Excavation 3 Soil and Coal Milling Project at Mae Moh Mine, Contract No.6 decreased. Due to heavy rain in the project area, the operation could not be done at full capacity resulting in the loss from regular

. KEY BUSINESS AND STRATEGIC UPDATES 1) ADVERTISING – LAYING A STRONG FOUNDATION FOR GROWTH BY MAKING STRATEGIC PARTNERSHIPS AND CREATING INNOVATIVE PRODUCTS  VGI GLOBAL MEDIA PLC   INTELLIGENT DIGITAL

PowerPoint Presentation ©2015 Morningstar, Inc. All rights reserved. Kittikun Tanaratpattanakit Senior Research Analyst Morningstar Research (Thailand) Ltd. Intelligent Financial Planning Decisions 2

the beginning of the fourth quarter of 2017.  Other sales and services revenues increased 23.4%, as a result of higher revenue from agricultural machinery services, sales of fertilizer, soil

can have no net positive impact, or even a negative impact on climate change mitigation and/ or on the resilience of ecosystems to climate change through changes to water quality, biodiversity and soil

stands for timber production The purchase of equipment and cost of resources needed for planting and replanting activities (such as seedling production, soil preparation, and seedling planting, nursery

soil preparation process such as Discs and Dozer blades during May – August. While in 2018, most customers’ orders for products that use in soil preparation process were received mostly during March

. Fama and French, 1993) Motivation Explaining Value Data Results Conclusions Conclusions • “Price is what you pay, value is what you get” – Warren E. Buffett • “Margin of safety” – The Intelligent

(“Saraburi”) into final receivership. The Company and Saraburi are the parties to a joint venture agreement, NWR)SBCC Joint Venture, to carry out a soil and coal extraction and transportation work project at

receivership. The Company and Saraburi are the parties to a joint venture agreement, NWR-SBCC Joint Venture, to carry out a soil and coal extraction and transportation work project at Mae Moh mine, Lam Pang of