impacted by declining global demand, which has also led to a deceleration of private consumption as a result of lower employment, particularly in export- related manufacturing sectors. Elevated household
to remain fragile as overall purchasing power has not yet recovered, and household debt remains at a high level. The operating result of the Company in this quarter is still in line with the plan
level of household debt and conservative spending are continue to hinder domestic consumption by limiting consumption with only necessary items, decreasing in spending frequency and low- price. The
equipment, household electric appliances and automotive electronic products. The main products are DC- DC Converter, Power supply for Computer & Server, Custom Design product, Automotive electronic product
applied to computer, server, office automation equipment, household electric appliances and automotive electronic products. The main products are DC- DC Converter, Power supply for Computer & Server, Custom
regulations which will take effect in 2020, especially the Thai Financial Reporting Standards (TFRS9), and capital requirements, as well as other additional measures intended to mitigate the household debt
Budget Act and drought. Furthermore, domestic spending may be limited due to weakening purchasing power and hefty household debt. Apart from economic woes, businesses face numerous other challenges that
accelerated to grow. Regarding domestic demand, private consumption slowed down as a declining household income and employments, particularly in export-related manufacturing sectors. According to the slowdown
growth in exports 2) political uncertainties which may inhibit investments and consumptions and 3) high level of household debts still limiting consumptions. For the auto industry, expansion continued