low gross margins because of the relatively high competition. Cost of equipment for lease of the Q4–2020 greatly increased from Q3–2020 and Q4–2019. This is because some projects of equipment for lease

other persons in a manner which is similar to or which is in competition with the operation of the management company except where the management company can show that its organizational structure does

of healthier growth from stabilized competition coupled with the trend of increased consumption and usage, especially from a recovery in tourism-related activities. The continuous efforts to promote 5G

projects of the government and state enterprises have slowed down and increased more competition in the market. The majority of the Company's revenue recognized in 2023 comes from government and state

TTTBB acquisition and good momentum in organic performance, with expanded economic conditions and a stabilized competition outlook. The key is to deliver convergence across our services leveraging our

to improved sales growth. Page 5 of 10 Management Discussion & Analysis Q3/2024 Revenue from the wholesale business declined in the dealer segment due to competition from major players in each region

constrained by high household debt. Fierce competition continued and each bank attempted to develop products and services to serve customers through digital channels. New business models, together with insights

similar to, or in competition with the business of the Company. 2) Using the number of ‚net cash flows from operating activities‛ which is the number audited by the licensed auditors instead of the

Companies, LH Financial Group Public Company Limited was rated in the top level of "Excellence : 5 Stars" for third consecutive year. Overview of Economy and Competition in Commercial Banking In the first

continued declining due to intense competition in Thailand reflecting falling in revenue from fish feed which dropped by 23.69% comparing to 2017 from lower sales volume of fish feed. Furthermore, revenue