to remain fragile as overall purchasing power has not yet recovered, and household debt remains at a high level. The operating result of the Company in this quarter is still in line with the plan
prices for most agricultural products remain low, resulting in a fragile recovery in consumption. This has also been effected by the reduction of spending stimulus measures by the government compared to
retraction of economic activities and consumer spending. The consumer sentiment remains fragile as the country waits for vaccination against the new variant. Despite of such economic weakness, we delivered
fragile economy with signs of global economic slowdown despite a continuous recovery in Thailand’s tourism and the improvement in inflation that helped boost private consumptions and economic activities. In
services of connectivity and value-added services of cloud, smart solutions, and specific 5G vertical solutions in targeted industries. Market and Competitive Environment 3Q23 continued displaying a fragile
discipline since 3Q22 by removing the freebies in the entry- level package while taking cautious steps to uplift the ARPU. However, the fragile cost-concern environment, especially for price-sensitive segments
following the policy rate increase by the US Federal Reserve, may see an economic slowdown during this quarter. Aside from their fragile economic fundamentals, these countries were vulnerable to capital
growth. Even though business loans are expected to receive an additional boost from public investment, retail loans will remain challenged mainly by fragile consumer confidence and household debt servicing
the country while full vaccination remains low and vaccine supply posts another pressing factor. This raises the downside risk to the already weak economy, reflecting in fragile consumer spending and