stable. SG&A The Company selling expense for the year ended 31 December 2019 and 2018 were THB 256.71 and 207.62 million respectively. Selling expense had risen by THB 49.09 million or 23.64% due mainly to
estate development business. Therefore, gross margin of the group of the Company for the past three years is quite stable. SG&A The Company selling expense for the 9-month period ended 30 September 2019
due to perceived growth opportunities. According to Gordon’s (1962) constant growth dividend discount model (DDM), the PE ratio is positively correlated with the expected growth rate but negatively
(Figures 4- 7 in following pages reflect the steady growth of IVL at consolidated level although the regional levels are more cyclical). Business Outlook The doubling of PTA production in The Netherlands
(Figures 4- 7 in following pages reflect the steady growth of IVL at consolidated level although the regional levels are more cyclical). Business Outlook The doubling of PTA production in The Netherlands
YoY with a margin of 43%. Normalized EBITDA was Bt38,659mn increasing 2% YoY, with a margin of 43.7% in line with the full-year guidance of stable YoY. With the 1800MHz spectrum license acquired in Sep
result of a constant growth of the local and international patient base due to the openings of a new hospital (Kasemrad Hospital Ramkamhaeng) and new specialized center in the existing hospital branches
portfolio has continued to grow satisfactorily expanding by 2.1% during 1Q21, the yield on loan for 1Q21 has declined to 6.8% comparing to 7.7% yoy resulting in a stable interest income yoy. Additionally
environment, but its lending and deposits in the third quarter of 2018 grew further, with lending expanding at a higher rate than deposits. Consequently, the loan to deposit ratio has risen from the previous
Bt167mn/month.) Market and Competitive Environment In 3Q19, the competition in the postpaid segment remained fairly stable. There continued to be no new offering on fixed- speed unlimited data in the