the revenue based on the past operating results and taken into account the average growth in spending in the industry. Therefore, the Board of Directors is of the view that the assumption of revenue
uncertainties that could pose a risk to the Group include changes in government and political strategies which impact consumer attitudes and spending, changes in 8 client purchasing power and the value of
global trade volume affected by trade tensions and the impact of structural changes in the Thai economy on export sector. Public expenditure and private investment would expand slower than the previous
support of investment and private spending as well as bolstering opportunities for other economic sectors. Nonetheless, protectionism triggered by the US-China trade dispute dealt a blow to global economic
postponement must not hinder the core business, and has to follow the principles of law and must give utmost regard to safety. As such, the company group was able to decrease OPEX spending by approximately 20
investment Cash Purchase of investment in subsidiary and affiliated Sale of investment in subsidiary and affiliated Cash spending for Purchase of property, plant and equipment Cash receiving from sale of
Cash spending for Purchase of property, plant and equipment Cash receiving from sale of property, plant and equipment Net cash flows from investing activities Cash flows from financing activities
investment in subsidiary and affiliated Cash spending for Purchase of property, plant and equipment Cash receiving from sale of property, plant and equipment Net cash flows from investing activities Cash flows
.) Government spending and investment in infrastructure despite a lower rate of growth due to the delay of government establishing and pending promulgation of 2020 capital expenditure 3.) growth in private
weaken. Although the government has policies to help the cost of living of people at the grass-roots level, it focuses on spending of the essential consumer products only. In addition, there was a factor