cost, and help increase the liquidity of the business. The Company has cautiously planned and implemented the inventory reduction process to avoid the shortage or loss of sales opportunities

piling works with the plan to be completed in June and December 2020, respectively. Residential project sales is planned to started around mid-2020. Sales gallery and mock-up rooms are on progress and to

customers and stakeholders. As a result, EBITDA expects to grow at a mid-single digit rate. Continued investing in growth opportunities with optimization discipline CAPEX is planned to be around Bt27-30bn

intended purpose or planned budget, supervision of property manager ensuring operation is in accordance with strategic plan and 10 REIT management policy to be able to increase revenue and reduce risk from

Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the year ended December 31st, 2018 Management Discussion and Analysis of Business Operation for FY2018 Bangchak Corporation Plc. I 2 Table of Content Management Discussion & Analysis of Business Operation 03 Executive Summary 05 Important Events 08 Statement of Income 10 Business Performance 10 Refinery & Trading Business Group 15 Marketing Business Group 17 Power Plant Business Group 19 Bio-Ba...

decreased from the previous year due to planned annual maintenance, while in 2016 the Ethanol plant had been in operation for 4 months, thus was not subjected to maintenance. 3. Average selling price of

attack of the large Saudi Arabian refineries in this past September. During this quarter Bangchak refinery had a utilization rate of 110. 8 KBD due to the planned maintenance of the Hydrocracking Unit to

. The company has planned three main practices to achieve this goal. • The first synergy are operation and maintenance, which could be assessed as 89% of the total amount of the synergy value. The

be allocated to the investors, provided that the system for making payment and delivering securities of the relevant foreign stock exchange is taken into consideration; (2) the value of such issued

shares arrangement at a par value (Baht 1 per share), together with cost of additional share purchases, and cost of exercising rights to purchase newly issued shares of NINE allocated to the existing