%. Moreover, the growth outlook still challenge with uncertainties especially from trade protectionist measures between US and China, global economy and trading partner economies would expand at a slower pace
shopping mall business, which is CPN’s core business, continues to perform strongly, especially on a same-store basis that continues to grow in terms of revenue and operating profit, which is in-line with
from slow investment from private sector and export sector. Additionally, Thailand’s tourism has shown slow pace from a drop in international tourist arrival, especially Chinese tourists (Source: The
impacts number of tourist arrivals especially from China, UK and Russia. The Company is now reviewing 2019 core revenue growth which mainly impacted by the overall economic slowdown. Dusit Thani Public
. Also, there were concerns about pockets of risks in the property market, further accumulation of household debt, and debt serviceability of SMEs, especially those affected by changes in structural
within the expected range 3.) strong tourism performance especially from increased foreign tourist arrivals from Malaysia, Japan, Hong Kong and India, despite having been affected by lower arrivals from
(for nine months of 2019, total revenue increased 10.3% YoY and net profit increased 6.2% YoY). The shopping mall business, which is CPN’s core business, continues to perform strongly, especially on a
Company expects the recovery of businesses within the shopping centers to vary from one tenant to another, especially the smaller business owners that may require more time to recover. Hence, the Company