, resulting in 4.6% forecasted economic growth in the first quarter Economic outlook for Q2/2018 is expected to grow robustly, supported by promising outlook for merchandise exports as well as tourism. A robust

product portfolio. MACO is now also exploring potential opportunities to expand our network to neighboring countries in Southeast Asian. We are responding to robust economic growth in the region and the

, total investment, and a robust export growth. As of May 31, 2018, the Company’s total cards reached 8.24 million cards (including 2.52 million credit cards and 5.72 million member cards), net increasing

sector the Thai economy continues to outperform with Q2 growth at 4.6% slightly below Q1 but remaining strong. Private consumption growth was robust in July and August, supported by higher consumer

core objective of building a robust foundation for the financial reporting ecosystem, with a special focus on extending the efforts in promoting stakeholders’ better understanding of their roles and the

expended continuously following the campaign of visiting Thailand. Consumption sector remained not recover. Domestic expense was poor and buying power was weak because household debt remained stay in high

Segments-Production Volume and Core EBITDA Above is the analysis of the Company’s operational performance over a longer period of time. It is im- portant to review this performance in the context of a weak

recovery whereas non-durable and semi-durable goods namely food and apparels still contracted, pointing to a still weak grass-root economy. Private investment also showed signs of recovery that is consistent

that showed sign of recovery whereas non-durable and semi-durable goods namely food and apparels still contracted, pointing to a still weak grass-root economy. Private investment also showed signs of

even more is planned in the quarters to come. - Weak demand due to pre-buying in December 2018 thus impacting demand in 1Q19. Expectedly, margins are improving led by the demand growth in 2Q19 in