scheme of power plants that will expire during 2019-2021 based on NEPC’s guidelines. Management Discussion & Analysis Management Discussion & Analysis (MD&A) Q4/2018 and FY2018 Significant Events in Q3
Refinery & Trading Business Group 15 Marketing Business Group 17 Power Plant Business Group 19 Bio-Based Products Business Group 21 Natural Resources Business Group 23 Statement of Financial Position 26 Cash
kept its growth momentum from the previous quarter. However, it did not clearly show evidence of a broad-based recovery. Private investment, in particular, remained uncertain, pending greater clarity in
capital market products which are shares or share warrants of a company wherein the client is an existing shareholder as of the investment date or the date of obtaining the shareholders’ rights; (4) a
invest in capital market products which are shares or share warrants of a company wherein the client is an existing shareholder as of the investment date or the date of obtaining the shareholders’ rights
[existing] clients of an intermediary; “institutional investor”5 means an institutional investor as specified in the Notification of the Securities and Exchange Commission concerning the Determination
Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 22 25 27 29 Executive Statement Summary of Income Business Performance 8 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products
business – are likely to see higher growth, bolstered by an expected broad-based economic rebound, which will be seen in both public and private investment. On top of this, the debt quality problem may ease