depressions in farm income and high level of household debt while inflation remains at a low level. Other key risks that need to be monitored are the slowdown in global economy especially the Chinese economy

tourism sectors potentially slowing down partly from the continue trade tensions between the US and China. Meanwhile, consumption could potentially be limited by the depressions in farm income and high

higher wind speed from 2 Tropical Depressions traveled into the area. However, in Q2/2017 share of profit was recorded for 6 months from January to June 2017 after BCPG Plc. has successfully received

, attributed to a decline in share of profit from operations, mainly due to seasonal influence. Q2/2019 is off-monsoon season, reducing wind speed, whereas in Q1/2019 would encounter monsoons and depressions

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 4th quarter and year ended December 31th, 2019 2 Management Discussion and Analysis of Business Operation for FY2019 Bangchak Corporation Plc. | 03 Table of Contents 06 09 29 25 27 31 Executive Important Events Summary Business Performance 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural Resources Statement of Cash Flows Statement Financial Ratios Environment Manag...