minimum return an investor can expect on any asset is usually the same risk-free rate of return combined with a margin of return to compensate for the risk (Murphy, 1990) 3 Background(Cont.) •Cryptocurrency

obtained “Very Good” or “Excellent” overall corporate governance scoring under the IOD “Corporate Governance Report of Thai Listed Companies 2014” combined with the assessment results of at least 70 percent

in 20172, mainly due to an ongoing postponement of festivities subsequent to the mourning period over the passing of His Majesty King Bhumibol Adulyadej and the shrinkage of advertising spending in a

agreements of Riau Combined-Cycle Power Plant Project in the Republic of Indonesia On March 20, 2019, PT Medco Ratch Power Riau, an indirect joint venture that the Company held a 49 percent stake through RH

we expect challenges in terms of volumes. Lime export growth in Thailand has is strong at 33% year to date which is supportive of the domestic market where Golden Lime and Saraburi Quicklime combined

months of 2021, the Company aims to generate the sales volume of 8 billion THB and launch 9 new projects with the combined value of 8.5 billion THB i.e. 3 residential condominium projects and 6 single

primarily in the steel and construction segments. Combined with the ultra-weak sugar season that ended early in April, the burnt sales volumes were under significant pressure resulting an 8% lower sales

. Total Sales Volume 5,100 3. Total Backlog 4,900 2,100 7,000 - Translation - In Q4/2019 and 2020, the Company prepares to launch 10 new residential condominium and single house projects with the combined

PET, Packaging and Specialty Chemicals are now grouped under Combined PET given the inter-related nature of their businesses. Table 2: Segment Results (New Grouping) Full year $million (except where

has started the production line of crispy and grilled seaweed at the Rojana factory in order to support the sales in the export market and combined with the issues of changes of the Myanmar workers