integration of acquired businesses, the start of earning recovery in our high-volume Necessities business and our stable but higher-margin HVA business. We delivered record earnings and cash flows and expect
percent, edging up slightly from 0.6 percent in 2017 given steady improvement in overall domestic demand. On December 19, 2018, the Bank of Thailand raised the policy rate for the first time in seven years
within December 2017. Industry Overview In term of the retail industry in 3Q17, there has been constant low growth from the previous quarter due to the weakness in buying power especially for low-income
digit driven by all business segments. EBITDA margin is expected to be stable while budgeted for CAPEX of Bt20-25bn (see guidance on page 6). Significant Event for FY19 Since 1 January 2019, AIS has
2017. TRIS Rating, an associate of S&P in Thailand has affirmed the Company’s rating of “A+” and revised upwards its outlook to ‘Positive’ from an earlier ‘Stable’. From a performance perspective, this
strategic integration. Our diversified portfolio provides an earnings mix that combines the higher-volume Necessities (80% of 2Q 2018 LTM volume), now with improving margins, and stable-margins HVA business
Overview In the year 2017, the overall picture of the apparel industry remained stable in line with the Thai and global economy. The sale of goods to foreign countries has been affected by the appreciation
39% to 0.54 (Net Operating Debt/Equity) and TRIS Ratings (a strategic part- ner of S&P Global) ascribed the Company’s rating at “A+”. They also upgraded the outlook of IVL to “Posi- tive” from “Stable
ECB resolved to hold its policy rate steady at zero percent. However, the ECB lowered its interest rate on the deposit facility, putting it more deeply into negative territory, while it also planned to