are tax-privileged, we document several interesting facts. 2 First, most open-ended equity mutual funds in Thailand do not beat the market, whether it is raw or risk-adjusted returns. Second, while 94
independently and without bias, advancing beneficiary or client interests as their primary obligation. Governing bodies, and where relevant, individuals in a fiduciary position of responsibility for ultimate
, Hygiene and Lifestyle. Each vertical has a dedicated management team tasked to consolidate its asset footprint to capture combinatory synergies. This is progressing well to date in 2020. The Lifestyle
currently under construction with the expected opening date in 4Q18, having secured major tenants and anchors, such as the department store, supermarket and cinema. It is also progressing its lease agreements
to expand business to CLMV countries (Cambodia, Lao PDR, Myanmar, Vietnam), which are the countries having interesting growth direction of business. In the 1st quarter of , the Company enabled to sell
interesting growth direction of business. In the 1 st quarter of 2017, the Company enabled to sell the beverage dispenser (Celli counter beverage dispenser) to a client in CLMV. The Company also organized the
continuously. As well, the Company also aims to expand business to CLMV countries (Cambodia, Lao PDR, Myanmar, and Vietnam); which are the countries having interesting growth direction of business. The Company
new products continuously. As well, the Company also aims to expand business to CLMV countries (Cambodia, Lao PDR, Myanmar, and Vietnam); which are the countries having interesting growth direction of
continuously. As well, the Company also aims to expand business to CLMV countries (Cambodia, Lao PDR, Myanmar, and Vietnam); which are the countries having interesting growth direction of business. The Company
expected to increase further, following the acceleration in the disbursement on infrastructure projects. In addition, the development of the Eastern Economic Corridor (EEC) projects has been progressing