LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q1/2018 2 2. ECONOMIC SITUATION Thai economy in Q1/2018 continually expanded, supported by every economic engine especially merchandise exports, which were
merchandise exports which grew continually following the economic recovery of trading partners. https://www.sec.or.th/cgthailand/EN/Pages/Assessment/ListedCompanyLevel.aspx#AGM LH Financial Group Public Company
expanded at a slower pace compared to the previous quarter, with merchandise exports contracting as global trade weakened, resulting in a decline in domestic industrial production. Meanwhile, tourism
was expected to expand at a slower pace compared with the same period last year due to a contraction in merchandise exports and a slowdown in tourism growth resulting from uncertainty about the trade
expanded at a slower pace compared with the same period last year due to a contraction in merchandise exports resulting from uncertainty in the trade policies of major countries and the Baht’s ongoing
last year. Furthermore, the early rainy season has adversely affected the sales of cooling items, and the opening of new stores in the vicinity of existing stores in Bangkok at Rama 9 and Srinakarin has
were higher than historical norms, caused a hike in sales of cooling items such as air conditioners and fans. The company also undertook various promotional activities, as well as organizing the HomePro
quarter of 2018, the Thai economy expanded well, driven by both growth in the foreign sector and gradual improvements in domestic demand. Merchandise exports improved both in terms of export quantity thanks