(Overseas) Mikka Cafe New Brand Perspectives on Thai economy in 2022 • The Thai economy is expected to recover gradually in 2022. During the first half of the year, slow recovery is expected due to the
of economic activities. 3Q20 performance; however, would not fully bounce back to the pre-COVID band due to the Company’s spending on marketing activities to promote goods and services of tenants in
contraction was -3% vs Q1 2019. This will be much worse in Q2 with a double-digit contraction, and on annualized basis, the IMF forecast for Thailand is now -6.5% in FY 2020 with a bounce back expected in 2021
to the consolidated financial results of Golden Lime. 2. Outlook The global Covid-19 pandemic will affect the Thai GDP negatively by 6-8% this year as of BOT projections, while in FY 2021 with a bounce
(Maintained) CAPEX (exclude spectrum) Bt25-30bn (Maintained) Core service revenue to recover and grow low-single digit Thai economic growth in 2021 is expected to remain vulnerable as the new outbreak of
from 3.3 percent in 2016 on the back of rising exports and a robust tourism sector, consistent with a stronger recovery in global demand. Headline inflation rose to 0.7 percent, following higher energy
expenses until the end of Q3/2020 since retail traffic does not rebound to the pre-pandemic level. At the same time, the Company has also saved administrative expenses from offering head-office employee to
Guidance All guidance is based on Post-TFRS 16 Core service revenue Low single digit growth EBITDA Low-single digit growth CAPEX (exclude spectrum) Bt25-30bn Core service revenue to recover and grow
came mainly from crude oil price rebound in 2018. And even with lower pressure on Glycerin price from growing market supply in the second half of 2018, full year average Glycerin price remained high
major bounce back from the lows of 2020, reaching a high of over US$65 in March 2021. Led by China, consumer demand is booming and commodities are experiencing what some even call a super cycle, which in