while revenue from residential projects is expected to increase in 2H19 and accordingly with CPN’s business plan. In 2Q19, growth in the Thai economy decelerated primarily driven by a decline in export

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary CPN’s revenues continues to grow according to its business plan. In 1Q19, the Thai

around USD 200 billion. In June, protests started in Hong Kong levels of violence have been escalating. Moreover, in July, Thai baht became stronger specially against US dollar due to speculation during

outbreak. In 1Q20, overall economy was largely affected by the coronavirus disease (COVID- 19) outbreak globally, including the Thai economy, resulting a deep economic deceleration throughout the year. Thai

from Thai Oil with a Thai Baht currency value of approximately Baht 24,113 million, which is equivalent to a total value of not exceeding USD 757 million, after the construction of the ERU is completed

sector the Thai economy continues to outperform with Q2 growth at 4.6% slightly below Q1 but remaining strong. Private consumption growth was robust in July and August, supported by higher consumer

from strong Thai base customers who continually support the company. Veranda Pattaya Na Jomtien achieved 57% occupancy rate in June and Veranda Hua Hin Cha-am occupancy at 69%, with growth in ADR in both

right of use following adoption of the Thai Financial Reporting Standards: TFRS 16 on Leases, which added to the land lease amount from the previous year. In Quarter 3 of 2020, SAAM Group’s gross profit

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 13 Executive Summary Revenue and net profit have growth according to the business plan In 2Q18, the Thai

) and Thai customers continue to support, in which this group of customers is the main proportion. Page 3 For the six-month period ended 30 June 2019, revenues from hotel business of 646.47 THB mm