maturity as well as the common trend of partnership alliance among business entities in seeking for better business potential, the Company has foreseen the business risk of CPPH having sole customer
to zero. Furthermore, the upcoming trend of disruptive technology has effected the power sector in Thailand especially the efficiency improvement of renewable energy and other smart systems such as
holdings with a positive rating trend or worsening trend year over year. Finally, MSCI reviewing the ESG tail risk to understand the fund's exposure to holdings with worst-of-class ESG Ratings of B and CCC
high. In contrast, the market demand was diminished as some countries have raised palm oil import duties to protect their agriculture industries and consumer health concern trend has been growing. Also
offset by higher mpared to 41.3% 08mn. s Bt738mn incre proportion of service revenue re 445,900, a have slowed acquiring orga mproving trend Q17 to Bt600 in hers were Bt1,6 QoQ. 8 increasing
new PPA and achieve an attractive return on investment as planned. Upward trend of Ft rate In 2017 ERC has announced an increase of Ft two times amounting of 21.39 satang/KWh – 12.52 satang/KWh in May
gains despite an increasing trend of electricity Ft rate since May 2017. Costs of food and beverages Costs of food and beverage constituted costs of operating in-mall food centers, as well as depreciation
considered the inter- transactions based on reasonable prices and other conditions concerned in order to maximize company benefits. Policy and trend for future inter-transaction The Board of Directors duly
/ton, dramatically dropped by 414 USD/ton or 40% mainly from international high stock level of palm oil. With downward trend in crude palm kernel oil price has made the average of natural fatty alcohols
cost-to-revenue ratio is expected to be similar to the magnitude of last year amidst the increasing trend of electricity Ft rate. • Higher operating and depreciation costs of newly opened malls and