steel consumption increased. Therefore, the steel product is expected to recover together with the liberalization of international trade begins to effective; rely on the time frame that each party has

which recover from 3.6% shrink in 1Q/2018 and however, shrink by 2.5% in September which make the market remain stable in 3Q/2018. This Revenue from sales by business Unit: THB million 30 Sep 17 30 Sep 18

Q4/2018 operating results, the loss magnitude should be less than the Q3/2018 results. The Company anticipates its performance to recover in 2019 with sales growth target of 5-10%, mainly supported by

crisis is a short-term crisis, and following removal of the government imposed measures, the operating results will be able to recover and grow continuously as planned. For our Hospitality business, as of

expect that economy would recover, compared to Q2/2020, from easing of the government’s lockdown measures. 3. WATER SITUATION As of 24 July 2020, the water supply situation in Chonburi and Rayong were in

, the government had carefully eased its measures to restore the business sector. Consequently, the business activities began to recover as well as the patients’ traffic was also gradually recovered

. By far, the Company believes that performance of hospitality business will slowly recover. Regarding residential business, the Company has perceived a sign of gradual recovery as number of walk

purchasing power in the coming quarter. Nevertheless, the business sector may recover within 3 – 6 months after the situation improves. 3. WATER SITUATION As of 1 May 2020, the water supply situation in

thoroughly affected, and this negatively impacts private consumption, along with exacerbated financial vulnerability among households and businesses, which will require assistance and time to recover. The

Central Retail Corporation Public Company Limited Management discussion and analysis /Page 1 Management Discussion and Analysis The Thai economy is expected to gradually recover in line with COVID-19