) (15) 269% Maintenance capex (26) (22) (22) 16% (103) (91) 13% Cash Flow After Strategic Spending (362) 107 (93) 289% (202) 238 Net financial costs (42) (23) (42) 0% (129) (129) 0% Income tax (17) (8

consumers have more concerns about spending and sugar intake. RTD fruit juice market and growth is as shown in figure 2 (Source: Nielsen). RTD fruit juice market has been dropping since the beginning of 2017

export prices along with global crude oil prices. Meanwhile, tourism sector and private consumption continued to expand especially on account of spending by medium and high income households, although

the impact of US sanction which led to the depreciation of Russian ruble. However, domestic demand continued to expand, private consumption expanded well in most spending categories thanks to the

) (25) (11)% (100) (97) 3% Cash Flow After Strategic Spending (216) (362) 21 (439) 71 Net financial costs (20) (42) (23) (10)% (127) (126) 1% Income tax (25) (17) (11) 124% (82) (52) 58% Dividends and

the impact of US sanction which led to the depreciation of Russian ruble. However, domestic demand continued to expand, private consumption expanded well in most spending categories thanks to the

enterprises’ spending, and private investments driven by increased manufacturing capacities in many industries. Overall, the Thai economy will continue to grow, which in turn could be affected by the

attributed mainly by number of factors, namely 1.) Growth in Tourism sector from visa-on-arrival measure and Hong Kong disturbance which reflects an increasing in tourists 2.) Government spending for

spending rewards points (November 2019) 10. The Company received the Superbrands Thailand 2018 Award. The Award was voted by consumers throughout Thailand, marketers and journalists and a final vote was made

postponement must not hinder the core business, and has to follow the principles of law and must give utmost regard to safety. As such, the company group was able to decrease OPEX spending by approximately 20