total return is expected to underperform the relevant benchmark* over the next 12 months. *Relevant benchmark by region: As of 10th December 2012, Japanese ratings are based on a stock’s total return
OPEC’s lowered heavy crude export after production limitation were put in place since the past January. While the closure of Japanese refineries 10 | Management Discussion and Analysis of Business
recorded THB 259 million, most of the loss was THB 255 million from the Foreign Exchange Forward Contract made by BCPG, to hedge against volatile exchange rate, for its investment in the wind power plant in
from THB 20.9 Mn in 2016 to THB 20.1 Mn in 2017, a decrease of THB 0.8 Mn. This was mostly due to the losses from recently acquired Thai food business “Tummour” and premium Japanese food brand “Sushi Cyu
of THB 4,000 million, with coupon rate of 2.13 – 3.42%, and a tenor of 2-7 years. September o BCPG Plc. sold assets of its two Japanese power plant projects which are the Nikaho and Nagi project
the Thai Baht to be volatile and stronger against the US Dollar as well as the interest rates to be volatile and decline. Meanwhile, the Public Debt Management Office (PDMO)’s bond switching wherein
and substitute their gambling activities for stock market activities which will result in a loss of gambling performance during periods of volatile equity market performance. GR investors by their
THB 0.8 Mn. This was mostly due to the loss from recently acquired Thai food business “Tummour” and premium Japanese food brand “Sushi Cyu”. Net Profit The net profit decreased from THB 89.6 Mn in 2016
working capital. Tax Expenses Income tax expense increased from THB 12.2 Mn in 9M17 to THB 25.1 Mn in 9M18, an increase of THB 12.8 Mn. This was mostly due higher profit from Japanese and Thai restaurants
%. This was mostly due to higher profit from Japanese and Thai restaurants businesses. Net Profit For the 9 months ending 30 September 2017 and 2018, the net profit increased from THB 49.2 Mn to THB 108.7