private consumption and total investment were constantly expanding. However, Thai economy still faces external risk such as U.S. monetary and trade policy and global economic uncertainty. As of August 31
pandemic. The pandemic severely affects both external and domestic demand in tourism, manufacturing, and exporting sectors, as well as softens private consumption indicators. The outbreak also led to
shrinking of the export sector due to lower demand from overseas trading partners. In addition, this has negatively impacted local economic activity, particularly consumption and investment in the private
% in the previous quarter, driven mainly by a slowdown in domestic demand and private consumption. The exports sector fell sharply due to the continued strength of the baht, while tourism sector also
(46%) (33%) 3,175 3,359 6% Gross profit margin* (%) 27% 24% 22% (2%) (5%) 24% 26% 2% Net profit margin (%) 15% 13% 8% (5%) (7%) 16% 14% (2%) * Exclude costs of depreciation and amortization 1 Operation
, buoyed by strong recoveries in tourism and exports. This growth momentum is expected to carry on into 2018, especially amid a brighter outlook in public and private investment. Nonetheless, the business
joint venture company between the Company’s overseas subsidiary, Carabao Holdings (Hong Kong) Limited (“CHHK”), and an unrelated party of Singaporean business partner, Intercarabao Private Limited (“ICSG
) Steady growth in private consumption from stimulus packages and recovering agricultural product prices from production expansion and 4) Other supporting factors, such as government spending and other