Competition 1.1 Electricity industry and Economic situation in Thailand In 2018, Thailand’s peak demand in Electricity Generating Authority of Thailand (EGAT)’s system was 28,338 megawatts, occurred on April 24
got offset by the increasing demand in the West for IVL products due to industry supply tightness as mentioned earlier. The planned maintenance shutdown of an Indonesia facility impacted fibers
and addi- tional demand of PTA, MEG and Polymers in order to fulfill existing demand which was earlier met by recy- cling imported waste PET. Inventory levels of PTA have reduced from earlier 25 to 30
even more is planned in the quarters to come. - Weak demand due to pre-buying in December 2018 thus impacting demand in 1Q19. Expectedly, margins are improving led by the demand growth in 2Q19 in
meet market demand in 3Q17. Therefore, the tailwinds in volume and margins are expected to handsomely beat earnings estimates on a fully diluted basis following the exercise of W1 warrants. 3 In last
the year, it was in line with the recovery of the overall global demand. Tourism also showed continuous growth with the number of foreign visitor arrivals for the first 11 months of 2017 totaling 31.8
a low growth of only 0.5% yoy, with growth in line with the recovery of the overall global demand. Tourism also showed continuous growth with the number of foreign visitor arrivals for the year 2017
. However, overall recovery is gradually improved, the Company closely monitors situation with flexibility to adapt management strategy and marketing activities to fully response local demand. The Company