that are difficult to detect. For example, (1) fraudulent transactions through a subsidiary located overseas that has obscure business objectives and is hard to inspect, (2) trading transactions and
additions also came from fiber assets acquired in 2018 & 2019 (Avgol, Kordana, Schoeller, UTT). The EBITDA however decreased 29% YoY due to depressed margins in IPA business and lower Rotterdam production
additions also came from fiber assets acquired in 2018 & 2019 (Avgol, Kordana, Schoeller, UTT). The EBITDA however decreased 29% YoY due to depressed margins in IPA business and lower Rotterdam production
from the announcement. Financial structure The Company emphasizes the importance of financial structure management efficiency which should be flexible in difficult circumstances and able to maintain the
because of Baht appreciation. Business outlook for Q1/2020 was expected that Thailand economy would be depressed compared to the same period of 2019, in line with economic and the slowdown of private
depressed. Average Price 3Q2019 3Q2018 %YoY 2Q2019 %QoQ 9M2019 9M2018 %YoY (USD per ton) Fatty Alcohols (1) - Short Chain 2,848 3,822 -25% 3,030 -6% 3,042 3,761 -19% - Mid Cut 1,033 1,351 -24% 1,110 -7% 1,128
start of this project are lower than buying new lands for development. At present, to procure or to collect big plots of land that have adjacent area are quite difficult and use a lot of investment funds
majority and sheer number of parties, governing could prove difficult. A large stimulus package is expected and large-scale projects are likely to go ahead. This should help boost the economy going forward
locations, also forecast economic growth4 to contract by -6.2% and -4.4%, respectively. This year will, therefore, be a most difficult year for all businesses. For MACO, we expect the Company’s performance to
economic front and greater political issues. Therefore, 2020 will be the most difficult and unpredictable year for the Company. For MACO, we expect the Company’s performance to be negatively affected by the