AIA INVESTMENT MANAGEMENT (THAILAND) LIMITED| | Offering Date : 25/03/2022 - 05/04/2022
revenues amounted to 864.1 million baht, same as last year. Chemical Business grew 4% from 725.6 million baht to 755.3 million baht while interest income combined with other income increased 16% from 9.4
THB 2.6B. • Strong performance for Combined PET, given COVID disruption, driven by strong PET demand, higher Integrated PET spread, lower costs, improved PIA margin. • Integrated Oxides & Derivatives
excessive decline is due to pressure from Saudi Arabia discounting the OSP, combined with supply of High Sulphur Fuel Oil declining from regional refineries that were lowering utilization rate due to slumping
as well as investment in machinery and equipment as exhibited by the decreased in domestic equipment sales and decreased in number of registered vehicles for investment purposes, the decline is also
of the virus has caused demand for consumption of fuel around the world to decline with significance. This factor is putting pressure on the price of crude and finished product to drop significantly
decline is also partly due to the high base of last year. Public spending excluding transfers also declined from acceleration in disbursement during last year. Nevertheless, private consumption remains the
a lower core EBITDA of US$201M, due to a significant decline in industry margins and spreads across the business. The decline in margins reflects the sharp contraction in industry- wide spreads across