retraction of economic activities and consumer spending. The consumer sentiment remains fragile as the country waits for vaccination against the new variant. Despite of such economic weakness, we delivered
our view is overstated. We are surely in a backwardation where current deliveries are fetching steep premiums. The positive sentiments are driven by the vaccine rollouts which in many countries is just
market segments such as sugar and steel, which both saw a particularly strong 2018, we expect a continuation of current conditions. The landscape will however remain competitive, with new players entering
signs of improvement in overall advertising sentiment in the remaining months of our fiscal year, we reiterate our target of THB 4,000mn in revenue in 2017/18. IMPORTANT EVENTS IN 2Q 2017/18 Transit in
-China trade war and the depreciation of Yuan (CNY) against US dollar. Besides, the extreme fluctuation of crude palm oil price in end of 2019 affected buying sentiment to be drop as buyers waited for the
total loans ratio for 1Q21 increased to 3.2%1 from 2.9% at the end of 2020 mainly from loans exiting from the relief program. The Bank current level of capital remains strong and is above the minimum
sentiment, accompanied by growth in public investment which resembled the growth rate from the same period last year. All in all, economic drivers continued to perform well particularly merchandise exports
, an increase of 14.5% YoY) due mainly to the above-mentioned adjustment, as well as from higher selling and marketing expenses to generate revenue stream amidst softened tourism sentiment. However, both
to generate revenue stream amidst softened tourism sentiment. However, both hotels showed effective cost control in both room and food and beverage management. Cost of sales In 3Q19, CPN reported costs
quarter still reflects crude price sentiment from Q4/2018, leaving the refinery business with minor inventory loss (included a reversal of lower of cost or market (LCM) of THB 689 million), whereas, during