23_MDA Q3_2563 EN -Translation- No. ECF2 038/2020 16 November 2020 Subject: Management Discussion and Analysis of the 3rd quarter and 9-month period ended 30 September 2020 To President The Stock

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investors and eligible to analyze investment related to the value or appropriateness for trading or investing in capital market products whether or not the analysis is fundamental or technical, in conjunction