companies and securities held for trading in 4Q19. The Company's investment in 2019 was in line with the long-term strategic plans: Balance, Diversify and Expand. In addition to the investment in ECC which
leader in real estate development in Malaysia, have jointly developed Central i-City, through 60% and 40% investment proportions respectively, as the destination of new and immersive experiences with a
same-store basis that continues to grow in terms of revenue and operating profit, which is in-line with the business plan. CPN continues to emphasize on effective revenue generation through new shopping
at 63.6%, a decrease from 67.9% in the same period of previous year in-line with expectation. Performance of real estate business Revenue from sales In 1Q20, the Company has residential project for
in line with income from investments, an increase in net premiums earned - net, and revenue from capital market products. Nonetheless, given one extraordinary item – an increase in retirement reserves
. Overall market environment The Thai economy continued to expand mainly from 2 key drivers relating to external factors, in line with the recovery of the overall global economic conditions (Global
has invested in the real estate business in August 2019, which is the beginning period of the business operations, resulting in operating losses. The company expects to recognising revenues and costs in
used in its business operation of One Sukhumvit 59. The Company plan for the investment in the real estate development project of the hotel and serviced apartment. In this regard, such transaction