, namely, Baan 365 Rama 3 with the combined value of 3,600 million THB. During the first nine months of 2018, the Company achieved the sales volume of 14,400 million THB from residential condominium and

create long term well-being for Thais. SEC Secretary-General Rapee Sucharitakul said: ?We have achieved the intended outcome for 2018, for example, the launch of Wealth Advice for All initiative which

, townhouses and condominiums, valued at THB 44,891m. In 9M19, Revenue from sales of house and condominium units reached THB 5,332m, grew by 298% YoY. Such revenue stood at THB 2,370m in 3Q19 or 275% increase

% -108% 422 6% 333 3% -21% 4Q18 4Q19 % Y-o-Y 2018 2019 % Y-o-Y Page 3 of 7 Singha Estate Public Company Limited Management Discussion and Analysis 2019 condominium units reached THB 7,385m, grew by 104

welfare, Tax deduction for domestic tour package and shopping. As of November 30, 2017, the Company’s total cards reached 8.06 million cards (including 2.48 million credit cards and 5.58 million member

, revenues reached Bt2,564mn, grew by 80% YoY and 141% QoQ, with an improvement in net earnings from net losses in 4Q16 and 3Q17 to a net profit of Bt654mn in this quarter, mainly from the recognition of the

Advertising revenue increased by 68.9% YoY to THB 415mn o System integration services revenue increased by 38.7% YoY to THB 333mn  Media operation in Malaysia reached its break-even of net profit for the first

Page 1 of 7 Management Discussion and Analysis 2018 Executive Summary The operating result of 2018, Singha Estate Public Company Limited (“the Company” or “Singha Estate”) reached total revenue of

house and condominium units reached THB 1,698m, grew by THB 1,307m or 334% YoY. The increase generally stemmed from transfer ownership of condominium unit of the Esse Asoke and Banyan Tree Residences

has developed 23 residential projects for sales including single-detached houses, townhouses and condominiums, valued at THB 46,099m. In 2Q19, Revenue from sales of house and condominium units reached