MANAGEMENT DISCUSSION AND ANALYSIS FOR 2017 2 2. ECONOMIC SITUATION Thai economy continually expanded supported by every economic engine especially merchandise exports that were uplifted from global trade
continuous consumption of private sector mainly covering with supportive factor from recovery of internal demand of several countries. In the meantime, Thai economy still has continuously expanded in the same
showing an expansion with sales for the first five months totaled 437,722 units, growth of 9.1%. The passenger vehicle and commercial vehicle segment expanded by 11.7% and 7.5% yoy respectively with growth
first six months totaled 523,770 units, growth of 7.1%. The passenger vehicle and commercial vehicle segment expanded by 8.5% and 6.2% yoy respectively with growth supported by the improvement in farm
2019 showed a slowing down trend with sales for the first eight months totaled 685,652 units, growth of 4.2%. The passenger vehicle and commercial vehicle segment expanded by 6.0% and 3.1% yoy. The slow
showed a slowing down trend with sales for the first 9 months totaled 761,847 units, growth of 2.0%. The passenger vehicle and commercial vehicle segment expanded by 5.0% and 0.2% yoy. The slow growth is
housing loans. Hire purchase loans amounted to Baht 109,575 million, expanded by 1.8% from the end of 2019. New hire purchase business volume booked during 1Q20 totaled Baht 11,918 million, increasing by
expanded service coverage to more suburban areas with affordable entry packages while providing superior connectivity and service quality, as well as our efforts to reduce the churn rate. However, the
construction of the new Latkrabang factory was completed and production capacity of Phase 3 was partly expanded, which led to solid revenue growth and profitability. We still experienced a number of challenging