16.3%, and management segment at 12.4%. Within the Hospitality segment, revenue decreased significantly by THB 1,700mn or 88.8% YoY to THB 214mn resulting from the impact of COVID-19 situation. Almost

Management Discussion and Analysis (MD&A) 2019 Page 1/8 Management Discussion and Analysis (MD&A) 2019 Overview and Factors Affecting Future Performance 2019 was considered a challenging year for the

and operate business within appropriate risk limits under normal and stress scenarios. Emphasizing efficient and timely risk management to cope with economic fluctuations, especially amid mounting

market recorded marginally lower oil sales compared to the previous year due to the intense competition brewing within the industrial market, and stock management within the refinery during the

management company/the mutual fund supervisor at least within 15 days before the date of changing of the management company/the mutual fund supervisor 2. In the case of a private fund, the management company

management company should coordinate and prepare to deliver the information to the new management company/the mutual fund supervisor at least within 15 days before the date of changing of the management

. In 2017, KBank concentrated on balancing between services and credit risk management within each customer segment. As the Thai economic recovery was not yet broad-based, we put in place more stringent

locations, and the SPAR convenience store increased by 2 locations, compared to the previous quarter. Within this quarter, 2 more Inthanin Coffee locations Management Discussion and Analysis of Business

systematically and efficiently manages supply chain risks and promotes business and social innovation within the organization. 4 Management Discussion & Analysis (MD&A) Q3/2017 Management Discussion & Analysis

, and the possibility of such policy or management plan Within the twelve months following the receipt of oversubscribed shares with whitewash approval, the Company has a plan to expand the business via