discipline since 3Q22 by removing the freebies in the entry- level package while taking cautious steps to uplift the ARPU. However, the fragile cost-concern environment, especially for price-sensitive segments
(progressive completion until 3Q18) and CentralFestival Phuket (currently planned for renovation), and 3 projects under the management of CPNRF, namely CentralPlaza Rama 3 (expected completion by December 2017
outbreak control measures are being gradually relaxed and Vaccination is more progressive. 2). The effect of outstanding demand from the previous period and 3). Government measures that continue to bolster
outbreak control measures are being gradually relaxed and Vaccination is more progressive. 2). The effect of outstanding demand from the previous period and 3). Government measures that continue to bolster
the country while full vaccination remains low and vaccine supply posts another pressing factor. This raises the downside risk to the already weak economy, reflecting in fragile consumer spending and
outlook for 2H22 expects to remain fragile despite a sign of recovery in 1H22 due to inflation and continuous hike in energy price globally from the impact of Russian invasion of Ukraine which magnified the
for the rest of the year expects to remain fragile despite a sign of recovery in 1H22 due to inflation and continuous hike in energy price globally from the impact of Russian invasion of Ukraine which
for the rest of the year expects to remain fragile despite a sign of recovery in 1H22 due to inflation and continuous hike in energy price globally from the impact of Russian invasion of Ukraine which
(exclude spectrum) Approx. Bt30bn Core service revenue is expected to grow at low-single digit due to economic fluctuation. Thai economy outlook for the rest of the year expects to remain fragile despite a
1"" 10 J0% non-progressive rate 4. large exposure risk 4 1 "'(0 $ R )' #). (#%I#0# 4 E3K$1. (#%I#0# 4!4 .&. .&.+#-! .&. (#%I#0# 4 3' J00' % /0."). 3 1 .. 54 60 " 10 : ' # Large exposure risk