living of household rises, which was still with the weak purchasing power. Banks are not lending for fear of affecting the collection, the market is increasingly competitive so affected our customers

weak global demand, especially exports of Epichlorohydrin decreased caused by lockdown restrictions in several countries. Analysis of Cost and Expenses 1. In Q2 2020, Cost of sales was 2,898 MTHB

giving away cash to the people and welfare payments to the unemployed. While employment remained weak, Policy clarity Direction of the business team and political climate It is a huge risk to the future

outbound travel was continued and it extremely affected the shrinkage of tourism sector. Furthermore, the impact of export sector caused by the weak demand of the trade partner countries and it continuously

. Government enforced fully lockdown with varying degree of restriction within the 2Q causing significant economic impact. For telecom, new subscriber acquisition as well as handset sale remained weak while

FY21 revenue guidance to be flat or slightly decline and EBITDA to be flat. This follows the rising downside risk to the already weak economy driven by the prolonged impact of Coronavirus stem from the

combination of the weak global economy and strong baht capped tourism and spending. In response to a slowdown in tourism, visa fee waivers were extended twice to end on April 30, 2020. Headline inflation

consumption, albeit expanding, began to exhibit decelerating growth following a recent ramp-up in spending on durable goods. Likewise, private investment remained weak pending more apparent signs of economic

Sovereign Rating Impact Very strong +2 Strong +1 Moderate 0 Weak -1 Very Weak -2 Historical data analysis Momentum adjustments: Near-Term 5Y Overlay from Analysts Output from ESG sovereign

77.97 22.03 0.02% June 30, 201 8 inc 57 75 3 82 9 5 9 2 0 7% 3% % 18 % of Chang crease (decre 16.01% 26.97% 208.28% -11.13% -20.45% 128.39% -81% -9.81% -11.96% 9.45% -23.40% -83.90% ge ease)