). However, despite the ongoing upward trend, the issuances of these bonds were disproportionately small compared to the overall bond market. In addition, most issuers were large-scale companies in specific

have been investments in many large-scale projects which were currently in operation. As a result, cash and cash equivalents decreased. -4- Trade and other receivables increased by 1,095.9 MB

, generate cashflows for large-scale projects, and build a well-balanced capital structure for the company. Moreover, the Board views that the market price of HYDRO shares significantly fluctuates with

decreased. Inventories decreased by 639.0 MB, representing a decrease of 40.5%. This is because during Q3–2021, many large-scale projects have been delivered which their projects value are greater than the

trading business of imported electrical equipment made for large scale projects. 2. Gross profit : The total gross profit of the 3rd quaternary for the year 2017 was MTHB 159.97 representing an increase of

such land. In addition, the Company may have to further purchase and collect adjoining land thereto from external parties to ensure the large-scale land acquisition for an additional office in the future

% 6% 3,112 69% 4% 3,115 62% 2% Commercial Property Business Performance of commercial property business constitutes those of a 3,000-sqm NLA retail space ‘The Lighthouse’, a large-scale office complex

. Increasing household debts and loan rejection rate of financial institutions are the major obstacles. In the past, the strategy of the Company emphasizes the development of large-scale projects focusing mainly

institutions has become very strict and loan rejection rate has been rising. In addition, the projects developed by the Company are large-scale, resulting in an increase inventory. The Company, therefore

, large-scale IT projects by government agencies have to wait for political clarity during the formation of the government. Overview of the Company's operations in the Q2- 2023, the total revenue was