., Nongeiroon, Banbueng, Chonburi, Thailand 20220 Tel. 038-160707 Fax. 033-047348 www.ndrubber.co.th No. NDR003/2020 27 February 2020 Subject: Management Discussion and Analysis (MD&A) Report for Business
redemption under the requirement of such ETF . “ management company ” means a securities company licensed to undertake securities business in the category of mutual fund management. “ foreign exchange ” means
units by accepting assets as a redemption under the requirement of such ETF. “management company” means a securities company licensed to undertake securities business in the category of mutual fund
a securities company licensed to undertake securities business in the category of mutual fund management. “foreign exchange” means [i] a juristic person established under foreign law which offers
were Baht 218 million, similar to the first six-month period of the previous year. The Company’s brokerage fee from securities and derivative business decreased but there was an increase in the retaining
management, and by becoming more Customer-centric. In the remaining second half of 2018, the Company will focus solely on expanding the HomePro S business, particularly in Greater Bangkok, where purchasing
as securities business operator in the category of mutual fund or private fund management or under custody of a securities company in its position as fund supervisor or custodian; (2) a financial
the same period in 2016. This was due to the termination of the programmed co-production agreement before the due date at the beginning of 2016 but no revenue recognition from other business, which was