organization levels were controlled following the cost reduction initiative to combat COVID-19 situation. In addition, put off 2020 capital expenditure plan to prepare sufficient liquidity amidst uncertainty
, coupled with high excess production capacity, resulted in a contraction in private investment. However, public spending continued to grow from current expenditure through disbursals for public health
USD 14,070,000, or equivalent to THB 485,544,756.67 (the “2nd Loan Portion”), where the Company shall be entitled to utilize the 2nd Loan Portion as capital expenditure, for business operation, as
the new projects and interest expense. The Company has anticipated the impact of Dusit Thani Bangkok Hotel closure that will result in lower performance. As a result, the Company has planned to create
and private investment going forward. In addition, tourism revenue is expected to rise satisfactorily. Government expenditure is also projected to expand further as infrastructure projects are being
between the US and China, baht appreciation and pending of government expenditure as delay of government established. Having considered the above-mentioned circumstances, the Bank of Thailand lowered the
investment particular in machinery and equipment, industrial production, manufacturing capacity, and the value of merchandise exports were also better. Rising government expenditure is another significant
Commercial Operation Date Within Quarter 1/2019 Expected Capital Expenditure THB 40-60 mn Project Risk HSMC is exposed to the foreign exchange rate movement due to the revenue is denominated in USD Expected
day. Capacity (m3/day) 2,000-2,200 m3/day Construction Period Within Quarter 4/2018 Scheduled Commercial Operation Date Within Quarter 1/2019 Expected Capital Expenditure THB 40-60 mn Project Risk HSMC