that Golden Lime and Saraburi Quicklime offers to its customers (high level of supply security based on total 9 kilns in operation, continuous improvement of quality, services in logistics and

slightly declined from the high base of last year. For export sector, exports value remained stable for Q418 from the same period last year due to the high base effect of last year and also from the trade

investment decelerated after showing high growth in the fourth quarter of 2018. Even though private consumption continued to expand, growth was concentrated in only certain product categories. Likewise

a high level, while at the same time the cost for the product’s raw material was on the rise. Management Discussion and Analysis of Business Operation for 2Q/2018 Bangchak Corporation Plc. I 18 5

and responsibilities of high-level management Chapter 2 Availability of competent personnel Chapter 3 Fund management operation system 3.1 Accepting of purchase or redemption orders of investment units

responsibilities of high-level management Chapter 2 Availability of competent personnel Chapter 3 Fund management operation system 3.1 Accepting of purchase or redemption orders of investment units 3.2 Investment

depressions in farm income and high level of household debt while inflation remains at a low level. Other key risks that need to be monitored are the slowdown in global economy especially the Chinese economy

actions that maybe detrimental to the general public, or capital level lower than regulatory minimum requirement. These also include cases where financial institutions are placed in the control of the

was at 20.24 THB/kg, being lower than 3Q2017 CPO price by 2.19 THB/kg or 10% due to the fact that the domestic palm oil inventory remains at high level 400,000 tons in 3Q2018, while in the past

and its subsidiaries increased. Comprehensive net income also improved substantially with high level gross margins. While selling expenses decreased in the current year by comparison to the same quarter