Investor Strategies for Incorporating ESG Considerations into Corporate Interactions www.blackrock.com www.ceres.org Century21st Engagement Investor Strategies for Incorporating ESG Considerations into Corporate Interactions [ 5 ] FOREWORD The Value of Our Voice ......................................................................................................................................... 1 How ESG Megatrends Are Shaping Valuation ...........................................................

). Introduction Audit firms’ brand value or reputation is a prominent feature in explaining the audit service market. Mass media strongly impacts the market’s perception of an audit firm’s reputation (Cowle et al

• Decline and make near-zero margin • 45-47% CAPEX • Bt35-38bn Dividend policy • Minimum 70% of net profit Strong mobile data growth continues with improving network perception In 2018 mobile data consumption

Dividend policy • Minimum 70% of net profit Strong mobile data growth continues with improving network perception In 2018 mobile data consumption is expected to continue its robust growth underpinned by

partly supported by rent saving after settling disputes with TOT. Total SG&A increased 26% YoY and 22% QoQ to stand at Bt8,807mn as there were increased brand perception, handset subsidies and seasonal

% YoY and 0.4% QoQ with 322k net subscribers added while 4G penetration continued to rise to 63% . Nonetheless, with our focus on brand and network investment, we continued to see improving perception

bandwidth of 2x60MHz in the industry. Consequently, we have evidently seen an improvement of network quality against peers while brand perception enhanced. That said, we have well added 1mn mobile customers

ศึกษาข้อมูลเพ่ิมเติมให้ถ่องแท้ และที่สำคัญ ต้องลงทุนกับผู้ให้บริการลงทุน “ท่ีได้รับอนุญาต” ซ่ึงดูรายชื่อผู้ให้บริการลงทุนแบบ DCA ได้ที่ลิงก์นี้ 4 https://insight-fund.sec.or.th/fund-provider/dca โดย

subsidiary of JAS, whereby 80 percent of its shares are held by JAS, and another 20 percent are held by Acumen Co., Ltd. (“ACU”) which is another subsidiary of JAS. JAS, ACeS Regional Services Co., Ltd., and

. Engineering Co., Ltd. (“TJP”) is a subsidiary of JAS, whereby 80 percent of its shares are held by JAS, and another 20 percent are held by Acumen Co., Ltd. (“ACU”) which is another subsidiary of JAS. JAS, ACeS