namely 1) Structural changes in Thai economy, particularly high level of household debt, that leads to low level of consumption 2) Escalating trade tension between US and the rest of the world, which could
household debt, that leads to low level of consumption 2) Escalating trade tension between US and the rest of the world, which could negatively impact export and investment 3) Less surplus of Thailand’s
high level of household debt limiting widespread consumption 2) Escalating trade tension between US and the rest of the world including a slowdown in the Chinese economy which could negatively impact
%. The unemployment rate in 1Q/2024 was 1.01%. However, the K-shape recovery causes household debt (seasonal adjusted) to continue climbing up from 90.7% in the 1Q/2023 to 91.4% in 1Q/2024. For the 1Q/2024
ability, which may curb demand for secured loans, especially housing loan. Meanwhile, debt quality still needs close watch given the complexity of its management, taking into account the tackling of
Dollar during the year of 2019. As a result, the Company has increased distribution channels to export content and there were account receivables in the ending balance, resulting in loss on exchange rate
capitalized device subsidies. Considering the entire contract term, profitability of the contract remains the same. Please note that our guidance for FY19 provided on page 6 does not take into account TFRS 15
amid high household debt, whereas public investment and the government’s budget disbursement were affected by a delay in the formation of a new government. Nevertheless, economic stability remained sound
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