position of PCCA shows a relatively low rate of liquidity, namely, in 2017, PCCA’s ratio of current assets to current liabilities amounted to 0. 49 times. Should PCCA’ s operating results improve, its

amounted to 0.49 times. Should PCCA’s operating results improve, its liquidity will improve accordingly. In the long run, it may consider disposing certain assets, e.g., the head office or certain unused

shall be beneficial to the Company as the disposal of such assets will help improve the Company’s financial position by lessening its liabilities and increase its liquidity and cash flows. Page 3 of 6

drastically from the dump sale. However, the situation is temperary and when the outbreak of the coronavirus (COVID-19) is likely to improve and with the fact that the government has relief measures to support

initiatives and cost transformations. The majority are initiatives focused on sales excellence and operational excellence, allowing us to provide better value propositions to our customers and improve overall

. : 3.4. : 3.5. ( ) : (Reverse Repo) . . . . . . 3.6. (Derivatives) : 3.6.1 : (Hedging) P a g e 11 | ( ) KTFFE86 86 Krung Thai Fixed Income FIF Enhanced86 Not for Retail Investors 3.7. (Structured Note

*"$ $ YVVกK488UTUKก!ก KTUKก!ก U$48U! Uก#UU ก & #UU %!N^ก8U ก!8 ก! #3" 4,Kก! 5 8% "!*ก# กUก ก U !,Q YV"!6! 6PPY, *_ (Structured Note) *$"!6! K &,a,"7ก 6!a QK (Non-investment grade) *$"!6! QQK!ก!UKK

provided such as mutual funds and structured products. For 1Q19, the market share 1 of PSEC was 7.32%, ranking 1 st from total 38 brokers. PSEC generated brokerage revenue totaling Baht 286 million

้ กําหนดให gold fund ขยายขอบเขตการลงทุนใหรวมถึงการลงทุนในตราสารที่มี ผลตอบแทนอางอิงกับราคาทองคําไดดวย เชน structured note ที่ผลตอบแทนอางอิงกบัราคาทองคํา เปนตน เหตุผล : สอดคลองกับหลักการจัดประเภท

มน่ำเชื่อถือ (unrated securities) และตรำสำรหนี้ ที่มีกำรจ่ำยผลตอบแทนอ้ำงอิงกับตัวแปร (Structured Note)  กลยุทธ์ในกำรบริหำรจัดกำรลงทุน : กองทุนมีกลยุทธ์กำรลงทุนมุ่งหวังให้ผลประกอบกำรสูงกว่ำดัชนีชี้วัด