. Overall market environment Growth continued for the Thai economy during the second quarter of 2018 with further expansion in the external sectors namely exports and tourism in line with the expansion of the

market environment Growth continued for the Thai economy during the second quarter of 2018 with further expansion in the external sectors namely exports and tourism in line with the expansion of the global

: +662 661 6664 1 3Q19 IVL Performance Summary IVL reported 3.3 mmt of production volume (5% organic and 18% inorganic growth yoy). Organic growth reinforces the demand growth in our business. Inorganic

should continue to be accommodative so that the economic growth could continue and translate into the strengthening of domestic demand. Notwithstanding this, there are pockets of risks, such as debt

quarter continuously. Hence, the NESDB has cut down its growth forecast for the Thai economy in 2023 to the range of 2 .5 % which is lower than the earlier expectation, in which the supporting factors still

was expected to expand at a slower pace compared with the same period last year due to a contraction in merchandise exports and a slowdown in tourism growth resulting from uncertainty about the trade

to mid-single digit, while maintaining EBITDA outlook with low-single digit decline and CAPEX of around Bt35bn. Market and Competitive Environment In 3Q20, mobile competition remained stable as all

totaled Baht 1,386 million, an increase of 21.2% yoy from the growth in deposit consistent with the overall expansion in loan portfolio. Cost of funds for 1Q19 remained stable at 2.3% comparing to 1Q18. For

, AIS’ core service revenue dropped -3.2%YoY, while EBITDA (pre-TFRS16) still maintained growth of 1.8% with 45.5% EBITDA margin and NPAT decreased -7.1%. For FY20, our core service revenue and EBITDA

15.5 trillion (approximately US $455 billion). The value of Thailand’s exports in 2017 surged by 9.7 percent, the highest growth rate in six years, to US $235 billion, expanding every quarter for all key