2,281 million, declined from 3Q/2018 by 4% because methyl ester selling price dropped in relation to declined crude palm oil price and glycerine price decreased due to ample supply, though sales volume

Limited Management Discussion and Analysis | 10 ester plant 2. Furthermore, the company also had an impact from a considerable diminishing of glycerine price due to ample supply, attributed to glycerine

COVID-19 would likely be seen around year- end 2020 or Q1/ 2021. The company believes that there would still be an ample supply of secured collateralized NPLs in the market for the company to continue

2020 or Q1/ 2021. The company believes that there would still be an ample supply of secured collateralized NPLs in the market for the company to continue operating efficiently and sustainably going

tourists, compared to 5,872,145 people in the pre-COVID-19 period (Jan-Feb 2020), as travel restriction remained in place. In 2021, the recovery of the Thai economy is expected to be fragile and uneven

. Challenges persisted, including uneven income recovery, restrained spending in mid to low-income segments, high household debt, and global macroeconomic uncertainties. As a consequence, the overall economic

maintains a strong balance sheet with ample liquidity to navigate through market fluctuations. We have consistently reduced our debt, resulting in a solid leverage position with a low Interest-Bearing Debt-to

geopolitical situations remain risk factors affecting economic activities of Thailand’s trading partners. At the same time, uneven recovery of household purchasing power may be further hindered by the floods in

due to short term loan for TTTBB acquisition. Nonetheless, AIS has ample operating cashflow to repay its debt obligation and ensure liquidity is managed efficiently. Leverage Net debt to EBITDA

only gradually picked up. Even then, such growth remained uneven; improvement was seen only in certain businesses and in some areas. On the downside, however, trade policy uncertainty, in particular