plants in 2018. • EBITDA decreased 8.6% q-on-q to Baht 2,202 million in Q4’2018 due to stable selling price per unit to IUs from unchanged of Ft but an increase of gas cost however, this was the temporary

revenue is from long-term PPA with state enterprises which has no direct impact from COVID-19 while revenue from industrial users (IUs) remains stable y-on-y in Q1’2020, thanks to portfolio diversification

2019, net loans at 14 domestically-registered commercial banks grew 0.37 percent over-quarter and 3.92 percent over-year, figures that were stable compared to the growth of 3.88 percent at the end of the

margin (NIM) recorded a minimal increase after being stable during the first half of this year given that most commercial banks continued to focus on funding cost management. As of the end of the third

1.50 percent for almost all of 2018 to accommodate domestic economic activity, which is continuing along a stable recovery path. 1.2 Banking Industry and Competition In the second quarter of 2018

from interest rate reduction and a slowdown in loan in the banking system. Meanwhile, net fees and service income was stable, whereas fees from insurance, mutual fund and investment banking services

Projection by KResearch Ye ar -o n- Ye ar C ha ng e (p er ce nt ) 2 for almost all of 2018 to accommodate domestic economic activity, which is continuing along a stable recovery path. 1.2 Banking Industry and

is being developed. There are presently five member cards, i.e., The 1 Card, Boots Advantage Card, PTT Blue Card, AIS Point Card and AirAsia BIG Loyalty Card, available via the Loyalty Card Platform, 2

Ft-charge was stable. • For 9M’2019 period, it softened y-on-y to 25.8% from an increase in gas cost per unit by 9.1% from the same period of last year while there was the lag time adjustment of Ft

-on-q declining gas cost per unit while Ft-charge was stable, 2) no scheduled maintenance and 3) contributions from Solar projects in Vietnam which give relatively higher EBITDA margin. • Although this