E_1 Legal_FA_2015_12_29-c A WWCCoorrppLL44..11hhiigg A Executive Summary 1 Management Discussion and Analysis For the Year Ended December 31, 2017 In 2017, Thai economic growth gained traction, buoyed by strong recoveries in tourism and exports. This growth momentum is expected to carry on into 2018, especially amid a brighter outlook in public and private investment. Nonetheless, the business sector remained challenged by new modes of competition in a broader marketplace amid the advancing digi...

E_1 Legal_FA_2015_12_29-c A CorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2019 Thai economy in 2019 showed decelerating growth at 2.4 percent compared to 4.2 percent in the previous year.The slowdown could be attributed to exports which contracted further due to the stronger Baht and a global economic slowdown. In addition, the investment environment of both the public and private sector remained weak, and private consumption, albeit gro...

petroleum products traded with partners abroad in the form of Overseas Trading (Out-Out) , and the trade of Low Sulphur Fuel Oil products that were further upgraded to be more valuable product. The market

the Company every year since they were first launched in 2009, and has provided Thai investors with a valuable investment alternative. Despite the hedging losses in Q1 2020, due to the extreme market

Rating for the year 2019, be acknowledged. TRIS Rating upgraded the Company rating and the ratings of the Company’s outstanding senior unsecured debentures to “A” from “A-”. The rating upgrade reflects

to the investment in machinery of new production line, and Intangible assets increase Baht 0.92 million due to upgraded the accounting software to current version. 2. Total liability, the company had

upgraded the CPN’s rating and debentures to “AA” with “stable” outlook. As of 30 September 2017, outstanding interest-bearing debts was THB 17,967 mn, comprising of 78% fixed and 22% floating interest rates

help expand the customer base and create ecological system. FSMART will have a complete database to contribute more valuable things in the future.

. FSMART will have a complete database to contribute more valuable things in the future.

Directors Meeting of the Company No.6/2019, which the Audit Committee is also attended, has considered information regarding the investment and deemed that this transaction is reasonable and valuable to the