environment During the second quarter of 2019, the growth momentum for the Thai economy slowed down from both the domestic and external demand. Private investment contracted both in investment in construction

year. As a result, same-store utility cost increased 3.2% YoY, which was lower than the increase in electricity Ft rate, and partly down to CPN’s continuous effort to conserve energy usage. Hence, the

partly down to CPN’s continuous effort to conserve energy usage. Hence, the cost-to-revenue ratio is expected to be similar to the magnitude of last year amidst the increasing trend of electricity Ft rate

approach to growth Spindletop (Huntsman assets acquisition) deal update Core EBITDA down 31% yoy Volume growth 23% year-on-year (yoy) Operating cash flow (OCF) growth 47% yoy Company credit rating re

led to widespread slowdown in economic activities. Private consumption slowed down in almost all categories especially in services segment: hotels, restaurants and transportations from the various

the most as some border checkpoints are still closed, resulting in higher costs of import and transportation to overseas countries, less competitiveness, as well as export customers slowing down import

consumption slowed down in almost all categories especially in services segment: hotels, restaurants and transportations from the various measures implemented to curb the outbreak. Durable goods segment also

$ 1.9B. Interest cost is expected to come down for year 2020, thanks to lower benchmark rates. Our net operating debt to equity went up to 1.35 times primarily due to the acquisition of Spindletop

tourist arrivals will be down by 20%- 30% to 1.02-1.17 billion in 2020 compared to 1.46 billion in 2019. For Thailand, the Ministry of Tourism and Sports reported 6.7 million international tourist arrivals

stemming from trade conflicts between China and the US has also pressured the oil market down. However, crude oil price came under pressure during December after OPEC and their alliance came to an agreement