CENTEL omitted dividend for FY19 operation after previously declared Bt0.55 dps, preserve cash for hotel operation.

Comment: You’ll see a lot of dividend cuts…..

EPG sees FY20 (ending March 20) on par with previous year, helped by solid 4Q from lower raw mat price and weak THB.

Comment: Again love 1/2 the business, hate the other 1/2