uncertainty or new regulations. In terms of capital, with the inclusion of net profit for the six months ending June 30, 2018, the total capital adequacy ratio, the Common Equity Tier 1 capital adequacy ratio
contract margin is expected and shall offset normalizing spot PET margins achieved in 2018. IVL strong 3Q and YTD 2018 delivery, especially when considering global economic uncertainty, gives us confidence
adequate provisioning expenses against any uncertainty or new regulations. In terms of capital, with the inclusion of net profit for the third quarter of 2018, the total capital adequacy ratio, the Common
trillion to Baht 5.06 trillion, support from REITs and property funds. Due to the global stock markets were volatile, both from the Fed's policy rate hike And economic uncertainty that made overall stock
to closely monitor credit quality and maintain high levels of capital fund and loan loss provisions to withstand a potential adverse impact from economic uncertainty. Credit Rating LH Financial Group
repercussions on the global economy, compounded by a steep recession. It was a grim scenario, with uncertainty looming large. One year later, we stand in a very different place. Brent crude oil price has had a
increased in sales revenue, at the same time the company and its subsidiaries recorded allowance for doubtful accounts totaling 126 million baht, compare to 2017 of 99 million baht, respectively due to higher
below its fair value recorded as the book value of asset, according to the accounting standard, while there was no impairment of asset during 2018. Finance costs for 2018 stood at THB 1,179.3 mm which
-2018, it found that the increased rate of those was higher than the increased in revenue, due in Q4-2018, those had been recorded the additional allowance for doubtful account of overdue receivables and
by higher transfer value of residential properties and fair value adjustments on investment properties recorded in 2018 and 2019. Page 7 of 7 Singha Estate Public Company Limited Management Discussion