due to lower prices. Net debt to equity is at 0.99 times, well below IVL’s covenants, and supported by stronger operating cash flow. The dividend payout of THB 1.225/share for 2019 remains higher than
rationalization. The Company has been actively managing its hotel assets to maximize their potentials to generate returns for strategic re-investment. Education Business: remains under pressure by demographic and
maximize their potentials to generate returns for strategic re-investment. Education Business: remains under pressure by demographic and sociological change as well as education disruption in the digital age
calls would have some short term impact. As lockdown period remains uncertain and social distancing continues, telecom remains to be essential service to both personal and business communication. Mobile
go into daily necessities and non-durable consumer goods having inelastic demands. • Liquidity in the company remains high with cash and cash equivalents of US$0.6B and unutilized credit lines of US
exports will continue to slow down as the global economy and the Thai baht exchange rate remains fluctuates and has a trend to appreciation. Domestic economic conditions are expected to be boosted by
%. The increase is in line with our expectation of demand of HR technology and services in local and overseas markets. Our order book remains strong and the sales pipe lines is healthy, especially in
remains outstanding (open interest); (4) the amount and type of asset deposited as margin or for settlement of derivatives contract on maturity; (1) the profit gained from derivatives position and the