g e | 10 2020 Outlook 2020 definitely a very challenge year for our company and in tourism business which is on the verge of the world’s economic slowdown, the destabilization of international trade

increase in D/E ratio was from funding for the new company’s projects. Dusit Thani PLC Management Discussion and Analysis For 4Q19 and FY2019 P a g e | 10 2020 Outlook 2020 definitely a very challenge year

. They also have to prepare for the adoption of TFRS 9 which will come into effect in 2020. Managing loan quality and non-performing loans continues to be a major challenge. However, due to a relatively

growth outlook still challenge with uncertainties on the external front particular on pertaining to the US foreign trade policies, retaliatory measures from its trading partners. LH Financial Group Public

cushion against any uncertainty or new regulations. In terms of capital, with the inclusion of net profit for the six months from July to December 2017 and of net profit for the first quarter of 2018 minus

trillion to Baht 5.06 trillion, support from REITs and property funds. Due to the global stock markets were volatile, both from the Fed's policy rate hike And economic uncertainty that made overall stock

to closely monitor credit quality and maintain high levels of capital fund and loan loss provisions to withstand a potential adverse impact from economic uncertainty. Credit Rating LH Financial Group

to uncertainty of global economy primarily from US-China trade war. As aforementioned and the average of natural fatty alcohols price dropped in relation to crude palm kernel oil price softness, the

of US$37.5 million (or equivalent to Baht 1,350 million) with maturity of 5 years. Due to uncertainty of the acquisition transaction after the Meeting on May 22, 2017, the Company therefore discloses

on 2 October 2017, resolving to approve the Company and/or its subsidairy entering into of the Transaction, after having considered the uncertainty of the entry into the Transaction, potential impact