after a clearer picture of local politics. Analysis of the Operating Results The analysis of the operating results of Land and Houses Securities Public Company Limited and its subsidiary were compared the

be effective in 2020, the Thai commercial banking system will be more stable and able to support loan expansion in the next phase. Overall Picture of the Bank and its Subsidiaries Million Baht Item

partner as well. However, if the Company has the clear picture of wellness project and the exactly figure of investment, the Company will consider the transaction size of acquisition transaction and inform

credit demand and the economic volatility caused by Covid-19. V2 27/08/63 3 Overall Picture of the Bank and its Subsidiaries Million Baht Item Quarter Change (%) H1 Change 2/2020 1/2020 2/2019 1/2020 2

the banking system. Overall Picture of the Bank and its Subsidiaries Million Baht Item Quarter Change (%) 9 Months Change 3/2019 2/2019 3/2018 2/2019 3/2018 2019 2018 (%) Net profit * 9,438 9,347 9,030

Plant 2’s customer has stopped operation for maintenance compared to in Q2/2016 which resulted in less volume of electricity and steam sold. Furthermore, the electricity selling price drop from the lower

/02/62 14:27 น. 5 Overall Picture of the Bank and its Subsidiaries Million Baht Item Quarter Change (%) Year Change 4/2018 3/2018 4/2017 3/2018 4/2017 2018 2017 (%) Net profit * 8,101 9,030 8,496 (10.3

, power generation from renewable energy in Taiwan is expected to be 27,000 megawatts. 1.3 Competition Overall picture in 2017, power industry in Thailand had intensified competition. Electricity purchase

well as changes in consumer behavior. Therefore, Thai commercial banks must be ready for these trends and able to cope with changes in order to move forward in a sustainable way. Overall Picture of the

) to 20.1 percent, 17.1 percent and 17.1 percent, respectively. V3 12/05/63 6 Overall Picture of the Bank and its Subsidiaries Million Baht Item Quarter Change (%) 1/2020 4/2019 1/2019 4/2019 1/2019 Net