well as other marketplaces e.g. Shopee, Lazada etc. Industry Overview Thai economy in 4Q19 was slowdown. On the domestic front, private consumption indicators suggested expansion in all spending
from the economic recovery in export, tourism, investment of private sector, and the expansion of government spending, which is a good sign for the Company operation in 2018. Topic Annual Balance Change
from 2.3% in the second quarter of 2019, mainly driven by expansion of private consumption, government spending and tourism sector. Meanwhile, exports sector continued to contract caused by uncertainty
persistently experienced a high contraction due to the international travel restrictions. However, economic activities during that period were supported by the expansion of public spending, together with the
& promotion spending and international business expansion, net profit margin attributable to owners of the parent slightly declined by 20 bps YoY to 13.8%. Q1’20 cash cycle of 35 days, compared with 32 days in
to the expansion of household spending, as a proportion of income must be put towards debt repayments, and has caused an increased risk of defaults on payments. In addition, low interest rates
first quarter of 2018 continued to expand from the external sectors namely exports and tourism in line with the expansion of the global economy. Public spending also increased, recovering from a decline
2018 continued to expand from the external sectors namely exports and tourism in line with the expansion of the global economy. Public spending also increased, recovering from a decline during the end of
objective basis to specific investors (Private Placement) for purpose of increasing the liquidity and supporting the expansion of the Company’s core business, as well as investing in various projects; and the