economic slowdown. According to the Bank of Thailand data, at the end of December 2019, the credit card industry reported the total numbers of credit card industry amounted to 23.6 million cards, has grown

their contract in the past year. Nevertheless, the company has grown in several countries such as The United States of American, Indonesia and Malaysia for instances. Gross Margin The company’s gross

quality assessment while the capital market has grown both in term of trading volume, a number of listed companies along with the introduction of new financial instruments and complexity of management

of its normal risk management using a delta-neutral hedging strategy. The Delta hedging strategy requires that the Company continuously adjusts its hedging position as the market moves up or down. If

of the Company. As of December 31, 2018, SPI directly and indirectly owned 25.91% of the total issued and paid-up shares of the Company. Furthermore, the Company and SPI has 2 common directors. Hence

our investments, as well as improvements in surplus cash management where we have invested surplus cash in money market products giving a better yield. Cost of Services While our revenue has grown 7.7

grown 7.7% compared year-on-year, the growth in our cost of service increased by 3.00mb or 2.1% to 147.42mb (Q2 2018: 144.42mb). The slower growth in cost is mainly due to improved productivity in our bid

Baht 0.22 million. Thai economy situation of the first six months of 2017 was trended to grown up separately in section. Export sector was tended to grow up well as well as tourism sector that kept

mentioned. Excluding such non- recurring income, 1Q18 revenues would have grown 9% QoQ, mainly from stronger performance of hotel business. Management Discussion and Analysis 1Q18 Consolidated Financial

of Thailand data, at the end of December 2016, reported the total numbers of credit card industry amounted to 23.2 million cards, has grown by 6% more than last year. Credit Card Receivables was