2016, since in 2017, the Company received large-scale projects that delayed from previous auctions such as internet for village project or internet for public domain, which is a high value project but
expanding the business in large scale projects with good strategies and quality of service and products that can meet the needs of the customers. As a result, the volume of business in this segment will grow
Business Performance of commercial property business constitutes those of a 3,000-sqm NLA retail space ‘The Lighthouse’ and a large-scale office complex ‘Suntowers’, which is the key contributor to the
large-scale office complex ‘Suntowers’, and the newly developed ‘Singha Complex’, a mixed-use development which is due for commercial operation in August 2018. In 4Q17, commercial property business
significantly. In addition, resulting the need to postpone a large-scale project auction and there are a few SI project in the market, thus those had a higher competition, resulting gross margin was declined
prevention making it possible to complete the project even more. In addition, the several large-scale projects were due for delivery in this quarter such as the Purchasing and Installation of Cloud Project of
%, mainly due to the investment in several large-scale projects during the first half year 2020. Those large-scale projects were under operation, thus the cash and cash equivalents decreased. Inventories
, the Company might 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 for such purpose. In
). 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