% 2. ECONOMIC SITUATION Thai economy in Q2/2019 moderated from previous quarter. The global demand weaker from protectionist trade policies between the US and China, which effected to export sector

government sector introducing stimulus packages, which would cause demand for fuel consumption in the industrial and transport sector to increase. Moreover, the excess of crude oil supply trends to decrease

the global market. Meanwhile, the demand for stainless steel started to increase as the country's economy began to grow steadily as the result of the export sector, private consumption, tourism sector

from the rising in global steel price which was the raw materials of the Company’s products. However, the Company has procedures in managing cost by efficiently planning flat production, continue

impressive 4.8% growth. Central bank forecasts for the full year are around 4.5% and with inflation only just breaking into the 1-4% target band (1.2% in Q2) coupled with uncertainty around global trade the

increased use of autoclaved aerated concrete blocks as Thailand follows a global trend. The nonferrous mining segment in our key export market Laos remains strong however as a new competitor comes on stream

on the Company’s future revenues, operations and supply chains. The Company is taking several cost saving measures to minimize the negative impact of the COVID-19 pandemic on the Company’s future

management system construction for Refuse Derived Fuel production, no certain budget was allocated, affecting the operating result of the company’s subsidiary (SUTG Global Company Limited). As of 30 June 2019

material extraction via processing to delivery of the products to our customers, improving further the quality and supply security of our value offering to the market. Also, TMC will be a major contributor

compared to the previous quarter, as in September, global finished product price increased after the shutdown maintenance of several refineries in North Asia, combined with concerns over supply shortages