-third of the maximum capacity of the infrastructure business , unless it can be demonstrated that an excess of such proportion is in accordance with the nature of the industry of such infrastructure

income until the gross profit being reported differently from the previous periods PAGE 2 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q1 2019 The Proportion of Gross Profit in Q1/2019 Operating performance by

WINNER store to expand its target segmentation of mass market. The new concept of a smaller size furniture store will focus on penetrating second-tier provinces and cities where Index Living Mall store has

escalate competition among AMCs. This provides opportunity for small to medium size players to bid and increase their competitiveness. However, BAM still remains major player in secured loans market. (as of

ผู้ถือหุ้นรวม (debt to equity ratio) (5) อัตราส่วนสภาพคล่อง (current ratio) - 5 - (6) อัตราส่วนตั๋วเงินจ่ายต่อหนี้สินที่มีภาระดอกเบี้ย (B/E size to interest bearing debt ratio) (7) อัตราส่วนหนี้สินที่มี

business size, as well as to support future business expansion. The amount also includes administrative expenses associated with GLAND’s operations. Hence, the administrative expenses to total revenue ratio

larger business size, to support future business expansion as well as an increase in marketing activities in shopping malls. The amount also includes administrative expenses associated with GLAND’s

due to the larger business size to support future business Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 9 of 16 expansion as well as an increase in rental

of property fund declined, meanwhile, property fund and REIT increased in size. Analysis of the Operating Results In the third quarter of 2020, the operating result showed net profits of Baht 31.8

แรก โดยกรณีกองทุนเปิดที่ไม่ใช่กองทุนแบบ auto redemption กำหนด issue size ไม่เกินร้อยละ 20 ของแต่ละ issue (ข้อ 53) (2) การลงทุนในตราสารแห่งทุน