, the value of merchandise exports expanded at a slower rate as the result of the economic slowdown in major trading partners, and the effect of protectionist trade policies between the US and China. The
in economic momentum, the Bank of Thailand revised down Thailand’s economic growth forecast for 2019 to 2.8% (as of September 2019); compared to previous projection at 3.3%. Moreover, the growth
of (i) Baht 469.24 million from Outright sales and (ii) Baht 67.51 million from installment sales. The Company believes this is due to the economic downturn which led to the slowdown of purchases of
outbreak. In 1Q20, overall economy was largely affected by the coronavirus disease (COVID- 19) outbreak globally, including the Thai economy, resulting a deep economic deceleration throughout the year. Thai
67.51 million from installment sales. The Company believes this is due to the economic downturn which led to the slowdown of purchases of real estate properties since 2019 3.3 NPLs by Portfolio
. Headline inflation was expected to fall below the lower limit of the inflation target. Therefore, the accommodative monetary policy will help meet the inflation target and support economic growth amidst
improvement in collection operation and continuously improving asset quality as well as positive sign of economic recovery. - Finance Cost In the fiscal year ended February 28, 2018, the Company’s finance cost
enhancements benefitting both the top and bottom line as we expect 2020 to be a more successful year” 2. Outlook Economic growth was approximately 1.6% in Q4 2019 compared to the same period last year with
expenditure of governmental sector and consumer of private sector. Those economic conditions influence the previous Quarter / that the Group gained more revenue from product distribution and service business at