stimulus measures to support the economy while the BOT has reduced the policy interest rate. Thai Banking Industry The commercial banking sector in Thailand continues to face challenges from changes in the

, while we expect an impact, we do not expect this to be as severe as in the highly impacted sectors of the economy.” 2. Outlook The global Covid-19 pandemic has affected Thai Q1 GDP with estimates that the

V2 30/08/61 14:31 น. 0 V2 30/08/61 14:31 น. 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in the Second Quarter of 2018 The Thai economy in the second

positive market sentiment in Thailand and on the export markets.” Golden Lime Public Company Limited 4 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 MARCH 2018 2. Outlook Overall Thai economic

stores, have led to a severe contraction of the Thai economy in the 2nd quarter of 2020 which is expected to be the deepest recession ever recorded. On 8 July 2020, the Bank of Thailand further revised

system. 6. Financial Sector Master Plan Phase III – This is a five-year development plan from 2016-2020 to enhance the Thai financial system in four areas: (1) Competitive – Thai financial institutions are

government such as travel restrictions and the closure of venues considered high-risk areas including department stores, it is expected that the Thai economy in 2020 will have a severe contraction with latest

2019 2018 YOY % Operating profit 457.27 403.89 53.38 13.22% Depreciation 124.10 100.14 23.96 23.92% Amortization 78.25 73.92 4.32 5.85% EBITDA 659.62 577.96 81.66 14.13% 2. ECONOMIC SITUATION Thai

LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q1/2018 2 2. ECONOMIC SITUATION Thai economy in Q1/2018 continually expanded, supported by every economic engine especially merchandise exports, which were

follows. Overview The Thai economy in the first quarter of 2019 expanded by 2.8%, compared to a growth of 3.6% in the previous quarter, according to data from Bank of Thailand and NESDB. This was mainly