& Analysis Management Discussion & Analysis (MD&A) Q1/2018 3 • Energy Consumption in Q1/2018 Thailand’s economic overview for Q1/2018 indicates that the Gross Domestic Product (GDP) has been revaluated to grow

the Thai capital market, the country?s economy and be attractive investment alternative.The Federation of Thai Industries (FTI) Chairman Payungsak Chartsutipol said, ?It is FTI policy to enhance

underlying products, for example. Solicitations for initial investment start at around 300,000 baht with attractive high returns to lure investors for immediate investment decision. The unlicensed companies

and provide more attractive investment choices.?Weerasak Kowsurat, Secretary-General of NFTFA, said that ?The NFTFA is very pleased to see the SEC initiative to welcome ?creative industry? to the

become more attractive to investing public as an alternative to traditional savings. For potential and new investors, mutual fund managed by professional managers would be a suitable investment choice. For

Contents Page Executive Summary A 1. Overview of Operating Environment 1 1.1 Global and Thai Economy in the Second Quarter of 2017 1 1.2 Banking Industry and Competition 2 1.3 Regulatory Changes 3 2. Risk

very attractive in new line of business. The concession provides the exclusivity and company is a sole player within an area.  Company shall receive the Internal rate of return from a project of at

Contents Page Executive Summary A 1. Overview of Operating Environment 1 1.1 Global and Thai Economy in the First Quarter of 2018 1 1.2 Banking Industry and Competition 2 1.3 Regulatory Changes 2 2. Risk

wide acceptance and recognition at home and abroad. C Contents Page Executive Summary A 1. Overview of Operating Environment 1 1.1 Global and Thai Economy in the Second Quarter of 2018 1 1.2 Banking

million Baht by 38.67% from Baht 87.43 million to Baht 53.62 million cause from the industry overview are slowdown from the last year. Cost of good sold decreased 37.75%, it decreased in portion of