forecast some of the factors that contributed to our over performance in the first half to ease towards the end of the year we look forward to a strong H2. On the cost side we face some headwinds in variable

quarter of 2019 (2Q/2019), total revenue from sales amounted to THB 3,754 million, an increase of THB 140 million or 3.9%, consisting of domestic and overseas sales at the proportion of 53:47, respectively

’ attention and increase a firm’s investment visibility (Brown et al., 2009). Main Explanations Growth and Risk – What? • Although growth and risk seem as two distinct inputs, recent research suggests they are

to increase selling price in Traditional trade and Cash van channel starting from July 2018. The increase in price reflect the increase excise tax and management’s policy to get competitive rate of

overhang” reduces investment levels by 1-2% for each percent increase in leverage ratios (Hennessy et al., 2007). 3 https://go.microsoft.com/fwlink/?linkid=2006808&clcid=0x409 SEC Classification : ใชภ้ายใน

to the continuously rising price of cullet which is the key raw material in the production process of amber glass bottles causing the packaging cost to increase considerably. However, the Group

optimizing costs has shown good progress. This will continue as the impact from the integration of Saraburi Quicklime has an effect. On the variable cost side fuel costs were higher than in the same period

decreased by -6% as a focus on optimizing costs has shown good progress. On the variable cost side fuel costs were higher than in the same period last year and also in fixed costs related to production

free float should increase or not. Moreover, the investor could apply the relationship between free float ratio and shareholder wealth on their investment decision as the value investors. Working Paper

1 August 17, 2018 Subject: Capital Increase for Offering for Sale to Specific Investors (Private Placement), Connected Transaction, Amendments to Articles of Association/Objectives of the Company and