, and managing loan quality and NPL continue to be major challenges. However, with a relatively high level of capital and the regular setting aside of additional provisions, commercial banks can still

expanded, the price of agricultural products remained low, and the level of household debt remains high. Thus, sales in the third quarter did not meet the target. However, the Company continued to undertake

. Although the economy performed well in a big picture, the economy at grassroots level has yet to sufficiently expand. This was seen in growth of private consumption, growth of durable goods consumption

period of 2017 which was resulted from supporting factors of both weather condition and water level that were favorable for agricultural products to be produced and the expansion in agricultural economics

related to insurance business and property development cost in subsidiaries. Moreover, the Company’s manage inventory level down to 1,300.8 million baht as compare to the end of Q2/2018 at 2,092.4 million

) COMPANY LIMITED 57 PARK VENTURES ECOPLEX, LEVEL 21, UNITS 2101-2103 AND 2112, WIRELESS ROAD LUMPHINI, PATHUM WAN, Bangkok 10330 Tel. 0-2105-0900 Fax. 0-2105-0904 27. MAYBANK SECURITIES (THAILAND) PUBLIC

Forward According to the outbreak of Covid 19 at the end of the first quarter of 2020, it was found that the company affected by the situation but was at a manageable level. However, the company anticipates

Company D/E ratio is 1.68 times and the IBD/E ratio is 1.19 times, which is at an appropriate level.

level. We also had to cut costs in all areas, suspend our investment plan and reserve cash to maintain a strong finance position during the crisis. Cost of Sales and Gross Profit The gross profit margin

at 31 December 2018 and 2019, the Company’ s debt- to- equity ratios were 0. 89 and 0. 77, respectively. They were at a low level as the Company only had short-term loans which were current liabilities