quarter of 2018, the Thai economy expanded well, driven by both growth in the foreign sector and gradual improvements in domestic demand. Merchandise exports improved both in terms of export quantity thanks
. 3) Gradual expansion of private consumption as consumer confidence continues to improve and 4) Other supporting factors, namely public and private investments and proposed stimulus schemes, such as
reduced expectations of a Federal Reserve policy rate increase and positive factors domestically, in particular, seasonality and Thailand’s ongoing current account surplus. Nonetheless, the Baht
– 2,400mn with our recent acquisitions. Net profit margins will however, decline from double-digit to single-digits. Despite challenges in the overseas market, we are optimistic of long-term growth and we
previous quarter. Demand for consumer loans is likely to increase from the gradual relaxation of pandemic control measures, which is likely to stimulate spending and, consequently, demand for credit card
every segment. There is a positive structural change in PET business in the western markets due to financial stress with two major PET producers operating in these markets. PET margins are recovering back
household debt remained elevated, economic expansion had yet to benefit household income in a broad-based manner, and the low level of some agricultural price resulting in a gradual improvement. Private
Thailand’s target range of 1-4 percent. At the same time, core inflation was at 0.61 percent, a slight decrease from 0.66 percent in the same period last year, reflecting a gradual recovery in domestic