characteristics is presented in Table 1. The small industry sample sizes mean it is difficult to draw definitive conclusions regarding industry reporting trends, although the data does allow us to offer robust
marginally from the previous quarter to 40.70 percent, it was better than the target. Meanwhile, our robust capital position was sufficient to cushion against risk, and greater than the Bank of Thailand’s
the consolidation of PET in India and PTA in Indonesia. EBITDA contribution in this segment improved for the contracted businesses in the Western markets. In the Fibers segment, we benefitted from M&G
(Egypt and Brazil), and the consolidation of PET in India and PTA in Indonesia. EBITDA contribution in this segment improved for the contracted businesses in the Western markets. In the Fibers segment, we
% YoY to THB 6,976mn, preeminently due to full year consolidation of the hotel business in Europe and from acquired assets under the Entire Business Transfer of Unicorn Enterprises Limited (EBT of UE
revenue was THB 47mn. In this quarter, MACO recognised the full-quarter consolidation of VGI Global Media (Malaysia) Sdn. Bhd. (“VGM”), which started since July 2019. However, the operation in Malaysia and
and strengthening domestic demand, growth in the ASEAN-5 (Indonesia, Malaysia, the Philippines, Thailand, and Singapore) economies is projected to remain robust at around 5% for the fourth quarter of
by MSCI (with country GPR data availability) between 1985 and 2019, from Refinitiv Datastream. ❑ Dependent variable used to measure firm value is Tobin’s Q. ❑ To ensure the results are robust, we
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Oster’s (2019) testing for coefficient stability. Our results survive all the robustness checks and thus appear to be strongly robust. Therefore, our results likely reflect a causal effect, rather than a