KASIKORNBANK Strategic Acquisition slide image

KASIKORNBANK Strategic Acquisition

K ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK KASIKORNTHAI Challenges: Exports Export is expected to mediocre in 2022 amid global trade uncertainties and transitions to structural changes Short-term Challenges Key Structural Problems Key Affected Products Short-term Measures from Authorities and Related Parties Long-term Measures from Authorities and Related Parties ■Faltering global demand ■THB volatility Exports ■■US trade policy, e.g. measures to reduce trade deficit from 16 major countries ■Trade uncertainties ■High dependence on China's market ■Changing demand in electronic products and loss of competitiveness in some areas (e.g. HDD) High crop surplus among competitors ■Electronics and Electrical Appliances (Structural Challenge) ■Fishery and Agriculture Products (US SIMP) ■Steel and Aluminum, Washing machine (US tariffs) ■Plastic, ICs, Machinery and Electrical Equipment (US-China's trade dispute) ■ Extending products to catch up with changing consumer trends ■ Enhancing practices to comply with international standards ■Setting up export promotion board ■ Providing supports to help individuals gain skills and qualifications relevant to the needs of the labour market ■Negotiating FTA and regional trade agreements ■Relocating factories to GSP eligible countries ■Promoting BOI's privileges which grant merit based on competitiveness enhancements ■ Enhancing productivity Note: HDD Hard Disk Drive; IUU fishing = Illegal Unreported and Unregulated fishing; FTA = Free Trade Area; GSP = Generalized System of Preferences; BOI = the Board of Investment of Thailand Source: KResearch (as of April 2019) บริการทุกระดับประทับใจ 163 K KASIKORNTHAI ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK Economic Condition Highlights: CAPEX and Investment Cycle Capacity Utilization by Key Industries Investment value of BOI-approved applications (Total)* Other manufacturing motor vehicles, trailers and semi-trailers 47.0 49.5 basic metals rubber and plastics products 50.8 76.4 Investment Value (Bt Bn) 1400.0 867.5 900.0 631.1 511.9 459.5 447.4 361.4 400.0 -100.0 2016 2017 2018 2019 2020 2021 paper and paper products 40.8 textiles tobacco beverages food 50.7 60.7 62.0 74.8 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 90.0 2021 2020 1Q2022 Source: The Bank of Thailand (BOT), The Ministry of Commerce (MOC), and Office of Industrial Economics (OIE) (Data as of Jun 2021) Investment Valu Investment value of BOI-approved applications (by Industry)* (Bt bn) 500 400 300 200 100 0 Agriculture Minerals & Ceramics Light Industry 10.17 20.21 4.01 21.14 636178 17.67 0 Metal Processing Electronics & Electrical Chemical Plastic Paper Service & Infrastructure ■ 2018 2019 ■ 2020 ■2021 ■ 3M2022 Technology and Innovation 2017 Source: The Board of Investment of Thailand (BOI) Note: *Figures above indicate investments of approved projects requesting investment promotion benefits from BOI บริการทุกระดับประทับใจ 164
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