intrinsic value of the assets and business based on historical and potential earnings and cash flow of the business. It has been valued by a range of valuation methods including relative valuation as

for all units to be sold appeared longer.However, the Company’s projects are luxury condominium projects with price range above THB 10mn per unit. For the plan to launch luxury condominium projects

that selling price was less than THB 3.00 million. MK housing projects were in this price range. All of these factors caused the Company to maintain sales of real estate business closed to the same level

eight- year low in March. To soften the blow, the government announced various new fiscal measures, which now total THB 1.5 trillion (8.9% of 2019 GDP) and range from financial support for employees and

range of investments. The Company’s gains and return on financial instruments were derived from a variety of products, including, derivative warrants (DWs), over-the-counter (OTC) derivatives, investments

overseas customer and management’s effort to diversify into more higher value product range led to higher revenues. Thailand operations were very strong; recording 22.4% growth year-on-year. Portugal

from the momentum of Babi Mild Sweet Almond range launched in Q2’19, and on top with the new products launches in Q3’19, including Twelve Plus whitening plus roll on and Twelve Plus perfume card. Joint

fluctuated in 2019 (in range of 35.50 – 14.00 Baht/Kilogram, with variance of 21.50 Baht/Kilogram), where CPO price was higher fluctuated than in 2018 (in range of 23.00-16.00 Baht/Kilogram, with variance of

personal care revenues recorded at THB 678 million, an increase of 0.5% YoY). The growth driver were the continued success of Babi Mild from the momentum of Babi Mild Sweet Almond range launched in Q2’19 and

for the use of spectrum, towers, and equipment. Overall, we expect the consolidated EBITDA margin to improve and stay in the range of 42-44%. The total cash CAPEX (excluding spectrum payment) is