measures implemented to curb the outbreak. Durable goods segment also declined from the contractions in vehicle sales in line with the weakened household income from lower income, employment and consumer
consumption slowed down in almost all categories especially in services segment: hotels, restaurants and transportations from the various measures implemented to curb the outbreak. Durable goods segment also
go into daily necessities and non-durable consumer goods having inelastic demands. • Liquidity in the company remains high with cash and cash equivalents of US$0.6B and unutilized credit lines of US
competition and a decrease in crude palm oil price regarding to supply glut. However, the company has been improving the inventory management to be more efficient since the second half of 2018, resulted to the
travel restrictions which affect the number of both Thai and foreign tourists. In addition, purchasing power of consumers is thoroughly affected and this negatively impacts private consumption, although
purchasing power of mid-to-low labor segment. Furthermore, the drought season also decreases incomes of agriculture workforces, and as a result, FSMART (or the “Company”)'s total usage amount decreased
revenue from the core business in 2Q2020 was Bt666.61mn, decreasing 17.1% YoY, mainly from a decrease of the middle-to-low income population’s purchasing power due to drought and Covid-19 pandemic, as well
purchasing power has still not recovered. This is reflected in the consumer confidence index which remains at very low levels, with consumers remaining concerned over high levels of household debt and their
competitors’ kiosks, and the economic slowdown, which affects middle-to-low income population’s purchasing power. The details of total revenue are as follows: 1) Income from rendering of top-up service for
, residential areas with high spending power and populated in order to expand its reach to more potential customers. Focus on Expanding Oversea Branches During September 2023, the Company plans to open the 2nd