palm oil inventory climbed up to c.425,000 tons in August 2017 which was higher than the historical average inventory of 200,000 tons. Therefore, the government announced the biodiesel mandate as B7 for

, the government sector has continued to invest in infrastructure and public utility projects. Regional market and agricultural sector have also recovered. All of which should positively contribute to

tourist arrivals from China represented the largest contribution. In 2018, tourism industry is expected to continue an impressive growth on the back of government initiatives. The Tourism Authority of

considered low especially the government project as the public is still waiting for the national election on 24 March 19. As such, the Company do not foresee 2. Business Outlook on Q1/2019 3 G J Steel Public

this quarter is considered low especially the government project as the public is still waiting for the national election on 24 March 19. As such, the Company do not foresee 2. Business Outlook on Q1

intervention of the government to determine the CPO pricing policy, economic change, climate change, and demand and supply. In the past 2 years, CPO’s world and Thai’s market had been highly volatilized. The

industry’s performances, which is the inherent risk that significantly impact on their performances that is the risk of fluctuation in CPO price; mostly caused by the intervention of the government to

is expected to be effective in the next few months to give further support to the Domestic HRC prices. However, the consumption is expected to remain low till the new government formation. As such we

unexpected event in Malaysia, where a government-linked sector that is one of our major clients in airport advertisement has cut back its spending due to the country’s sluggish economy, leading to

grades. during the current period. These factors are likely to impact the results of Q3 2019 but with the completion of Government formation process and discussions on providing stimulus to revive the