(Figures 4- 7 in following pages reflect the steady growth of IVL at consolidated level although the regional levels are more cyclical). Business Outlook The doubling of PTA production in The Netherlands
กลุ่ม Cyclical/Value มากกว่า Defensive และ น่าจะท าใหหุ้น้ในตลาด EM เตบิโตด ี • ด้านตราสารหนี้ Credit Spread ยงัคงอยู่ในระดบัที่น่าสนใจหลงัจากที่มกีารปรบัตวัขึ้นไปในช่วงวกิฤติที่ผ่านมา ในขณะทีผ่ลตอบแทน
quality acquisition, AIS Fibre maintained price competitiveness amidst the intense market discounts offered by competitors. As a result, ARPU declined to Bt618 or -2.7% QoQ. With stronger AIS’s integrated
% down from 1Q2017. The revenue from feed business continued declining due to intense competition of animal feed and aquatic feed in Thailand reflecting falling in revenue from animal feed and fish feed
THB 823 million, reduced by THB 98 million or 10.60% down from 2Q2016. The revenue from feed segment continued declining in 2Q2017 due to intense competition of feed business in Thailand for both animal
remained intense both on pricing and aggressive customer acquisition. Operators continued to offer steep half-price discounts to prevent churn of customers, as well as to attract new customers. In addition
intense competition in Thailand reflecting falling in revenue from fish feed about 27.52% from lower sales volume of fish feed. However, revenue from shrimp feed rose by 18.41% from 2Q2017 mainly from
4G network and value-for-money price plans continued to be localized in some key cities. On fixed broadband, competition remained intense in pricing and acquisition whereby the incumbents continued to
3Q2017. The revenue from feed business continued declining due to intense competition in Thailand reflecting falling in revenue from fish feed about 18.42% from lower sales volume of fish feed. However