steel industry participants in all the regions. Careful estimation for raw material purchasing and production cost management is seriously needed in order to cope with the more dynamic business
estate developer and its customers. Although overall economy is soft, the Company’s target group of customers can maintain their purchasing power. For recurring income business, the Company had adjusted
target group of customers can maintain their purchasing power. For recurring income business, in November 2019, the Company kicked off the construction of “Hotel Kitch”, a 72-room hotel that will be
external factors, such as the overall domestic economic condition causing diminishing confidence and lower purchasing power, international trade war, and the appreciation of Thai Baht. The Company focused
measure. As aforementioned and unable to suppression of COVID-19 spreading soon, fatty alcohols market’s purchasing power has been declining. On the supply side, Indonesia and Malaysia, the major producers
quarter of 2020. Thus it will become more challenging for the global steel industry participants in all the regions. Careful estimation for raw material purchasing and production cost management is
reducing the rental fees for a certain period. Residential and Others The residential segment has slowed down before COVID-19 due to the Loan-to-Value (LTV) measures and reduction in purchasing power of
the year. Foreign purchasing power was greatly contracted by the impact of trade war affecting the sales volume while the falling price of raw materials in global market and intensive competition among
disruption to the economy. Businesses and employment were affected by the lockdown measures while consumer purchasing power continued to decline due to the high level of household debt. However, the government
purchasing power of foreign investors, to which the Company has continually adjusted its marketing and selling plans. For projects under development, the progress is still on track and has little impact from