1929 crash. Kanis Saengchote - Chulalongkorn Business School …rather than being “elements of substance”, real estate prices were “based on the self- delusion that the Florida swamps would be wonderful
revaluation of investment The Company had unrealized loss on revaluation of investment by THB 41.91 Million for the first Quarter 2020, caused from capital market crash compared with the ended of the last year
crash risk. SEC Classification : ใชภ้ายใน (Internal) ACADEMIC CONTRIBUTION ❖ T h e m a j o r i t y o f t h o s e s t u d i e s u t i l i z e C h i n e s e f i r m . ✓ Han et al. (2019): no improvement of
investment in last year. The Company maintained healthy financial position and sturdy debt service capacity with interest-bearing debt-to-equity ratio of 0.56 times. 2019 Outlook Company maintains 2019 outlook
backlog was THB 16,745mn, decreasing by 6.9% as compared to the end of 2018 of THB 17,981mn. Although the JVs had sturdy sales in The Line Wongsawang, The Line Ratchathewi and The Line Phahonyothin Park
healthy financial position and sturdy debt service capacity with interest-bearing debt-to-equity ratio of 0.10 times. 2018 Outlook Maintain 2018 forecast, yet adjust down new hotels opening • Despite Boat
liquidity ratio was 1.35 times. The Company maintained healthy financial position and sturdy debt service capacity with interest-bearing debt-to-equity ratio of 0.09 times. 2019 Outlook 2018 was the final
and small business loan. Although, the non-performing loans affected profitability, but the Thai commercial banking system still remained sturdy. Credit Rating Land and Houses Bank Public Company
loan. Although, the non-performing loans affected profitability, but the Thai commercial banking system still remained sturdy. Credit Rating Land and Houses Bank Public Company Limited is assigned the
higher than that of many high income countries as well as many countries in Asia, with the notable exceptions of Malaysia and Singapore. The SET index fell below the 400-point mark during the crash of 2008