with direct variation to the following variables: (a) gold price: (b) index comprising or relating to crude oil either wholly or partially; 2 (c) commodity index; (d) index comprising basket of

02-943-7740 income Jan - Mar 2019 Jan-Mar 2018 (started business on October 1, 2018) Increase (decrease) Million baht percent 1. Crude palm oil CPOA 319.25 - 319.25 100.00 2. oil Refinery 34.19 34.19

because such business has commenced operations on 1 October 2018 as follows: income Jan - Mar 2019 Jan-Mar 2018 (started business on October 1, 2018) Increase (decrease) Million baht percent 1. Crude palm

and Exchange Commission No. So alternative assets, such as REITs/infrastructure funds/ property funds/ private equity/ commodity indices/ gold/crude oil, at an average of not less than 80% of NAV in an

two years.    Vasant Thienhom, SEC Deputy Secretary-General, stated that Presently, many investors have been solicited by unlicensed companies to invest in futures contracts with gold and crude oil as

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and trust in supporting the Company’s business. 3. Management’s Message Management’s Discussion and Analysis (MD&A) for year 2017 4 Overview of World Steel Industry Chart of world crude steel production

World Steel Industry Chart of world crude steel production monthly, ending 31 December 2017 Source: World Steel Association According to the World Steel Association’s report on world crude steel

on world crude steel production was 428.2 million tons in the Third-Quarter of 2017 and accumulated world crude steel production in the first nine months of 2017 was 1,266.9 million tons, significant

repercussions on the global economy, compounded by a steep recession. It was a grim scenario, with uncertainty looming large. One year later, we stand in a very different place. Brent crude oil price has had a