low price offerings remained in the market to address weak spending power. Enterprise non- mobile business grew 6% YoY. Demand for enterprise data service (EDS) started to recover after having been

business is still under pressure from overall market in 3Q/2018. According to Nielsen, as of 30 September 2018, comparing to the same period of last year, domestic energy drink market grew by 0.4% in 2Q/2018

increased 14.3% QoQ helped by peak summer vacation traffic during the quarter in July and August, operating expenses rose from higher maintenance cost and utility cost, the latter attributed to the increase

due to the unfavorable economic and industry conditions i.e. Thai energy drink market, according to Nielsen data, reduced by 2.8% in 2017 and shrank by another 3.6% in the 1Q/2018 as compared to the

CBG CARABAO GROUP PUBLIC COMPANY LIMITED Filing FinancialStatement 56-1 56-2 Ranking CPH CASTLE PEAK HOLDINGS PUBLIC COMPANY LIMITED Filing FinancialStatement 56-1 56-2 Ranking CAZ CAZ (THAILAND) PUBLIC

developed companies as well as initiatives related to utilities and energy sector. Significant events in Q2/2018 5 Q3/2018 Market environment and Directions In Q2/2018, Thailand’s economic was forecasted that

of the mutual fund over the past five years (or since inception if the fund has been established less than five years), as measured from NAV per unit from peak to trough when NAV per unit declines

years), as measured from NAV per unit from peak to trough when NAV per unit declines. Maximum Drawdown is the information that helps determine the risk of loss from investing in the mutual fund

of the mutual fund over the past five years (or since inception if the fund has been established less than five years), as measured from NAV per unit from peak to trough when NAV per unit declines

years), as measured from NAV per unit from peak to trough when NAV per unit declines. Maximum Drawdown is the information that helps determine the risk of loss from investing in the mutual fund