affect from a government adopting a more restrictive lockdown measures in dark-red zones and uncertainty surrounding the COVID-19 situation that will hinge mainly on the rollout of vaccines in order to

introduce several variables intended to control for the firm’s specific characteristics and other macroeconomic shocks and uncertainty. ❑ Following prior literature on political risk and firm value, we

%) 3.Others Income 29.91 21.76 14.40 4.Income from sales unused land 132.59 5.Selling &Admin Expenses , Interest Exp. 205.96 210.06 236.38 6.Corporate Tax 59.92 35.39 45.42 7.Net Profit Before Reserve

economic recovery once the outbreak is contained. Looking forward, the Thai economy will continue to face a high level of uncertainty so the MPC is standing ready to use additional appropriate monetary

economic uncertainty caused by the trade war between US and China, the conflicts in the Middle East and the unpredictability of the political situation in Europe. These factors have impacted to Thailand

Thai economy in the third quarter was still affected by the prolonged COVID-19 outbreak and the uncertainty of the epidemic situation of the new Omicron strain of COVID-19. In order that, the

%) 3.Others Income 20.64 29.91 21.76 4.Income from sales unused land - 132.59 5.Selling &Admin Expenses , Interest Exp. 239.98 205.96 210.06 6.Corporate Tax 43.77 59.92 35.39 7.Net Profit Before Reserve

period last year, which could be largely attributed to the factors as follows : 1. The company had increased other income from gain on sales of the unused land of Baht 193.65 million. 2. The company had

expanded at a slower pace compared with the same period last year due to a contraction in merchandise exports resulting from uncertainty in the trade policies of major countries and the Baht’s ongoing

increased .In addition the Social security revenue of subsidiaries decreased because of the uncertainty of the payment system of Social security office. 2. Cost of hospital operations & Administrative