, product bundling, and service excellence. AIS also continues its focus on enterprise customer segments that provide solid margins to grow enterprise non-mobile revenue. Positive momentum in Mobile from

global economy due to financial market tightening and macroeconomic headwinds which created contraction risks, especially for Thai export sectors. Nonetheless, private consumption showed a sign of

depreciation of Thai baht, especially in exports, tourism, and service sectors. Revenue from non-mobile enterprise business recorded Bt1,310mn, with strong growth of 38% YoY and 5.5% QoQ. AIS maintained the

markets went into a tailspin, whereas turbulence was seen in manufacturing, service and tourism sectors, which in turn dampened domestic spending sentiment. The situation adversely affected the government’s

3.3 Customer Segments and Services 11 3.4 Service Channels 16 3.5 Awards and Commendation 19 4. Operating Performance and Financial Position Analysis 20 4.1 Operating Performance 20 4.2 Financial

3.1 Sustainable Development and Corporate Governance 9 3.2 Business Directions of KASIKORNBANK and the Wholly-owned Subsidiaries of KASIKORNBANK 10 3.3 Customer Segments and Services 11 3.4 Service

reflects the release of built-up inventory in China during the quarter. Final demand in both segments is resilient. IVL reported a higher OCF of US$265M in 4Q19 driven by lower working capital requirements

KASIKORNBANK 7 3.3 Customer Segments and Services 9 3.4 Service Channels 12 3.5 Awards and Commendation 15 4. Operating Performance and Financial Position Analysis 16 4.1 Operating Performance 16 4.2 Financial

worldwide and has affected the world economic conditions, and Thai economy has been affected since the middle of the first quarter, especially in the tourism and export sectors. Combining with the government

to the first 9 months of 2019. This is due to the fact that businesses in the banking and insurance sectors began to bring technology into their business operations, resulting in a significant increase