ease this pressure, and with the upward trend in prices, we will continue to expect healthy margins.” 2. Outlook Overall Thai economic activity in the first quarter of 2018 beat expectations with an

Vietnam, which demonstrated the strongest GDP growth in ASEAN with an estimated growth at 1.6%2 in 2020. On the domestic side, Thailand’s economic outlook remains uncertain due to pressure on both the

increase in the policy interest rate to cope with the pressure from the high inflation rate in the country, the Company was still able to effectively manage its financial costs. The Company recorded

volatility from time to time amid the uncertainties of US-China trade policies and the eventual relationship between the UK and the EU, turbulence in emerging markets, and concerns over the US economic outlook

รงการ โดยกองทนุจะลงทนุในตราสารหนี ้และตราสารหนีอ้ื่นๆ ในกลุม่ประเทศ Asia Pacific และ Emerging market กองทุนอาจลงทุนในตราสารหนี ้และตราสารหนีอ้ื่นๆ ใน developed market ทั้งนี ้ กองทนุนีม้ิใช่การฝากเงิน

5.50 สหรำชอำณำจักร 5.30 Pacific ex-Japan 3.50 แคนำดำ 2.60 Emerging Markets 2.20 การจัดสรรการลงทุนในกลุ่มอุตสาหกรรมของกองทุนหลัก กลุ่มอุตสาหกรรม % NAV Pharm/Medtech 11.30 Banks 10.70 Retail 9.10

and recruit new customers to the Company. From the end of Q2/2018 until mid of Q3/2018, the Company has launched new products into the market, e.g., HPP (High Pressure Processing) fruit juices, and milk

means a variety of selections and (ii) as more NPLs are building up, there could be a downward pressure to the selling price, the profits could be enhanced, and eventually, the turnaround time could be

building up, there could be a downward pressure to the selling price, the profits could be enhanced, and eventually, the turnaround time could be shortened . Moreover, since an increased NPLs/ NPAs arise

Major Events in 3Q18 CPN is selected into the DJSI World and DJSI Emerging Markets Indices in 2018. The acquisition of GLAND, which has high potential assets, is an important step for CPN to become a