Chairman

The transformation of the Company’s business structure into a Holding Company, in complement with the nature of the business, has allowed the Company to receive revenue streams from two core businesses which are energy and property development. The Company believes that jointinvestment and co-management in high potential business will be the business strategy that can provide a superior performance in the long run.

In the property development business, the Company holds a 48.25% stake in Sammakorn Public Company Limited (“SAMCO”), a property development company that focuses on developing single-detached house, townhome, and condominium projects. SAMCO continues to generate sustainable performance. Currently, there are six projects and four new projects under development which will be launched by the year 2018. The Company has change its shareholding structure in the community mall business, consisting of 3 malls under the brand Sammakorn Place, by allowing SAMCO to increase its stake to 100% for increase in operational flexibilities. Furthermore, SAMCO has plans to expand and continues to development more projects with its over 45 years of experience, which the Company believes that SAMCO will continue to provide a sustainable growth in the future.

For the energy business, Pure Thai Energy Company Limited (“PTEC”), has signed the cooperation contracts with ESSO (Thailand) Public Company Limited (“ESSO”) for oil contracts and the use of the Esso trademark rights and to improve strengthening in retail oil business operations, changing gasoline service station under the "Pure" trademark to be a service station under the “Esso” trademark. This is a great opportunity for PTEC, a subsidiary of the Company to cap oil retail business and strengthens the business under the brand name Esso which is best known in Thailand. It also has a network and marketing plan to meet the needs of customers continuously.

The Company continues to look for options to invest in businesses to help strengthen the Company's business in further, include the business operation strategy of the Company. It will focus on energy investment and alternative energy.

Furthermore, the oil tank farm and deep-sea port business that the Company holds 30% stake in Thai Public Port Company Limited (“TPP”) also provided a better performance in 2017 and the Company will continue to receive dividends from the TPP as well.

On behalf of the Board of Directors, I would like to express sincere gratitude to the shareholders, suppliers, customers, financial institutions, management team, and every employee for your kind supports, companionship, and dedication to help the Company in tough times throughout the year. Please be assured that the Board of Directors and all employees are committed to operate the business with good governance for the shareholders, suppliers, customers, and employees and to turn the business into profitability and generate yields to shareholders as we have done in the past.




Mr. Satja Janetumnugul
Chairman of the Board of Directors