several hotels from a refurbishment program for performance uplift and the cease of operation of Dusit Thani Bangkok (which is the key revenue engine to the group) on 5 January 2019. Aiming to maintain

generate further savings – all in all with an inevitable lower sales volume, but also lower cost base, we expect the per unit EBITDA generation to remain intact in 2020, and as from 2021 onwards we expect to

. While performance was strong and stable, Suntowers underwent various value enhancement projects, including refurbishment of common area, adding new retail tenants, conversion of a retail space (day-market

refurbishment of common area, adding new retail tenants, conversion of a retail space (day-market format) to a 2-storey air-conditioned shopping place “Sun Plaza”. These projects enhanced competitiveness of the

synergy benefit of ~20 $M with cost optimizations.  Integrated EO profitability were impacted due to poor oilfield demand and slowdown in construction sector though margins remain intact.  Poor Gasoline

with expansion of service stations and non-oil businesses, together with constant refurbishment of service stations. While the industrial sales volume decreased, as a result of the optimization of sales

quarter, as Q4/2018 incurred high amounts of disbursement for expenses related to personnel, marketing promotion, and annual service station refurbishment during the end of the year, resulting in increased

of 2019 – touching Baht 30.73/USD, the strongest level in six years. The stronger Thai Baht was seen after the Federal Reserve’ s May 1, 2019 meeting resolved to keep its policy rate intact against the

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending September 30, 2019 Thai economic activity in the third quarter of 2019 continued to see limited support, after growing by 2.30 percent in the second quarter. The Thai economy did show some signs of strength in the third quarter, due mostly to the low base effect of the same period last year, especially in the tourism sector. However, exports and private investment – two major e...

accommodative stance relatively intact in light of easing inflationary pressures amid weakening oil prices in the global market. In Thailand, economic growth for 2019 is expected to decelerate to a range of 3.5