equivalent alpha), which represents a significant improvement in portfolio efficiency for a retiree. Unlike traditional alpha, which can be hard to predict and is a zero-sum game, we find that Gamma (and Gamma

interest income from investments and interbank and money market items from improvement in volume and yield. Meanwhile, interest income from loans remained stable netted by an increase of Baht 2,089 million

spread (DTD/DB), and the improvement of Fuel Oil / Dubai (FO/DB) crack spread. However, due to the crude price drop in this quarter, there was an inventory loss of THB 1,010 million, leading to an EBITDA

to zero. Furthermore, the upcoming trend of disruptive technology has effected the power sector in Thailand especially the efficiency improvement of renewable energy and other smart systems such as

); (c) reviewing the system or measures and providing a plan for improvement of such system or measures in order to prevent recurrent failure of their performance; (d) reporting the operations as

significantly from THB 1,115 million in 2016 to THB 1,426 million as a result of the improvement of profitability and the exercise of 96 million units of MACO-W1 (Total of THB 192million). Going forward, we

purposes. As a result of the Covid-19 outbreak, businesses had less cash-in-hand and were unable to raise funds from bond and capital markets as per the normal situation. The improvement in loan demand was

August 2019. • Performance improvement from malls under major renovation gradually open in 2018 and 2019, namely CentralWorld, CentralPlaza Chiangrai CentralPlaza Chonburi and CentralPlaza Ladprao

cash position of the trust; (b) the reserve set up for the following purpose; 14 1. the repair, maintenance or improvement of the infrastructure asset according to the plan specified in the registration

near future (approximately 1 year), describe the details of such project or research, for example, the characteristics, product launch/ improvement, progress and potential impacts on the Company's