Discussion and Analysis For 2Q20 and 6M20 P a g e | 9 2020 Outlook The COVID 19 epidemic has severely affected the global tourism industry. The announcement on travel restrictions and closures of airports and
but not least, 4.) other supporting factors, namely public and private investments, were given a brighter outlook as the direction on the Eastern Economic Corridor (EEC) becomes clearer, which will also
enhancements benefitting both the top and bottom line as we expect 2020 to be a more successful year” 2. Outlook Economic growth was approximately 1.6% in Q4 2019 compared to the same period last year with
” outlook, which reflects the company’s financial strength and low operating risks. In addition, TRIS Rating assigned the company rating of Universal Utilities PLC at “A-” with “stable” outlook, which
venture agreement with Tokyo Tatemono Asia Pte. Ltd. to jointly develop a luxury condominium project in Thonglor area, Soi Sukhumvit 38. Management outlook and future projects Despite the bearish outlook
) was low and could not cover cost and expense. 2. Business Outlook Total domestic Hot Rolled Steel consumption for Quarter 1, 2020 stood 1.51 million MT and decreased by 3.4% compared to same quarter
% Debt to equity (times) 0.3 0.4 Asset turnover (times) 0.7 0.4 Remark: Financial ratios were calculated based on The Stock Exchange of Thailand’s formula. MANAGEMENT OUTLOOK The COVID-19 pandemic has
Deposit Baa1 Baa1 Baa1 Short-term Deposit P-2 P-2 P-2 Senior Unsecured Debt Instrument Baa1 Baa1 Baa1 Subordinated Debt Instrument Baa3 Baa3 Baa3 Financial Strength (BCA) baa2 baa2 baa2 Outlook Stable
to stakeholders. Significant Events in Q4/2018 5 Management Discussion & Analysis Management Discussion & Analysis (MD&A) Q4/2018 and FY2018 Significant Events in Q3/2018 6 Q1/2019 Outlook and Business