purposes only and does not predict or depict the performance of the Fund. ** The MSCI World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market

and the pattern of consumers’ advertising consumption. After the increasing popularity of mobile phones or smartphones, the advertisers, adjusted such significantly changes, have allocated their budgets

PowerPoint Presentation MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q2/2018 GLOBAL POWER SYNERGY PUBLIC COMPANY LIMITED 0 THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP Management Discussion & Analysis Management Discussion & Analysis (MD&A) Q2/2018 Executive Summary Executive Summary For Q2/2018, Global Power Synergy Public Company Limited (GPSC) (“the company”) had a net profit of Baht 1,052 million, increased by Baht 130 million or 14% from Q1/18. The increase is mainly due to the rise in Availabilit...

, which was adjusted upward from the 4.3%, due to the stronger growth during 1H/2018. The key drivers were the export and tourism, whereby the local expenditure was driven by household consumption and

กิจการ Huntsman (Spindletop) ซ่ึงเป็นการเขา้ซ้ือกิจการท่ี ใหญ่ท่ีสุดของบริษทันบัแต่ก่อตั้ง และสอดคลอ้งกบักลยทุธ์ของบริษทั อยูใ่นระหวา่งการด าเนินการ จะแลว้เสร็จในไตรมาสท่ี 1 ปี 2563 Adjusted EBITDA ของ

กิจการ (Adjusted book value) ที่ประเมินโดย FA แล้วแต่ราคาใดจะสูงกว่า หรือ (ข) ราคา TO delisted หรือราคา IPO (บริษัทที่ไม่เคย listed) ในกรณีเข้าข่าย ดังนี้ - บริษัทที่มีการท า TO delisted หรือ IPO มาไม่เกิน

. book value, adjusted book value, proportion of share price to book value and discounted cash flow. The approach of determination of purchase price is derived from discounted cash flow approach and the

, the information in the previous year have been adjusted for appropriate comparison. In 2019, the Company recorded revenue from food center services at THB 851 mn, an increase of 16.2% YoY (for 4Q19, the

appraised price adjusted by any acquisition or disposal of infrastructure assets (if any) and amortization of the infrastructure asset (if any) occurred after the latest appraisal. If the payment for the

incorporate risk, including measuring risk-adjusted returns, to help ensure that no inappropriate or unintended risks are being incentivised. While a major component of most employee incentive remuneration is