of fixed effects may influence the results. I therefore add industry fixed effects. 16 Third, unlike Barth et al. (1999), I cluster standard errors by firm and year in order to mitigate the effects of
% YoY and 1.5% QoQ supported by softened handset subsidy. Marketing expenses were Bt2,608mn, dropping 32% YoY and 9.1% QoQ. In 3Q17, AIS’ handset campaigns were more targeted in gaining mid- to high-end
–0.9% QoQ. AIS Fibre (home broadband service) subscriber base continued to be driven by demand for home connectivity in the new normal with the solid subscriber growth of 34% YoY, gaining 53k net adds in
the growth in accordance with business plan for over the next 2-3 years, yet not being fully utilized nor gaining benefit from the economies of scale particularly in the glass-bottle manufacture and
contribute to 80% of RTD coffee sales. The capacity expansion projects to support the growth in accordance with business plan for over the next 2-3 years, yet not being fully utilized nor gaining benefit from
-3 years, yet not being fully utilized nor gaining benefit from the economies of scale particularly in the glass-bottle manufacture and bottling plants had caused the rising in cost per unit of branded
-3 years, yet not being fully utilized nor gaining benefit from the economies of scale particularly in the glass-bottle manufacture and bottling plants had caused the rising in cost per unit of branded
year. AIS Fibre maintained the focus on quality acquisition in 57 key cities gaining a net addition of 53,800 subscribers, similar pace to that of 3Q18. However, with price competition, ARPU declined to
furniture business (Separate) could still generate profit for the period accounting for Baht 15.91 million. If we deleted the special profit gaining of this period as above mentioned, it would be found that
giving more importance to speed and convenience. As a result, the readiness of food delivery and the speed of service has been gaining more importance, which Mikka was able to meet this demand well with