population and relatively low consumption level primed for expansion. OSP also leveraged its strong expertise in glass manufacturing in the overseas market, investing in Myanmar’s only glass bottle factory
household consumption index continued to expand but the recovery in consumption of low-income households remained subdued, reflecting growth in limited sections. Moreover, growth in tourism industry failed to
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
household debt, that leads to low level of consumption 2) Escalating trade tension between US and the rest of the world, which could negatively impact export and investment 3) Less surplus of Thailand’s
improvements but certain limitations still remain 1) Structural problems in the Thai economy leading to a still low level of private consumption 2) The appreciation of Thai Baht due to the high current account
tourist and uncertainty in political situation . • Mobile business pressured by weak consumption: We are expecting mobile revenue to be under pressure from weak private consumption and hence continued low
Bt2,189mn, increasing 23% YoY and 7.4% QoQ due to strong subscriber demand in working and studying from home, partially offset by continued low price offering to address weak consumption which lowered ARPU
% YoY and 8% QoQ, since fundamental factors supporting the overall purchasing power remained soft and did not cover all areas, especially in the low income consumers, although overall private consumption
pressure during the low season and flood impact, temporarily boosting purchasing power and alleviating some local concerns. The mobile industry maintained positive sentiment despite the low season, along