take-home products. Executive Summary 2 Overall Operating Results of the Company in Q3/2020 Q3/19 Q3/20 9M/19 9M/20 Change +/(-) (THB million) YoY 9M Operating Revenue 312 198 (37%) 911 561 (38%) Gross

Thai Baht’s rise. Meanwhile, domestic interest rates dropped across all maturities. The Monetary Policy Committee (MPC) resolved to slash the policy rate by 25 basis points in its August 2019 meeting

traction from the first quarter. The ongoing economic rebound was mainly driven by exports and tourism, whereas domestic spending and investment only gradually picked up. Still, the economy has yet to see

speaking, Thai economic growth for 2017 is projected to reach 3.7 percent. Investment and government spending are expected to reinvigorate domestic economic activity, thus offsetting effects of slowing farm

seen in the final quarter of last year. Broadly speaking, the Thai economy may grow within a range of 3.2-3.9 percent in 2019, down from the growth of 4.1 percent in 2018. Improvement in domestic

signs of recovery especially in 4Q17 as evident by the more broad-based recovery from the external sectors to the domestic sectors. With exports registering a growth of 10.0% for the first 11 months of

of recovery especially in 4Q17 as evident by the more broad-based recovery from the external sectors to the domestic sectors. With exports registering a growth of 9.9% for total year 2017 comparing to

expansion. In total, the Group opened a total of 100 new branches, divided into 71 equity branches owned by the Group and 29 franchise branches both domestic and international. Most new branches were under

environment The Thai economy for the year 2018 expanded as expected according to its potential. For the last quarter of 2018, the economy continued to expand largely from domestic demands contributed both from

arrivals for the first 8 months of 2017 totaling 23.5 million, an increase of 5.4%. Nevertheless, several domestic factors pending recovery still remain 1) Agricultural sector - with farm income showing