, the Company maintained a credit rating of BBB+ from S&P Global rating and being upgraded to AAA(tha) from Fitch Ratings. The company places an importance to maintain its credit rating in the interest of
, the provision of credit ratings for the issuers with major shareholders or management having a negative reputation or record in lieu of corporate governance will be avoided. The TRIS Rating will also
Consultant Company Limited on 11 October 2017, who are appraisers on the approved list of the SEC. They have appraised each plot as follows; Title deed number 72763 : 45,000 Baht per Square Wah. Title deed
represented the appraised value reviewed by the independent appraiser. Page 2 of 8 Singha Estate Public Company Limited Management Discussion and Analysis 3Q2019 In October 2019, SET announced that S was listed
Adjusted Book Approach method (Book value as of December 31, 2017 is THB 213.55 million) which was appraised by Phet Siam Appraisal Company Limited, an independent appraiser approved by the Securities and
project value at completion was appraised by Sasirachada Co.,Ltd. ** Recoverable amount as at the agreement date is calculated on the project value by cost approach at the shareholding proportion 80%. Basis
including machines (appraised by Prospec Appraisal Co., Ltd.) as follow: no Item Book Value as of 30 Sep 2017 (THB Million) Fair Value (Nov 2017) (THB Million) 1 Land (2 plots with title deeds no. 2182 and
entitled to renew the lease for further 3 years of each lease period. The leased price is 240 baht per square wa per month), which is appraised leased price by GPV Global Properties Valuation Co., Ltd. (an
the companies’ shares have reasonably. Based on the implementation and the appraised value of land from independent appraisers. 9 . The opinions of Audit Committee and/ or directors different from the
. Although this circumstance is not a normal transaction of the Company, the Company had to issued credit notes and received program rights return of Baht 220 million to maintain business relations with the