estimates net realisable value of inventories taking into the account fluctuations of price or cost directly related to events occurring after the end of the period and movements of inventories and the

amounting to Baht 345 million and Baht 309 million, respectively. The Group estimates net realisable value of inventories taking into the account fluctuations of price or cost directly related to events

–2021 and Q2– 2020 due to relatively high competition, economic recession and the epidemic situation of COVID–19. In addition, -3- some operated projects have higher actual costs than the estimates; as

increased due to the acquisition of Saraburi Quicklime however Capex was kept in line with forecasts which is a major improvement year on year. Capex discipline is a key focus area and in 2019 capital

in 2018. The Bank of Thailand forecasts an increase in GDP of 3.9% for 2018 driven by the marked uptick in infrastructure spending, tourism and continued recovery in private consumption. Consequently

forecasts signaling GDP will fall by up to 6% compared to 2019. The export sector has been affected by declining demand from trading-partner countries, while the tourism sector has been severely impaired by

increase went from 1.5% in April 2022 to 20.7% in September 2022, contribution largely from Vietnamese, Malaysian, and Singaporean tourists. In addition, the company forecasts that in 2023, revenue from

Thai Tourism Sector in 2023-2024 The Thai tourism sector is expected to continue to recover from 11.2 million tourists in 2022 to 27.1 million in 2023 and forecasts 36.6 million in 2024. During June 2023

, our forecasts going forward shows better performance for the second half of 2024. Yours sincerely, (Mr. Yeap Swee Chuan) Chairman and President http://www.aapico.com/ http://www.aapico.com/

, while domestic demand dropped by 25.3% to 438,659 units. The Federation of Thai Industries (FTI) forecasts total production for 2024 at 1,700,000 units, with production for export estimated at 1,150,000