Page 2 Management Discussion and Analysis 1. Power Industry and Competition 1.1 Electricity industry and Economic situation in Thailand Thailand’s economy expanded by 2.4 percent in 2019, lower than 2018
flooding in various areas. Also, there was an intense competition in the industrial market. While sales volume of the retail market was slightly lower, consequently due to the seasonal factor which had lower
some periods in the quarter, the retail price was incongruous with the product cost. As for the industrial marketing, it dipped from intense market competition. Power Plant Business Group recorded
competition causing average fare to drop by 4.9 percent, specifically in Indochina routes. This was a consequence of rising number of service providers on similar routes/destinations. The average passenger load
airline business slightly declined by 0.6 percent from highly intense competition which caused the average fare to drop by 6.0 percent, particularly in Indochina routes. This was a consequence of increasing
competition in certain areas, such as Nakhon Ratchasima. Overall the Company continues to achieve the targeted rental rate growth for the rest of the shopping malls. The same store rental revenue excludes that
, despite intense competition in certain areas, such as Nakhon Ratchasima. Overall the Company continues to achieve the targeted rental rate growth for the rest of the shopping malls. The same store rental
Company, and it would be an excellent impact on the Company to maintain business relationships with this major customer and might be affected to the upcoming contract in the future. At present, 20% of the
’20 to support sales expansion in both energy drinks and functional drinks. Our growth plan will be supported by excellent execution and distribution expansion together with continued consumer-centric
mass transit and target niche segments incorporating excellent design concepts derived from the extensive experience of our partner. Construction of “The Unicorn” a mixed-use building adjacent to