% Property, plant and equipment 823.82 52% 712.57 51% Biological assets – dairy cow 47.16 3% 46.27 3% Others 54.68 4% 55.53 4% Total assets 1,567.31 100% 1,385.63 100% Total assets were Baht 1,567.31 million

in associated company 280.49 14% 286.20 17% Property, plant and equipment 779.69 38% 871.72 52% Right-of-used 223.01 11% - - Biological assets – dairy cow 48.53 2% 45.97 2% Others 51.32 3% 48.46 3

assets – dairy cow 49.83 3% 46.27 3% Others 60.49 4% 55.54 3% Total assets 1,612.04 100% 1,407.27 100% Total assets were Baht 1,612.04 million, which increased by Baht 204.77 million from 2018. - Trade and

associated company 432.44 30% 483.96 36% Property, plant and equipment 645.19 45% 558.59 42% Biological assets – dairy cow 46.06 3% 44.28 3% Others 52.80 4% 61.09 4% Total assets 1,441.64 100% 1,345.45 100

124.55 9% 104.83 8% Investment in associated company 397.46 28% 483.96 36% Property, plant and equipment 644.04 46% 558.59 42% Biological assets – dairy cow 45.60 3% 44.28 3% Others 61.05 5% 61.09 4% Total

., 2009). Their evidence indicates that there are valuation premiums for firms surpassing three benchmarks. Several studies suggest that incremental positive effects on prices or returns, also known as

particularly the tourism sector, Q1 outlook is optimistic for Golden Lime as the new dolime product gains traction and with the positive impact from the sugar season. The delayed 3.2 trillion baht budget is

provide a margin of safety with a potential positive returns. Hypothesis construction • Result expectations: Types of investors Total volume imbalances Marketable volume imbalances Retail investors

if the value of their investment decreases Source: Stanford Graduate School of Business Sustainable investment ในตา่งประเทศ SEC Classification : ใชภ้ายใน (Internal) 4 Negative spread Positive spread

effective sales and marketing strategies continued from year 2017 including the launching of new products which were got positive feedback from the customers. Besides, the product segment management and the