) Management’s Discussion and Analysis | 2 Executive Summary In 2017, palm oil production in domestic and international market had improved since recovery from drought causing by El Nino effect in 2016. As palm

the supply and demand of both domestic and foreign. The global and Thai economy are slowdown. The consumers have low purchasing power. Many automotive infrastructures stop their production, which leads

by thriving exports and tourism. Manufacturing production fared better, in line with manufacturing sector indicators tracing the promising trends in core economies. Against this backdrop, KResearch

volatile during this quarter. However, Thailand’s financial stability was satisfactory due to a high current account surplus and rising demand for imported raw materials used in export-oriented manufacturing

-oriented production were on the ebb. Furthermore, digital disruption continued to negatively impact certain business operators’ income and operating costs. Under these circumstances, KBank put in place more

featured a workshop and advisory service entailing production process, product development and business networking with KBank partners, as well as advice on the use of various technologies such as point-of

ไม่สามารถจำหน่ายด้วยราคาที่สมเหตุสมผล (“กรณี side pocket”)             (2) กรณีที่ผู้ถือหน่วยลงทุนไม่ยื่นเช็คแก่ธนาคารเพื่อให้ใช้เงินตามเช็คที่ได้

last year. Meanwhile, imports of Hot Rolled Steel decreased by 14% and Domestic Production increased on 11.5% compared to same period last year. The trade war between USA-China, high imports due to

operating cash flows. 2Q 2020 Summary Financials Table 1: Core Financials of Consolidated Business $million (except where stated otherwise) 2Q20 1Q20 2Q19 2Q20 QoQ 2Q20 YoY Production Volume (MMT) 3.24 3.31

2016 Gr ou p Group Revenues 25,705 21,684 Group EBITDA 2,306 1,555 Group Net Profit (Loss) (435) (1,048) HR C HRC Sales (k tons) 1,381 1,326 HRC Production Volume (k tons) 1,429 1,336 HRC Average Selling