2018. This was a result of a decline in merchandise exports owing to the economic slowdown of trading partners affected by trade protectionism and the impact of structural changes in the manufacturing
and the economic situation as principles. Over the past five years, the Company pays dividends to the shareholders fairly in a reasonable rate according to the economic situation in that moment and
should continue to be accommodative so that the economic growth could continue and translate into the strengthening of domestic demand. Notwithstanding this, there are pockets of risks, such as debt
has been greater clarity on the direction of public investment in infrastructure projects, including those in the Eastern Economic Corridor (EEC). These factors have helped underpinning private sector
may, nevertheless, be vulnerable to changes in economic cycle or circumstances A+ A A- A1 A2 A3 A+ A A- Adequate capacity for payment of financial commitments - economic cycle and circumstances are
2.52 3.05 1.85 5.2.3 Risk Factors Business of tourism service operated by the Company significantly depends on the global economic situations and tourism. There are various risks that possibly occur
reappraisal basis, if the businesses can reliably appraise the fair value. Under the reappraisal basis, such reappraisal shall be made with a sufficient frequency to ensure that the book value does not differ
performance, discussing with property manager to appraise and seeking solution for problem solving; (2) REIT manager shall give opinion whether or not and how property manager operates under budget plan or
. Overall market environment The Thai economy continued to expand mainly from 2 key drivers relating to external factors, in line with the recovery of the overall global economic conditions (Global