protectionism if resume will threaten global and also the Thai economic growth. 2 For the auto industry, the first 9 months showed continuous recovery with the number of new car sales for the first 9 months of
the BOT will maintain the policy rate at 1.5% until the end of this year. For the auto industry, expansion for the second quarter continued especially in the small passenger car segment from the new car
year. For the auto industry, expansion for the second quarter continued especially in the small passenger car segment from the new car purchase as a result of the end of the first car scheme. The number
still expects that the BOT will maintain the policy rate at 1.5% until the end of this year. For the auto industry, expansion continued during the third quarter for both the passenger and commercial
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
Company Limited Phatra Securities Public Company Limited Kiatnakin Phatra Securities Public Company Limited Phatra Asset Management Company Limited1 Kiatnakin Phatra Asset Management Company Limited Phatra
still considered high compared to others in the PCB industry, although it is lower than the previous year. The decrease was mainly due to the impact of a change in foreign currency exchange rates and a
product quality (the company has been awarded ISO 13485, the Quality Management System for Medical Device Industry), which is an important tool in the competition and expansion of the market in the future
or 1.8 percent mainly from the increase in amortization on rights to operate completed expressway sectors and amortization on intangible asset under concession agreement of the MRT Blue Line Project