the entire Y month(s) at the rate not exceeding X% of NAV per annum even though the fund may reach the investment target before Y month(s). • The management company will collect the mutual fund

: Inventory was well-managed with inventory days increased from 22 days to 27 days due to increased stock handset after a supply shortage in FY21. Account payable days maintained at 73 days, stable from FY21

, the Company maintained a credit rating of BBB+ from S&P Global rating and being upgraded to AAA(tha) from Fitch Ratings. The company places an importance to maintain its credit rating in the interest of

capability to cover debt obligations. The company places an importance to maintain its credit rating to ensures the funding costs are optimal at an appropriate level at BBB+ rating by S&P Global. AIS is

สำหรับ การให้กู้ยืมเงินเพื่อซื้อหลักทรัพย์ที่มีสภาพคล่องต่ำ และการให้กู้ยืมเงินเพื่อซื้อหลักทรัพย์กระจุกตัวในลูกค้ารายใดรายหนึ่งหรือหลักทรัพย์ใดหลักทรัพย์หนึ่ง (exposure to single client or single stock

reduction of its massive balance sheet. The Fed is expected to allow maturing US Treasuries and mortgage-backed securities to roll off gradually, while not exceeding the cap limit determined by the Fed, and

showed signs of ongoing growth. This is despite the fact that the Federal Reserve has embarked upon a course of policy rate hikes and its Balance Sheet Normalization Program, wherein maturing US Treasuries

นแตละชนิด 21. ใบสําคัญแสดงสิทธิท่ีจะซื้อหุน (Stock rights and warrants) หมายถึง มูลคาของสิทธิที่บริษัทออกใหแกผูถือในการซื้อหุนสามัญหรือหุนบุริมสิทธิ รวมถึงใบสําคัญ แสดงสิทธิที่จะซื้อหุนเพิ่มทนุ

Bangkok Commercial Asset Management Public Company Limited Page 1 13 December 2019 Subject Management Discussion and Analysis for nine-month period ended 30 September 2019 To The President The Stock

year ended 31 December 2019 E X E C U T IV E S U M M A R Y F IN A N C IA L P E R F O R M A N C E F U T U R E O U T LO O K Key Highlights 2 Q4/2019 vs Q4/2018 2019 VS 2018 • ILM reported net profit in