due to higher investment in Thai government and state enterprise securities, and partly due to an increase in the value of domestic marketable equity securities. Most investments were in Thai government

investments were in government and state-enterprise securities. As of March 31, 2018, these amounted to Baht 247.8 billion, accounting for 47.4 percent of total investments. The remaining net investments were

ทางบรษิทัผูร้บัเหมาก่อสรา้งโครงการ (EPC Contractor) จะเป็นผูร้บัผดิชอบในเบือ้งตน้ ขณะน้ี PNPC อยูร่ะหว่างการประเมนิสถานการณ์รว่มกบัผูร้บัประกนั และรฐับาล สปป. ลาว ไดแ้ต่งตัง้คณะกรรมการ (National

Exchange of Thailand on December 16, 2019, and the transition from state enterprise to a fully commercialized public company. The main objective is to establish the efficiency and strength to our core

20,904 19,849 34.5% 41.7% General investments 34,478 33,142 31,585 4.0% 9.2% Total net investments 584,481 575,605 556,788 1.5% 5.0% Most of the net investments were in government and state-enterprise

the net investments were in government and state-enterprise securities. As of June 30, 2018, these amounted to Baht 317.1 billion, accounting for 53.9 percent of total investments. The remaining net

the net investments were in government and state-enterprise securities. As of September 30, 2018, these amounted to Baht 321,890 million, accounting for 53.8 percent of total investments. The remaining

% 10.3% * Including net investments in associates Most of the net investments were in government and state-enterprise securities. As of September 30, 2019, these amounted to Baht 301,320 million

earnings 24,675 8.7% 22,098 7.7% 2027 9,000 - - - Others 25,752 9.1% 25,938 9.0% Total Equity 50,427 18% 48,036 17% Credit Rating Fitch National rating: AA+ (THA), Outlook: Stable S&P BBB+, Outlook: Negative

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