Microsoft Word - 1905-022EN Management Discussion and Analysis for Q1-2019 (Ending Mar 31, 2019) Ref. No. 1905/022EN May 9, 2019 Subject Management Discussion and Analysis for Q1/2019 (Ending March

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and private fund management fees for funds managed by ONE Asset Management Limited (the Company’s subsidiary). 1.3 Interest on margin loans The Company’s interest income on margin loans in 3Q2018 was

Company’s fees and service income in 2Q2018 was Baht 162 million, a decrease of 8% from 2Q2017, mainly from a decrease in mutual fund management fees and registrar fees managed by ONE Asset Management Limited

percent compared to the third quarter of the previous year, mainly due to an increase in the Company’s underwriting fees and an increase in mutual fund management fees from funds managed by ONE Asset

, private fund management fees and provident fund management fees earned by the Company’s asset management subsidiary, ONE Asset Management Limited. 1.3 Interest on margin loans The Company’s interest on

by ONE Asset Management Limited (the Company’s subsidiary), and an increase in the Company’s underwriting fees. 1.3 Interest on margin loans The Company’s interest on margin loans in the second quarter

managed by ONE Asset Management Limited (the Company’s subsidiary), and an increase in the Company’s sales agent fees from sale of investment units. 1.3 Interest on margin loans The Company’s interest on

investment units from the Company and front-end fee income from ONE Asset Management Limited (The Company’s subsidiary). 1.3 Interest on margin loans The Company’s interest income on margin loans in 1Q2018