be effective in 2020, the Thai commercial banking system will be more stable and able to support loan expansion in the next phase. Overall Picture of the Bank and its Subsidiaries Million Baht Item
Competitive Environment In 4Q17, the mobile competitive landscape was stable in terms of both handset campaigns and pricing. Postpaid segment continued to be a key focus with handset campaigns to gain new
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
recorded a total revenue of Bt42,757mn, increasing 1.2%YoY on the back of higher handset sales, but decreasing -6.8%QoQ following the ongoing effect of the COVID-19 pandemic and market competition. Core
measures to prevent and contain the Covid-19 outbreak, as well as from ongoing infrastructure investment. Headline inflation in the second quarter of 2020 was -2.66 percent, down from 1.08 percent in the
Mobile competition in 1Q21 was stable as the price point for unlimited plans had been maintained. Although the industry attempted to uplift ARPU by introducing larger unlimited package, the new acquisition
convergence strategy to accelerate growth. Enterprise services continue to witness cautious spending in the Thai private sector due to ongoing global economic and financial risks. Nonetheless, a genuine demand
term. In addition to achieving revenue growth, the company-wide cost optimization is ongoing and translated into EBITDA expansion of +9% YoY and +2.4% QoQ to stand at Bt18,905mn, a reported margin of
all android handsets, to exhibit leadership in 4G. Handset subsidies remained stable and more targeted; however, the competition in fixed- speed unlimited plans has challenged an ability to increase
Thailand remained stable. Capital funds and reserves were at a high level and were able to support the challenges of uncertain economic conditions. The performance of the Thai banking system improved, mainly