shares to VAVA to repayment the loan. As a result, the interest expenses will decrease by approximately Baht 1.3 million per year. Therefore, the loss of the Company will decrease and will be profitable in

region have grown substantially as a re- sult of higher volumes of HVA products as well as improvement in the blended margins of the portfolio. On a per tonne basis, EMEA is the most profitable re- North

in 2016 did not affect materiality to the report of the Company’s Financial Statement. 2. Profitable ability 2.1 Revenue In 2017 the Company has earned total revenue from the first six months amount of

sustainable and profitable growth of both high-volume Necessities and high-margin HVA business continues.  Our global scale of polyester value chain and HVA platform has been enhanced by recent acquisitions

management while expanding into profitable segment with higher asset quality taking in careful considerations the economic conditions. The overall Bank’s loan portfolio as of end of 3Q20 expanded by 8.2% 2

both CCPH and KPPH as both are in a good financial position with profitable prospects (i.e., vacuums and hair dryers for KPPH and manufacturing of hard disk drives and solid state drives for CCPH). Notes

quarter which recorded a gain on purchase of THB 367 million. As a result, Power Plant Business recorded a lower EBITDA from the previous quarter, but both projects still record profitable performance. 4

capital increase used in the flexible packaging business Phase 2 will enable the Company to expand its business with a high margin and if it is to achieve the objective, it will be profitable for the

will enable the Company to expand its business with a high margin and if it is to achieve the objective, it will be profitable for the Company. 7. Benefits which the shareholders will receive from the

Essays on Open-Ended on Equity Mutual Funds in Thailand Roongkiat Ratanabanchuen and Kanis Saengchote* Chulalongkorn Business School ABSTRACT Mutual funds provide a convenient and well-diversified option for households make intertemporal fund transfers for their future needs. In this collection of three short essays, we investigate open-ended equity mutual funds in Thailand that invest in domestic equity during 2005 to 2016. While these funds collectively account for only 13.4% of assets under m...