investing in real estate projects without having to put up a sizable outlay as normally required in a direct investment in real estate. Furthermore, the investment is professionally administered by experts in

%(y-o-y), mainly were the decreased in personnel expenses, the expenditure on computers and equipment and general administrative expenses. The Cost of services and Administrative expenses have increased

Expenditure THB 40 mn Source of funding apart from Capital Increase Internal cashflow and loan from financial institution Total Project Cost THB 230 mn Project Risk HSMC is exposed to the foreign exchange rate

decrease of Bt11.3 million or 2.9%(y-o-y), mainly were the decreased in personnel expenses, the consulting fee, the expenditure on computers and equipment and general administrative expenses. The Cost of

. Moreover, a good trend in farm income and tourism sector supports continuous private consumption growth. For public expenditure, public consumption is expected to expand more than that of last year, while

expenditure (CAPEX) is estimated at THB 270 million. 2018 Guidance The Company expects 2018 core revenue to grow by 5% driven by higher revenue from room and F&B mainly from Dusit Thani in Phuket, Manila and

for the provision of public utilities by The fixed deposit of the Company is collateral in the amount to 0.8 and 13.7 million baht respectively. 3. Commitments Capital expenditure in the amount to 7.1

both domestic and overseas annually during 2019- 2021 with the estimated average capital expenditure (excluding new investment) at approximately THB 1,000 million per year and the expected EBITDA margin

รส์หรฐัฯ ออ่นคา่ลง ขณะทีใ่นไตรมาสที ่1 ปี 2562 HPC นํา นโยบายการบญัชเีรือ่งเครือ่งมอืทางการเงนิทีเ่ป็นตราสารอนุพนัธแ์ละการบญัชป้ีองกนัความเสีย่งในสว่น ของ Expenditure Hedging มาใช ้สง่ผลใหผ้ลกระทบจากอตัราแลก

automotive business tends to slow down and decrease. 1.2. Sales order of the subsidiaries are unevenly fluctuated due to the dependence on the automotive industry. 1.3. Expenditure on staff Various welfare And