the end of 2019. The Company emphasizes on the importance of effective management of its capital structure to be resilient towards the volatile money market and capital market, as well as maintain its

rating or investment view on the equity security of the company or related products. Volatility Indicator [V] : A stock is defined as volatile if the stock price has moved up or down by 20% or more in a

while massive capital inflows induced by expected baht appreciation further boosted the market. During the second half of the year, movements of the index were highly volatile, closing the year at 858.1

billion baht placed Thailand highest in the ASEAN region for a third year. Despite a challenging volatile environment, collaboration by all relevant participants helped the Thai capital market achieve a

loss from crude and product oil price hedging contract in the amount of THB 328 million, while in 2017 there was a gain of THB 348 million, a result of the highly volatile global oil market price for the

Management Overall, movements of Thai and US foreign exchange and interest rates were highly volatile during this quarter. The Thai Baht steadily rose against the US Dollar, which could be attributed mainly to

proportion of high value products than the previous quarter. However, inventory loss, including LCM, was higher than in Q1/2019 from the volatile global crude oil price during the quarter. 3. Other incomes

consistent returns for our customers in a highly volatile market environment. Based on the principle of diversification, we have developed novel formats of investment, especially through investment in

estate sector. 2.2 Market Risk Management Overall, movements in foreign exchange and interest rates during this quarter, at home and abroad, remained highly volatile in line with the global market. With

description of whether prices of principal raw materials are volatile. 6    5. A description of the marketing channels used by the issuer, including an explanation of any special sales methods, such as