PHILLIP ASSET MANAGEMENT COMPANY LIMITED|Feeder Fund | Offering Date : 16/04/2021 - 26/04/2021

foreign investors.?The SEC promotes private sector's operational flexibility and expansion of business opportunity amidst the dynamic financial environment. This will help serving investors? demands

foreign investors.?The SEC promotes private sector?s operational flexibility and expansion of business opportunity amidst the dynamic financial environment. This will help serving investors? demands

-0.9% QoQ due to seasonal effects. • Fixed broadband revenue was at Bt2,710mn, increasing 11% YoY and 4.3% QoQ despite a highly competitive environment. AIS focused on expansion of service areas into

was Bt6,644mn, decreasing -1.7%YoY as D&A rose from new spectrum and expansion and decreasing -7.3%QoQ from unrealized foreign exchange loss and tax benefit in 4Q20. Market and Competitive Environment

1 2017 MD&A Advanced Info Service Plc. Executive Summary In 2017, mobile business improved from stronger 4G positioning amidst competitive environment. Competitive landscape remained challenging in

demonstrated a cautious growth from expansions of private consumption and tourism sector, while facing global and local economic headwinds and challenges from high interest rate environment. Overall, AIS

) Steady growth in private consumption from stimulus packages and recovering agricultural product prices from production expansion and 4) Other supporting factors, such as government spending and other

the contribution from the HVA business of $540 million reflecting margin recovery in the Necessities industry. IVL is strongly positioned for the current market environment, enhanced with Necessities

was 6.4bn, -2.1% YoY, and -9.5% QoQ Excluding one-time items and FX loss, normalized NPAT was 6.7bn, +0.9% and -0.7% QoQ Continuous 5G subscriber scale expansion and maintain a leading position in 5G