SUBSIDIES SEC Classification : ใชภ้ายใน (Internal) ANALYST FOLLOWING • He & Tian (2013): Analysts make a firm forego valuable long-term investments to meet short-term targets. • Lee & Mo (2020): Earnings

leading in network advancement, attractive handset bundling will remain an important tool for both customer acquisition and retention. Expand fixed broadband into major cities and target stronger subscriber

improving steadily. This shall continue in 2018 with a focus to acquire quality data users in both postpaid and prepaid. In addition to leading in network advancement, attractive handset bundling will remain

); (v) Food security (e.g. sustainable farming and fishery, agricultural credit and insurance, crop innovation, infrastructure development for agriculture and aquaculture); (vi) Socioeconomic advancement

practices; reduction of food loss and waste; and improved productivity of small-scale producers) • Socioeconomic advancement and empowerment (e.g. equitable access to and control over assets, services

-scale producers) • Socioeconomic advancement and empowerment (e.g. equitable access to and control over assets, services, resources, and opportunities; equitable participation and integration into the

shareholders. The Thai IOD would like to thank the advisory members for their contributions and suggestions in preparing this valuable manual. Prof. Hiran Radeesri Chairman Thai Institute of Directors

the advisory members for their contributions and suggestions in preparing this valuable manual. Professor Hiran Radeesri Chairman Thai Institute of Directors Association ปจจุบัน องคกรตางๆ ทั้งในระดับ

expensive mutual funds that underperform), but still provides other valuable services that enable a client to achieve his or her goals. While this financial advisor may have failed from a pure alpha

range target of 1-3% to be in line with the changes in financial conditions and structurally lower inflation stemming from 1) aging society 2) growth of e-Commerce and 3) technological advancement