previous quarter. It declined -2.6% YoY as a result of price competition that remained earlier in the quarter before market pricing alignment in March. However, the YoY ARPU reduction was lower compared to
from the rainy season in 3Q but continued to benefit from increasing tourism-related usage and efforts to uplift the ARPU. The competition stabilized since the beginning of the year while operators are
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
; and global lead- ership in PET and Fibers businesses, place IVL as a uniquely diversified and integrated company in the con- text of its businesses. On a LTM basis, feedstock now contributes to around
$150, up 23% YoY, supported by strong momentum across our geographically diversified, integrated PET portfolio, while HVA business had mixed results, with gains in PEO and Packaging, offset by negative
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