79% Retained earnings 51,382 15% 50,239 14% Credit Rating Others 24,307 6.9% 24,604 6.9% Fitch National rating: AA+ (THA), Outlook: Stable Total Equity 75,689 22% 74,843 21% S&P BBB+, Outlook: Stable
complete the first franchisee contract by this year Outlook on business opportunities from lift of curfew measures With the government measures to control the spread of COVID-19 pandemic, especially the
with continued growth in card spending. However, although the overall economic growth rate of the country has a better outlook, it is lower than the situation prior to the Covid-19 pandemic, especially
rate of the country has a better outlook, it is lower than the situation prior to the Covid-19 pandemic, especially the government investment and consumption, although it has a better outlook since the
the beverage dispenser (Celli counter beverage dispenser) to a client in CLMV. The Company also organized the marketing activities to educate the water quality, which is consistent with the business
Commart events in 2022 which were organized three times, compared to two times in 2021. (2) Branch expansion and renovation, which in 2022 the Company had opened 10 new branches located in shopping malls
the new businesses to alleviate this impact. These new businesses will gradually generate more profits in the subsequent quarters. For 2H19, the Company remains fairly positive in its outlook for the
warrants exercise LTM 3Q18 Operating Cash Flow of $1,037 million Net Operating D/E ratio 0.53x; Rating Upgrade to AA- with “Stable Outlook” 2019 Guidance reaffirmed; attractive and accretive production
Equity stood at 39.5% which decreased from an increase of shareholders’ equity. 5 Forth Smart Service Public Company Limited (FSMART) 1Q18 Management Discussion and Analysis 2018 Management Outlook