20231030-ADVANC-MDA-3Q23-EN 3Q23 MD&A Advanced Info Service Plc. 1 Executive Summary 3Q23 illustrated AIS core business growth from quality focus despite low season challenges. 3Q23 Thai economy
services, harmonizing people and processes, and aligning products to deliver enhanced broadband experience. Enterprise services maintained the growth from digitalization demand amid economic challenges Non
- denominated debt. Economic Outlook for 2020 In 2020, Thailand’s economic growth will likely slow to the range of 1.9 - 2.3 percent on account of several challenges. External factors include a sharp drop in
time to be overcome. Moreover, several other challenges still lie ahead. These include intensified competition between banks and non-bank players amid the fast-changing technology, the National e-Payment
to be a tough year for KCE. The Company experienced a number of challenges, such as the slowdown in the world automotive market that caused a delayed startup of new projects in the current year
consumer sentiment worsened. As in the previous quarter, in Q4 the main lime consuming sectors of the industry were impacted by the macro economy. However, despite the current challenges in the economy
with significant long-term growth potentials. Overcoming challenges, Nirvana underwent a reverse acquisition in January 2017 and it is now incorporated and listed in mai under NVD. The Company’s landed
2015, whereby Singha Estate invested in Nirvana, a mid-sized housing development company with significant long-term growth potentials. Overcoming challenges, Nirvana underwent a reverse acquisition in
added to the health and safety team in order to ensure improvements are swift. Business wise 2019 has started well despite challenges in the macro economy and some of the key market segments along with
we expect challenges in terms of volumes. Lime export growth in Thailand has is strong at 33% year to date which is supportive of the domestic market where Golden Lime and Saraburi Quicklime combined