(GPM) in 1H/2019 was 64.9% which decreased by 2.5% from 1H/2018. The decrease was mainly attributable to the higher portion of OEM and take-home sales which yields lower GPM. • Gross profit in Q2/2019

take-home and deliveries sales which yields a lower GPM than in-store sales due to the packaging costs. • Gross profit in Q3/2020 was THB 124 million which decreased by THB 78 million or 39% from Q3/2019

slightly by Baht 23 million. Net interest income rose by Baht 1,176 million or 6.9 percent, due mainly to increases in yields on earning assets and loan volumes. Non-interest income fell by Baht 4,086

use the amount in excess of the limit to reinvest in new securities. The move is expected to help slow the rise in US Treasury yields and mitigate potential volatility in financial markets worldwide

overall financial conditions remained accommodative to economic expansion, with high liquidity in the financial system and low government bond yields and effective interest rates. Although the movement of

guidance is based on LTM 2Q 2018 average margins although we believe the current market conditions could result in higher yields Table 5: Business Key Drivers Core EBITDA ($/t) LTM 2Q18 1H18 2019F Key

yields so the company and its subsidiaries have selected IFF, PF and REITs with strong foundations. As a result, the average dividend yield per year is around 7%, higher than the average annual dividend

government bond yields and the financial market environment worldwide. In Thailand, several economic indicators in the third quarter of 2017 exhibited ongoing growth. The upbeat performance was fueled mainly

attributed to lower Fuel Oil supply from the reduction in OPEC production, especially Heavier Crude that is valued lower than Lighter Crude, and has yields high amount of Fuel Oil. Also, various refineries

issuance to lock in their funding cost before any rate increase. Meanwhile, long-term bond yields moved within a narrow range amid heightened risks in emerging markets and escalating trade tension between