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Microsoft Word - Ref FPI.020.2017.doc Ref. FPI.020/2017 9 August 2017 Subject : Management Discussion & Analysis of Performance Results of Quarter 2/2017 To : Board of Directors and President of The

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ratio is 0.85 times and lowers than the same period last year. JAS Asset Management Discussion and Analysis, Q3/2019 Page 4/4 Forward Looking Currently, The Company is delivering the condominium units the