fundamentals to be stronger. However, this is true up to a point as earnings growth ultimately has to reverse. I therefore conjecture that firms with stronger fundamentals likely exhibit past strings of earnings

managed by shareholder referendum. The shareholding body is made up of individuals and institutions whose interests, goals, investment horizons and capabilities vary. Moreover, the corporation's management

the submission of the Tender Offer, the Business has only one type of securities, which is in the form of ordinary shares, with a total of 1,462,865,035 paid-up shares, at the par value of THB 10 per

Governance of Publicly Traded Company - Definition (Section 89/1) - Qualifications and the removal of directors and executives (Section 89/3 - 89/6) - Duty and responsibility of directors and executives (Section 89/7 - 89/14) - Shareholders’ rights under Chapter 3/1 (Section 89/26, 89/28, 89/30) - Shareholder’s right to bring a derivative action and a private lawsuit against directors and executives (Section 89/18 - 89/20) - Criminal liability of directors and executives (Section 281/2, 281/3, 2...

advertisement and promotional expenses, round up with expansion expenses from Non-Oil businesses. 3) Green Power Business Power Plant Business Performance Q2/2016 Q1/2017 Q2/2017 YoY QoQ 6M2016 6M2017 YoY Revenue

import demands from India during its refinery’s maintenance period to bring their production up to new 11 | Management Discussion and Analysis of Business Operation for the 3rd quarter of 2017 Bangchak

UNOFFICIAL TRANSLATION Codified up to No. 10 As of 24 October 2018 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference

. Moreover, Q2/2018 was a period in which crude oil price made constant gains, whereas retail prices were hardly able to keep up with the pace at which the cost of the products were Management Discussion and

ปรับตัว Underperform มากที่สุด เดือนพฤษภาคม เป็นเดือนที่ตลาดหุ้นไทยแกว่งตัว Sideways up มาปิดที่ 1,342.85 หรือเพิ่มขึ้น 3.16% (41.2 จุด) โดยมี ปัจจัยส าคัญที่เกิดขึ้นต่อไปน้ี ราคาน้ ามันดิบทยอยปรับตัว

in various markets and the make-up of executive officers, non-executive directors and independent non-executive directors. The latter refers to directors who are free from any external relationships