was at 20.24 THB/kg, being lower than 3Q2017 CPO price by 2.19 THB/kg or 10% due to the fact that the domestic palm oil inventory remains at high level 400,000 tons in 3Q2018, while in the past

slightly increased Baht 4 million by an increase of Baht 1 million from employee expenses while warehouse and related services increased at Baht 1 million to facilitate future inventory volume and an

26,594 million (-38% QoQ, -45% YoY), recorded EBITDA of THB 1,131 million (+144% QoQ, -48% YoY), however recorded Operating EBITDA of THB 2,645 million with Inventory Loss of THB 1,725 million (including

Limited 3. The company has negotiated for inventory management with various brands to reduce the amount of inventory or requesting support because the company is unable to sell products. In which the

spread between finished product and crude oil in every product category, and from the higher average crude oil price; resulting in an Inventory Gain of THB 834 million, exceeding 2016’s. Moreover, there

million (-14% QoQ, -5% YoY). EBITDA was recorded THB -2,546 million (-205% QoQ, -230% YoY), whereas Operating EBITDA was THB 1,173 million. With Inventory Loss recorded at THB 3,434 million [including

Baht appreciating against the US Dollar affecting the value of the company’s inventory, resulted in this quarter’s Inventory Loss of THB 1,163 million, negatively affecting the refinery’s business

newspapers. Baker, Bloom, and Davis (2016), for example, develop an index for economic policy uncertainty (EPU) by analyzing uncertainty-related words in newspapers using textual techniques. Their text-based

to an inventory gain of THB 856 million. However, there was a loss from crude and product oil price hedging contract at THB 75 million. Furthermore, the refinery planned to manage the stocks of

Inventory as of September 30, 2019 is in the amount of 127.25 million baht increased by 16.77 million baht when compare to last year. This resulted from the fact that this quarter is low season so there was