business. 6 Forth Smart Service Public Company Limited (FSMART) 3Q2020 Management Discussion and Analysis Vending Machine & Distribution Business FSMART emphasizes on efficient location management of vending

2019, therefore, the Company and subsidiary companies have to increase the reserve for staff benefit by 32.96 million THB. Financial Structure The Company emphasizes the effectiveness of financial

The Company still emphasizes on strengthening the Boonterm kiosk business as well as leverages its leading position to the new opportunities, from the leader in the e-Payment service platform to the

THB Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 11 of 15 The Company emphasizes on the importance of effective management of its capital structure to be

equity ratio stood at 0.55 times, increased from the ratio at the end of 2019 at 0.37x. Although the Company has higher interest-bearing debt amount, the Company emphasizes on the importance of effective

has higher interest-bearing debt amount, the Company emphasizes on the importance of effective management of its capital Table 2: Summary of Profit & Loss Statement 2Q 1Q 2Q YoY QoQ 6M 6M YoY 2019 2020

which can cope with potential economic uncertainties in a timely and efficient manner, KBank emphasizes big data analytics for predictive integrated risk management (IRM) through the establishment of

Thailand, it is projected that there will be some economic growth but not significant or about the same as 2018. As for the trend for 2019, the Corporate Group still emphasizes on its strength in variety of

marketing and promotional expenses for the UK market. With consideration on possible impacts of ICUK performance on CBG, the Company has placed an emphasizes on ICUK’s revenue generation from large grocery in

policy emphasizes on return on sales by focusing on cost and expense management. The situation that could have an effect on the Group’s SG&A expenses is being a sponsor of the domestic broadcast for the