repercussions on the global economy, compounded by a steep recession. It was a grim scenario, with uncertainty looming large. One year later, we stand in a very different place. Brent crude oil price has had a
impressive 4.8% growth. Central bank forecasts for the full year are around 4.5% and with inflation only just breaking into the 1-4% target band (1.2% in Q2) coupled with uncertainty around global trade the
experienced moderate growth amid global economic uncertainty, driven by the expansion of private consumption and tourism sectors, while the purchasing power of the grassroots consumer remained challenging. AIS
Bt22,636mn, improved 1.0% YoY from core services revenue growth combined with cost optimization to soften the rising utility cost impact. However, EBITDA soften -1.1% QoQ due to the high seasonality effect of
increase by 3.1% YoY and flat QoQ to amount of Bt22,934mn supported by enhancement of core service revenue, combined with optimization of SG&A. D&A rose 4.0% YoY and 0.8% QoQ from spectrum license of 700MHz
upcoming low seasonality in 3Q24 and uncertainty in the economic outlook. Factors contributing to this caution include revised lower growth estimates for Thai GDP, rising household debt, and sluggish
Competitive Environment In 3Q24, Thailand showed positive sentiment emerged from the resolution of political uncertainty and a clearer economic direction and resuming of budget spending. These factors eased
organization levels were controlled following the cost reduction initiative to combat COVID-19 situation. In addition, put off 2020 capital expenditure plan to prepare sufficient liquidity amidst uncertainty