Ended December 31, 2018 To The President The Stock Exchange of Thailand Management Discussion and Analysis Consolidated Financial Statements For Financial Year ended December 31, 2018 Overall Group
and mortgage-backed securities will be allowed to roll off gradually without reinvestment, in order to reduce its massive balance sheet. Meanwhile, the Eurozone, Japan and several other Asian countries
continuity of operations. The followings, at the minimum, shall be taken into account: (1) define backup procedures which shall contain the followings at a minimum: (a) data to be backed up; (b) frequency of
oil price is further backed by concerns over supply after the replacement of the US Secretary of State, creating tension that the US may revisit its sanction policy on Iran with respect to the country’s
Stock Exchange of Thailand on October 17, 2019. The Company currently manages 34 shopping malls with the net leasable area (NLA) of approximately 1.8 mn sqm. At the end of 2019 the average occupancy rate
growth contributors are also anticipated to perform better especially private investment which will be backed by vigorous export expansion and investment by public sector. Increase in money injection from
/asset-backed tokens. 6 Covered Funds under HK-TH MRF may invest in virtual assets indirectly through investment in underlying funds at the total amount not exceeding 20 percent of the net asset value of
reduction of its massive balance sheet. The Fed is expected to allow maturing US Treasuries and mortgage-backed securities to roll off gradually, while not exceeding the cap limit determined by the Fed, and
sector to continue rising. Other economic growth contributors are also anticipated to perform better especially private investment which will be backed by vigorous export expansion and investment by public
currencies, utility tokens, security/asset-backed tokens เป็นตน้ 6 กองทุนรวมภายใต้โครงการ HK-TH MRF สามารถลงทุนทางอ้อมใน virtual assets ผ่านการลงทุนในกองทุนอ่ืนได้ รวมกันไม่เกินร้อยละ 20 ของมูลค่าทรัพยสิ์น