companies, investors then misled that they gain high returns at the first stage but not allowed to withdraw their profits. Later on, the companies will notify their clients to add more money due to investment
level in deposit and investment in instruments issued by financial institutions as the Deposit Protection Agency will be reducing the protected deposit amount. In an early stage, there should not have
election slated in November 2020. Even though tension over the US-China situation eased somewhat after Phase One of a trade deal was reached in mid-January 2020, the details of any further negotiations are
be based on impairment requirement under Thai Financial Reporting Standard No. 9 (TFRS 9). Financial instruments under TFRS 9 are classified into 3 stages. For stage 1, TFRS 9 requires ECL allowances
beginning stage launching new products into the market which requires high spending. However, the increase in costs is mainly due to investments to build the foundation for future business growth, while some
throughout 2020 as the pandemic impact arose since beginning of the year and the new phase of outbreak re-emerged in late 4Q. Mobile business had been pressured by sluggish economy amidst market competition
Project Stage 1 • GLOW Energy Phase 2 192 300 60 (2 Agreements) 2022 SPP Replacement Project Stage 2 1 • GLOW SPP 2 192 300 60 (2 Agreements) 2024 • GLOW SPP 3 120 200 60 (2 Agreements) 2024, 2025 Note: 1
Dusit Thani PLC Management Discussion and Analysis For 4Q19 and FY2019 P a g e | 1 Executive Summary 2019 marked our first year in the second phase of the Company’s 9-year strategic journey (2019