factor was 62.7 percent, weakened from 64.5 percent. Passenger yield per RPK was 4.25 Baht, decreased from the second quarter of 2016 by 8.3 percent. Moreover, dividend received from BDMS during the period

same period of 2016. This was as the results of the increase in dividend received from investment in REITs and REIT management, in tandem with the growth in asset size.  Other income comprised of

. 3. Dividend payment On April 26, 2019, the 2019 Annual General Meeting of the Company’s shareholders had a resolution to approve a dividend payment from 2018 operating results of Baht 0.15 per share

- Global Dividend Fund (กองทุนหลกั) ในหน่วยลงทุนชนิด Class C(acc) USD บริหำรจัดกำรโดย JPMorgan Asset Management (Europe) S.à r.l. • กองทุนหลกัมีนโยบำยลงทุนในตรำสำรทุนของบริษัททั่วโลกรวมถึงตลำดเกิดใหม่ที่สำมำ

Management Discussion and Analysis For the fourth quarter and year ended December 31, 2019 Bangkok Commercial Asset Management Public Company Limited 99 Surasak Rd, Silom, Bangrak, Bangkok 10500

by 13% y-y and 1% q-q which mainly came from continued improvement in asset quality since 2015 and efficiency improvement in collection and credit judgment. - Finance Cost In the first half 2017, The

or 1.8 percent mainly from the increase in amortization on rights to operate completed expressway sectors and amortization on intangible asset under concession agreement of the MRT Blue Line Project

rental expenses, utility expenses, and other selling expenses such as marketing and promotional expenses, and depreciation of asset in each branch. After You Pcl. 1319/9 Pattanakarn Rd. Suanluang, Bkk

. As at 31 December 2018 the Company is current asset in which accounted for 55.7% of the total assets and non-current asset accounted for 44.3% of the total assets. THB MB % THB MB % Current assets

Financial Position Assets The Company’s total assets as of 31 December 2018 and 30 September 2019 totaled THB 1,195.3 MB and THB 1,096.0 MB respectively. As at 30 September 2019 the Company is current asset