low traffic to enhance service efficiency and maximize our sales and service quality in alignment with changing consumer behavior, as evidenced by
Competitive Environment Mobile market in 1Q19 continued to face pricing pressure. Although competition in postpaid segment has improved with most of low-tier fixed-speed unlimited plans discontinued, several
market-focussed verticals and will leverage our scale and management depth to further improve quality of earnings. The Lifestyle vertical serves global home and apparel business outside China from its
from the weakened household income especially in non-farm income together with the tightening of financial institutions credit approvals due to the deteriorations in asset quality. The non-durable goods