. Additionally, this can be expanding services to connect Bangkok with well- known cities in Laos. As a result, the Company has total Codeshare partners of 26 airlines which contributed revenue from Codeshare and

million. For Capital market business, the market shares (SET and mai excluding proprietary trading) of Phatra Securities Plc. (PSEC) was 4.55%, decreased from 4.69% in 2017, ranking 7th from total 38

first nine months of the year; 2) the recorded transaction of treasury shares from shareholders’ equity for financial management of 4 million shares during Q1/2018, with total buyback amount of Baht 114

Page 1 of 7 Management Discussion and Analysis 2Q2019 Executive Summary Singha Estate Public Company Limited (“the Company”) reported 2Q19 total revenue of THB 2,355m, increased by 147% YoY. 300

amount 2.23. Therefore the total connected transaction size is 2.44 percent. The transaction size is exceeding to 0.03 percent, but not exceeding to 3.00 percent of the Company’s Net Tangible Assets (NTA

Raw Water Sales 196.3 262.9 66.6 33.9 Wastewater Treatment Services 108.0 152.1 44.2 40.9 Other Incomes from Utilities Business1 150.3 63.5 (86.8) (57.7) Total Revenue from Sales and Services 1,467.5

of tickets - 279.17 (279.17) (100.00) Sale of food and beverages 0.50 102.09 (101.59) (99.51) Other revenue from operations 2.59 59.82 (57.23) (95.67) Total revenues 3.09 441.08 (437.99) (99.30) Other

result of a purchase of ordinary shares in the Industrial Estate. The sales of land in Bangpoo Industrial Estate (North) is the main revenue of the Company in this quarter. 2. The total expenses were Baht

had income from services total amount 452.42 million baht, decreased 8.82 %, mainly caused due to revenue from domestic transport by land. Transfer operations under the operation of the company since

) Interest on margin loans 43.68 6.63 43.68 6.63 Gain and return on financial instruments 120.09 26.18 120.09 26.18 Shares of loss from investments in an associate and a joint venture (14.95) 9.70 0.00 0.00