shareholders structure is as follows: LH Financial Group Public Company Limited Management Discussion and Analysis for the Third Quarter ended 30 September 2019 Page 3/22 Thailand's Private Sector Collective
launch, Saraburi Quicklime Entire Business Transfer to Golden Lime). The headwinds Golden Lime faced in 2019 were multiple : weak steel segment, a comparatively short sugar season due to draught conditions
activity in the first quarter of 2018 continued to expand from the previous quarter, driven mainly by the solid growth momentum of merchandise exports and the tourism sector. Private consumption continued to
sector the Thai economy continues to outperform with Q2 growth at 4.6% slightly below Q1 but remaining strong. Private consumption growth was robust in July and August, supported by higher consumer
the TV sector and traditional media have been in decline and is expected to be surpassed by OOH media (Outdoor, Transit and In- store media) and digital/online spending in the near future. Master Ad
consumption remained subdued amid concerns about the ongoing Omicron outbreak and rising inflation. The demand from the traveler segment also remained soft albeit slight increase in tourist arrivals. These have
by rising credit costs. These tighter lending conditions significantly affected domestic car sales, particularly in the pick-up truck segment, which traditionally relies heavily on availability of
continues to grow steadily, with relatively high gross profits. In Q3, the corporate client segment showed a recovery in private sector investment and a return to normal government disbursements, contributing
Thailand's Private Sector Collective Action Coalition Against Corruption’s Certificate LH Financial Group Public Company Limited, Land and Houses Bank Public Company Limited and Land and Houses Fund Management