Commercial Banking In 2019, the Thai economy grew at a slower pace than the previous year and below its potential. Growth is estimated at 2.5%, the lowest level since 2015 and a significant drop from 4.1% in
together with robust capital fund and reserves. LH Financial Group Public Company Limited Management Discussion and Analysis for the Third Quarter ended 30 September 2020 Page 4/19 Credit Rating LH Financial
year.The project is a collaborative effort with (1) the Thai Bond Market Association, (2) TRIS Rating Co., Ltd., (3) Fitch Ratings (Thailand) Co., Ltd., (4) Bond Electronic Exchange (BEX), (5) Thai Listed
operations include (i) natural gas price and coal price that continued to drop further from previous quarter resulting in lower costs of sales and increasing industrial customers sales margin in spite of the
significant event). SIM & device sales were Bt6,368mn decreasing 0.6% YoY and 15% QoQ. The drop QoQ was mainly from lower sales of high- tier products. Net margin was -1.1% , compared to -6.7% in 1Q17 and -0.6
-value customers, causing the drop in acquisition rate. The growth is expected to gradually improve with long-term targets maintained. On the other hand, existing customers showed a continuing ARPU uplift
reported at Bt7,615mn, declining 5.3% YoY mainly from higher network and license D&A but increasing 11% QoQ following EBITDA expansion and a slight drop in D&A. Financial position (TFRS 15) As at Mar- 19
travelers segment revenue declined further due to border closure and travel restriction. In addition, NBTC’s mandate for free data & voice in Apr-May caused significant drop in prepaid top up, while the
increase of 1.7% YoY, from growth in broadband and non-mobile enterprise revenues. High competition and rising inflation put pressure on mobile revenue resulting in a -0.5% YoY drop. The FBB business