-based growth in household purchasing power. At the same time, inflation remains subdued though it is expected to slowly rise. In this regard, the MPC judged that accommodative monetary policy stance would
marketing margin declined from the rise in crude oil price in Q1/2019, which caused the finished oil products cost to increase, while the retail price was slower to adjust. Moreover, with the price fix for
Metropolitan Area (BMA), 18 projects in the provinces, and 1 project overseas), 30 food centers, 7 office towers, 2 hotel properties, 9 high- rise residential projects, 3 of which fully transferred, 4 of which
/DB) was as well widened, affecting crude cost to adjust upwards. From the rise in average crude oil price during this quarter there was an inventory gain of THB 450 million, and a gain from oil hedging
be cautious upon 1) Crude oil and commodity prices trend - recovering trend will aid Thailand's inflation to rise which in turn will result in rise of farm income and ease Thai Baht appreciation via
at THB 12,894 mn, an increase of 2.1% YoY. The rate of increase is lower than the growth in revenue from rent and services, courtesy of effective utility cost management. The rise in cost comes from
% YoY. The rise in cost comes from the following factors. • Utility costs, a major component (accounts for approximately 30% of cost of rent and services) for shopping mall operations, increased from the
at THB 6,717 mn, an increase of 7.3% YoY). The rise in cost is higher than the increase in revenue and comes from the following factors. • Utility costs, a major component (accounts for approximately
, sales & marketing expenses for the launch of new residential projects, write-off/impairment of asset, one-time income/expense, etc. Residential Business As the Company’s high-rise projects – namely ‘The