Outlook Continued robust growth of Thailand Tourism industry 2017 Thailand tourism revenue increased by 9.5% from 2016 to THB 2.75 trillion, accounted for approximately 20% of GDP, contributed by revenue
enables the Company to focus on building the most robust O2O ecosystem in Thailand and designates MACO as the international business expansion vehicle for VGI. VGI successfully acquired 23% in Kerry
(“MACO”) will be completed in 3Q 2018/19. This restructuring enables VGI to focus on building the most robust offline-to-online or online-to-offline (“O2O”) ecosystem in Thailand and designates MACO as the
mobile business and cost control In 1Q21, core service revenue was Bt32,425mn, decreasing -2%YoY but increasing 1%QoQ from rebounded mobile revenue and robust growth in fixed broadband. Continuous 5G/4G
, strongly increasing 30% YoY due to robust demand from the continuation of the work-from-home trend, with a net increase of 93k subscribers in the quarter. Although price competition remained intense as
the uncertainties stemming from economic recession. However, our capital position – as of the end of the first quarter of 2020 – remained robust. As evidenced, capital adequacy ratio (CAR) of
at 220.2 percent. The Bank continued to focus on loan quality through robust control over credit underwriting and risk management while maintaining the allowance for doubtful accounts at prudent level
2020, credit demand from the business sector improved from the previous quarter, due to loan demand from large corporates and small and medium sized enterprises (SMEs) for working capital and refinancing
, resulting in 4.6% forecasted economic growth in the first quarter Economic outlook for Q2/2018 is expected to grow robustly, supported by promising outlook for merchandise exports as well as tourism. A robust
. Pricing impact on revenue: the company realized overall higher prices in Q4 compared with previous months on same-customer comparison basis given the robust demand and increased input cost pressure on all