-on-q declining gas cost per unit while Ft-charge was stable, 2) no scheduled maintenance and 3) contributions from Solar projects in Vietnam which give relatively higher EBITDA margin. • Although this

E_1 Legal_FA_2015_12_29-c A CorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2019 Thai economy in 2019 showed decelerating growth at 2.4 percent compared to 4.2 percent in the previous year.The slowdown could be attributed to exports which contracted further due to the stronger Baht and a global economic slowdown. In addition, the investment environment of both the public and private sector remained weak, and private consumption, albeit gro...

beginning of 2018 respectively, thereby reducing the leasable area.  Gross profit from rental and service of warehouses, distribution centers and factories for 2018 stood at THB 485.8 mm, which decreased by

procurement process. In 2018, the Company delivered the large-scale projects with a value of more than 100 million baht such as a project of mobile signal and high-speed internet in a border area, a project of

previous year by Baht 15 Million or 0.8 percent mainly from the suburban expressway Sector D due to the increase in traffic volume, resulted from the development of the Eastern area. Furthermore, although

monetization to HREIT and WHART last year, thereby reducing the leasable area. Gross profit from rental and service of warehouses, distribution centers and factories in the second quarter of 2017 was THB 166.0

IPO proceeds and the official economic and investment developing plan for the Country. It has been, however, decided to cease the study of one project on Ram Indra area due to the unsatisfied

. While performance was strong and stable, Suntowers underwent various value enhancement projects, including refurbishment of common area, adding new retail tenants, conversion of a retail space (day-market

venture agreement with Tokyo Tatemono Asia Pte. Ltd. to jointly develop a luxury condominium project in Thonglor area, Soi Sukhumvit 38. Management outlook and future projects Despite the bearish outlook

Thonglor, which will be launched in 3Q19. Another luxury residential project in Ratchathewi area will also be launched within this year. For recurring income project development which the first major project