as expenses from setting Corporate shops / consolidation in the Flexiglass’ expense (the new acquisition in that recently acquire in the beginning of 2018) / Research and development cost in new

decreased by Baht 18 million or 10% from Q1/2017 due to lower business development cost. Finance costs In Q1/2018, finance costs were Baht 119 million, increased by Baht 29 million or 32% from Q4/2017 and

business development cost. With the same reason, the selling and administrative expenses for 2017 has decreased Baht 60 million or 8% when comparing to 2016. Finance costs In Q4/2017, finance costs were Baht

% 21.4 0.9% 15.4 256.7% Trade and other receivables 39.0 1.6% 56.0 2.4% 17 43.6% Property Development Cost 243.9 9.8% 156.7 6.8% -87.2 -35.8% Investment Properties 520.4 20.8% 518.9 22.6% -1.5 -0.3% Land

end of 2016 equal to 231.3 million baht or 10.2% percent due to a higher in leasehold right and building and Property Development Cost from “Newera Condominium Project”   JAS Asset Management Discussion

% MB % Assets Cash and cash equivalents 70.1 3.1% 6.0 0.2% (64.02) -91.4% Trade and other receivables 33.5 1.5% 39.0 1.6% 5.4 16.2% Property Development Cost 96.5 4.3% 243.9 9.8% 147.4 152.8% Investment

987.8% Trade and Other Receivables 67.7 56.0 11.7 20.9% Property Development Cost 239.6 156.7 82.9 52.9% Other current assets 34.5 26.7 7.8 29.3% Total current assets 574.4 260.7 313.6 120.3% Investment

Forum Deputies’ Meeting to follow up on the progress of ACMF Working Groups, which facilitate cooperation among key regional organizations in developing regional capital markets linkage and

Pittayasophon, provided an update on the progress of the Strong Securities Issuers Project to enhance the quality of listed companies and the duty performance of personnel in the capital market, with the main

+ 𝛾8𝑆𝐴𝐿𝐸𝑆𝑖𝑡 + 𝛾9𝑆𝐴𝐿𝐸𝑆𝑉𝐴𝑅𝑖𝑡 + 𝜀𝑖𝑡 (6) where 𝑅𝐷𝑖𝑡 is research and development expense scaled by a lagged market value of equity. 𝐶𝐴𝑃𝐸𝑋𝑖𝑡 is capital expenditure scaled by lagged market