weaker to previously average level. Amongst uncertain situation in many countries, Thailand’s post-election government was formed in June. That was a positive factor to promote the country’s stability in

of 2018 were 51.9% and 50.8%, respectively. This gross margin had accounted for the fair value adjustment of the acquired business according to the accounting standards under WHA level. However, the

3Q 2018 REVENUE GROWTH CONTRIBUTION In 3Q 2018, the hospitality segment contributed the lion’s share of total revenue at 89.7%, followed by others (including property management revenue) at 6.1% and

% Inventories 1,009 1,044 -3% Other current assets 184 180 +2% Total current assets 1,948 2,106 -8% Property, plant and equipment 2,136 2,071 +3% Goodwill 244 - - Investments in joint venture 52 53 -2% Other non

นโยบายการลงทุนซึ่งจะส่งผลให้มี net exposure ในทรัพย์สินดังน้ี โดยเฉลี่ยในรอบปีบัญชี > 80% ของ NAV 1.3.1 หน่วย property 1.3.2 หน่วย infra 1.3.3 derivatives หรือ SN ที่มี underlying เป็นสินค้าโภคภัณฑ์ (เช่น

. Transaction parties involved Seller : Thai Wacoal Plc. Purchaser : Saha Capital Tower Co., Ltd., who is a connected party to the company Details of purchaser Type of business : Property Development Registered

% Inventories 1,728 3,861 (55%) Short-term loan to related parties 0 94 (100%) Other current assets 139 268 (48%) Total current assets 2,473 4,438 (44%) Non-current assets Advance payment for purchase of property

property (net) 120.0 100.7 19.3 19.2 Property, plant and equipment (net) 7,985.4 8,129.4 (144.0) (1.8) Advance payments for constructions and purchases of fixed assets 106.3 19.7 86.6 439.6 Rights to service

%) Other current assets 109 175 (38%) Total current assets 1,477 1,864 (21%) Property, plant and equipment 1,983 2,132 (7%) Goodwill 48 52 (7%) Investments in joint venture 72 56 28.5% Other non-current

for obsolete and decline in value of inventories of THB 5.99 million. Decrease in property, plant, and equipment for THB 444.48 million, mainly due to reclassifying PPE to right–of-use assets under TFRS