%) Adjusted Net Income margin (%) 16% 10% 7% (3%) (9%) 16% 8% (8%) PAGE 2PAGE 2 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q2 2019 Fair Value Measurement of Net Assets from the Acquisition of GLOW As accounting
palm oil was surged to 500,000 tons in 3Q2019, resulting in an average of crude palm oil (CPO) and crude palm kernel oil (CPKO) prices decreased from FY2018. Even though, the government has agreed to set
specific law, the Industrial Finance Corporation of Thailand, a finance company or credit foncier company; (c) a treasury bill, Government bond, state enterprise bond, Bank of Thailand bond, Financial
1. The effect of the Corona Virus Disease 2019 outbreak (COVID-19) At the end of March to the beginning of April, the government had measures such as closed the potential risk places, no activity in
epidemic has caused some businesses in the group to be affected by government policies. To close the mall and the closure of the country from the end of March until the beginning of May to prevent the spread
government such as travel restrictions and the closure of venues considered high-risk areas including department stores, it is expected that the Thai economy in 2020 will have a severe contraction with latest
Remarks: The Notification of the Office of the Securities and Exchange Commission No. Sor Nor. 35/2554 Re: Prospectuses for Infrastructure Funds dated 6 September 2011 was published in the Government
/2017 was on average 16.10 $/BBL, when compared to Q3/2016 the spread increased by 4.51 $/BBL, with respect to lower Mogas export from China, after Chinese government lowered the export quota for state
the second half of the year. However, government expenditure was slightly decline as well as the contraction on agricultural and construction sector. The Thai economy in 2018 is expected to expand more
weaken. Although the government has policies to help the cost of living of people at the grass-roots level, it focuses on spending of the essential consumer products only. In addition, there was a factor