397.1mn in Q1/2019. GPM in this quarter also decreased to 11.7% from 28.6% in Q1/2019. The pressure on the GPM in this quarter was because the economic downturn which started since late 2019 had caused the

Vietnam, which demonstrated the strongest GDP growth in ASEAN with an estimated growth at 1.6%2 in 2020. On the domestic side, Thailand’s economic outlook remains uncertain due to pressure on both the

increase in the policy interest rate to cope with the pressure from the high inflation rate in the country, the Company was still able to effectively manage its financial costs. The Company recorded

the appreciation of the Thai Baht has led to the destination shift among the country’s target tourists. These factors have, undoubtedly, put pressure on the hospitality industry, which is the main

the appreciation of the Thai Baht has led to the destination shift among the country’s target tourists. These factors have, undoubtedly, put pressure on the hospitality industry, which is the main

the appreciation of the Thai Baht has led to the destination shift among the country’s target tourists. These factors have, undoubtedly, put pressure on the hospitality industry, which is the main

regulatory changes, especially new mortgage measures which will come into force in April 2019, implementation of the Basel III capital requirements, and preparations for International Financial Reporting

into force in May 2020. The actions include policy revision, process and technology update to support consent management and customers’ exercising of rights. Progress reports have been reviewed and

Dubai crude oil price in Q1/2019 adjusted downward by 4.89 $/BBL when compared to Q4/2018 in regards to pressure from diminishing crude oil demand stemming from major maintenance of refineries over in the

increase. Difference between Dated Brent and Dubai price in Q2/2018, on average decreased by 0.54 $/BBL when compared to Q1/2018 was due to high pressure from Dubai crude demand increasing during the Middle