competition in market has trended to more intense which both existent competitors and new competitors have competed continually by using the strategy in several dimensions for snatching the market share. The

also embarked on a journey to make the organization ready for the future. Initiatives in this regard include the recent strengthening of the management team with the recruitment of the Chief Strategy

recruitment of the Chief Strategy Officer and Chief HR Officer, steps being taken to implement digitization programs and standardization of an ERP system. Growing demand for the 100% recyclable PET is also

facility is currently under normalisation. This follows acquisitions of M&G Fibras in Brazil and UTT (Airbag fabric in EU and Mexico) in 1Q19, thus strengthening our strategy of domestic supplies to global

% and 29.7% from 2017 and 2016, respectively. Reflected to the implementing of dynamic inventory strategy resulting from the demand over supply in electronic commodity market in 2018. The allowance for

the first quarter of 2018. However, SINGER has changed its business strategy by Management Discussion and Analysis (MD&A) for the year of 2018 Page 4/7 Jaymart Public Company Limited developing a

reflected dynamic inventory strategy resulting from demand over supply in the electronic commodity market in 2018. At the same time, the company and its subsidiaries recorded inventory provision totaling 217

Company made a further step to complete our strategy to create nationwide media coverage by acquiring COMASS. With more than 19 years’ experience in outdoor media, COMASS is one of the leading outdoor media

previously mentioned. Capital Structure Net interest-bearing debt to equity stood at 0.31x At the initial stage of Singha Estate and with the strategy to grow its business via M&A, short-term debts, i.e

equity stood at 0.40x At the initial stage of Singha Estate and with the strategy to grow its business via M&A, short-term debts, i.e. collateral-free bridging loans, are designated sources of funds