additional support from the government project. Meanwhile, government spending remains the main supporting factor for the Thai economy even in this quarter slowed down as the delayed in budget disbursement. As

market decreased 1% YoY. Moving Annual Total (MAT) September 2019 of domestic RTD fruit juice market was Baht 11,591 million. RTD fruit juice market value and growth is as shown in figure 2. Figure 2: MAT

main driver in increasing the cost-to-sales ratio from 53.1% to 64.4% in this year. VGM’s cost structure is higher than MACO’s domestic business due to higher expenses from concession in Transit and

continued to decrease 4% YoY. Meanwhile, Moving Annual Total (MAT) June 2019 of domestic RTD fruit juice market was Baht 11,690 million. RTD fruit juice market value and growth is as shown in figure 2. Figure

increasing or decreasing from changes of inventory at the end of period. Page 2 2. Overview of Domestic Economy and Ready-to-Drink Fruit Juice Market In 2019, moving Annual Total (MAT) Year 2019 of domestic

information necessary to evaluate the environmental impact of their Green Bond investments; and they assist underwriters by moving the market towards expected disclosures that will facilitate transactions. The

investments; and they assist underwriters by moving the market towards expected disclosures that will facilitate transactions. The SBP recommend a clear process and disclosure for issuers, which investors

underwriters by moving the market towards expected approaches to structuring and disclosures that will facilitate credible transactions. The SLBP recommend a clear process and transparent commitments for issuers

selling, transferring, leasing out or granting the rights in the infrastructure asset to the trust in the manner that may obstruct the financial advisor from independently conducting the due diligence on

focuses on retail business as the main business under the concept of "The Power of Synergy", an important strategy to create the operating ecosystem generating a return for shareholders. In the past year