-based. 2) Public and private investment growth, reflected from the annual budget disbursement has been below target. Expediting public investment and also key infrastructure projects will assist in

ทททแสดงในชนวงเวลาทททมากกวนา 1 ปท ขถ ซนไป จะแสดงเปต นอวตราผลตอบแทนตนอปท (Annualized Returns) คทณสามารถดมขขอมมลทททเปต นปวจจทบวนไดขททท https://am.jpmorgan.com/lu/en/asset-management/adv/products/jpm-china

(Annualized Returns) คทณสามารถดมขขอมมลทททเปต นปวจจทบวนไดขททท http://www.morganstanley.com/im/en-lu/institutional-investor/funds-and-performance/morgan-stanley-investment-funds/ equity/us-advantage.html 11 / 16

ratio (time)** 2.48 13.33 * Annualized ** =EBIT/Interest expense Dusit Thani PLC Management Discussion and Analysis For 2Q19 and 6M19 P a g e | 11 students’ learning experiences through practical skill

ratio (time)** 2.50 13.33 * Annualized ** =EBIT/Interest expense Dusit Thani PLC Management Discussion and Analysis For 2Q19 and 6M19 P a g e | 11 students’ learning experiences through practical skill

กกวนา 1 ปทขถ ซนไป จะแสดงเปตนอวตราผลตอบแทนตนอปท (Annualized Returns) คถณสามารถดมขขอมมลทททเปตนปวจจถบวนไดขททท https://am.jpmorgan.com/lu/en/asset-management/adv/products/jpm-china-I-acc-usd-LU0248042839

17.738.91 Benchmark 8.55 15.25 40.79 18.67 17.65 14.84 12.6015.25 หมายเหตถ : Benchmark : S&P 500 Index อวตราผลตอบแทนทททแสดงในชนวงเวลาทททมากกวนา 1 ปทขถ ซนไป จะแสดงเปตนอวตราผลตอบแทนตนอปท (Annualized Returns

ratios Annualized Ratios 3Q20 2Q20 1Q20 3Q19 9M20 9M19 Net Profit (Baht million) 1,347 1,184 1,484 1,610 4,015 4,309 ROAE (%) 12.2 11.1 13.8 15.2 12.0 13.6 ROE (%) 12.4 11.3 13.5 15.3 12.2 13.6 ROAA

30 – 45 days, enough for the production and delivery in each month under quarterly and yearly contracts. Also, the Company is controlling and improving the rate of loss from production process. However

Microsoft Word - 2020.02.11_FY 2019_MACO_MDA_EN_Final MANAGEMENT DISCUSSION & ANALYSIS 2019 11 Feb 2020 MASTER AD PUBLIC COMPANY LIMITED 1 YEARLY BUSINESS HIGHLIGHTS – 2019  Consolidated revenue