คล่องตัว และประกอบธุรกิจตามความถนัดได้มากยิ่งขึ้น 2. ปัจจุบันมีงานโครงสร้างพื้นฐานส าคัญ (“central utility function”) บางประเภท ที่เกิดจากพัฒนาระบบกลางเพ่ือให้เกิดความประหยัดจากขนาด (economy of scale

commercial bank. (6) Factors Having Impact on Future Operating Results It is anticipated that the economy in 2019 will not be so bright due to the forecast of slowdown in global economic growth. As for

22.35% 432.02 393.62 38.40 9.76% Amortization 76.69 69.78 6.90 9.90% 300.72 279.20 21.52 7.71% EBITDA 534.08 481.22 52.86 10.98% 2,280.92 2,347.33 (66.42) (2.83%) 2. ECONOMIC SITUATION Thailand’s economy

political crisis in many country including War trade crisis between USA and China however the global economy still has continuously growing up. While Thai’s economic has trend to growing lower than

energy drinks products in Vietnam. Given young and large population size with growing economy and rising consumer spending, Vietnam is an attractive market that the Company believes in its growth potential

for the imported raw material and goods because of Baht appreciation. Business outlook for Q4/2019 was expected that Thailand economy would be stable compared to the same period of 2018, in line with

either increasing or decreasing from changes of inventory at the end of period. Page 2 2. Overview of Domestic Economy and Ready-to-Drink Fruit Juice Market At the end of Q3/2019, domestic RTD fruit juice

2018 due to slowdown in Thailand economy. Meanwhile, imports of Hot Rolled Steel increased by 2% to 4.04 MT due to strengthening of THB and the effect of termination of enforcement of Safeguard Measure

broadened its international exposure by launching its energy drinks in Vietnam in Q4’19. The Company expects to capture opportunities from this rapidly growing economy which features a large and young

causing higher inflation, as well as slowdown in Thai and global economy, impacting purchasing power of domestic consumers. Nonetheless, the Corporate Group still adheres to its strategy, namely “Complete