in the export and tourism sectors 3) Low level of inflation - impacting manufacturers ability to determine pricing and 4) Strengthening of the Thai Baht - 6.7% against the US Dollar since the beginning
first five months of 2017 totaling 14.3 million, a 2.7% growth 3) Agricultural sector also improved from the increased in global agricultural prices and sufficient water level led to favorable farming
six months of 2017 totaling 17.3 million, a 4.4% growth 3) Agricultural sector also improved from the increased in global agricultural prices and sufficient water level led to favorable farming
may lower farm income and 4) on going high level of household debt limiting household consumptions. Meanwhile, in the auto industry, the total number of car sales for the first five months of 2019 still
high level of household debt limiting household consumptions. Meanwhile, in the auto industry, the total number of car sales for the first six months of 2019 still showed an expansion with sales for the
namely 1) Structural changes in Thai economy, particularly high level of household debt, that leads to low level of consumption 2) Escalating trade tension between US and the rest of the world, which could
high level of household debt limiting widespread consumption 2) Escalating trade tension between US and the rest of the world including a slowdown in the Chinese economy which could negatively impact
baht per person per day. To this end, Thailand’s upcoming 13th National Economic and Social Development Plan for 2023-2027 prioritizes achieving high-value, eco-friendly economy, society of opportunities
considered as a normal level for the business at the beginning stage launching new products into the market which requires high spending. 4. Financial Position of the Company and its Subsidiaries (Unit: Baht