severely impacted due to drop in crude oil prices losing competitive advantage of shale gas vs naphtha on interim basis; which can be specifically seen in lower Integrated EG margin & MTBE where our prices

, specifically to significant changes only. 2. Material Risk Factors of Investment in REIT Units Specify any risk factor from the REIT Manager views that could create a significant risk to investors’ investment

E_1 Legal_FA_2015_12_29-c A WWCCoorrppLL44..11hhiigg A Executive Summary 1 Management Discussion and Analysis For the Year Ended December 31, 2017 In 2017, Thai economic growth gained traction, buoyed by strong recoveries in tourism and exports. This growth momentum is expected to carry on into 2018, especially amid a brighter outlook in public and private investment. Nonetheless, the business sector remained challenged by new modes of competition in a broader marketplace amid the advancing digi...

foreign investment that may enter into the Thai AMC business, which arises the competition in the market. 2.4 The company has estimated the impact of the Land and Building Tax Act that impose specifically

projects under implementation.  More recently, Returns on Equity and on Capital Employed have surpassed the double-digit level. Specifically, for 2Q17, IVL achieved core ROE of 18.2% and a core ROCE of 12.6

competition causing average fare to drop by 4.9 percent, specifically in Indochina routes. This was a consequence of rising number of service providers on similar routes/destinations. The average passenger load

EBITDA margin has expanded from 6.4% in 2013 to 13.5% in 3Q17.  More recently, Returns on Equity and on Capital Employed have surpassed the double-digit level. Specifically, for 3Q17, IVL achieved core

confine a position limit for each client. In this regard, if there are other Notifications applicable to some intermediaries, which specifically stipulate a position limit of their clients, the

confine a position limit for each client. In this regard, if there are other Notifications applicable to some intermediaries, 3 which specifically stipulate a position limit of their clients, the

degrees Celsius. Please refer to the CDP Climate Transition Plan technical note for more details. Claims reserves: Balance sheet reserve specifically set aside by insurance companies to pay policyholders