). Moreover, the Thai economic outlook would underperform below the baseline projection because; 1. The global economy could enter a severe recession and Thailand’s tourism sector could take a long time to

: 367 kta PTA: 433 kta Double digit ROCE 700-800 (till Jun’20: 402) Recycling projects PET recycling 2020-2023 ~600kta ROCE 12-14% 700-800 Indorama Ventures 2nd Quarter 2020 MD&A 7 2020 outlook Under the

, reserve and liquidity. Credit Rating LH Financial Group Public Company Limited is assigned the credit rating at “BBB+” with “Stable” outlook by TRIS Rating. Analysis of Operating Results In the first

lower crude oil prices. • Hygiene fibers improved with better demand and stronger outlook. Lifestyle and Mobility Fibers improved in early part of the year though felt the headwinds in March 2020 from

15% Credit Rating Others 25,169 8.7% 24,307 6.9% Fitch National rating: AA+ (THA), Outlook: Stable Total Equity 69,394 24% 75,689 22% S&P BBB+, Outlook: Stable Source and use of fund FY20 (Bt mn

274,481 78% 274,397 77% Retained earnings 51,382 15% 57,103 16% Credit Rating Others 24,307 6.9% 24,722 6.9% Fitch National rating: AA+ (THA), Outlook: Stable Total Equity 75,689 22% 81,825 23% S&P BBB

แบบ delivery versus payment รวมทั้งก าหนดจุดเวลาที่ให้ถือว่าเป็นที่สุด (finality of settlement) - การให้บริการเป็นศูนย์รับฝากหลักทรัพย์ : มีระบบฝาก ถอน โอนหลักทรัพย์ โดยไม่มี ข้อก าหนดที่เป็นการจ ากัด

international sales declined dramatically at 46.03% compared to the same period of the previous year. One of the issues was the delayed product delivery after the license was issued from China Food and Drug

much time in delivery and inspection of the equipment. Therefore, the Company had paid the money to the one. Current portion of long-term loans decreased from the year 2017 due to the repayment of long

delivery charge. 5. Cost of sales of pipes for the year 2019 was 88.15% of income. The cost per income rate decreased from the year 2018 which was 91.56 percent of income. The major reason was the cost of