UOB ASSET MANAGEMENT (THAILAND) COMPANY LIMITED|Feeder Fund | Offering Date : 09/11/2015 - 13/11/2015

. Although the economy performed well in a big picture, the economy at grassroots level has yet to sufficiently expand. This was seen in growth of private consumption, growth of durable goods consumption

production, as farm income has remained subdued due to falls in market prices. Nevertheless, overall domestic demand grew at a moderate pace, and durable goods consumption has slowly picked up. The performance

consumption expanded gradually, in line with the expansion of consumption expenditure on durable goods and greater consumer confidence, as well as improvements in farm income. Meanwhile, private investment

) Analysis of Operating Results and Profitability (2.1) Revenues from Sales and Services Description Year 2019 Year 2018 Increase / (Decrease) Million Baht % of Total Revenue Million Baht % of Total Revenue

%; 2017 full year 172mTHB down from 179mTHB in 2016 a decrease of 4%  Net income: 12mTHB in Q4 2017 compared to 4mTHB in Q4 2016 tripling year on year; full year income of 71mTHB compared to 68mTHB in the

million compare with performance for the prior year appear as comprehensive operating net Profit of the Company THB 122.62 million, decrease in Profit from the prior year THB 118.61 million, due to the

on the opposite slightly increased, reflecting the increase of the purchasing power in durable goods and the effect from new model launch from many brands. For the period of January to June, total

environment The Thai economy for the year 2019 exhibited a decelerating trend. Private consumption slowed down in almost all categories especially in durable goods from the contractions in vehicle sales partly

: 1. Sales Revenue 1.1 Sales revenue for the 3-months period ended 31 October 2019 For the 3-months period ended 31 October 2019, INGRS registered sales revenue of Baht 695.34 million, a decrease by