LIMITED KTB: KRUNG THAI BANK PUBLIC COMPANY LIMITED LEO: LEO GLOBAL LOGISTICS PUBLIC COMPANY LIMITED MBAX: MULTIBAX PUBLIC COMPANY LIMITED MST: MAYBANK SECURITIES (THAILAND) PUBLIC COMPANY LIMITED NC

’ name CAZ (THAILAND) PUBLIC COMPANY LIMITED   Securities Code: CAZ   2. Date of action resulting in reporting obligation 11/12/2019 Thai Securities company KTB SECURITIES (THAILAND) PUBLIC COMPANY LIMITED

upgrade and 4) interest cost saving. Even though there was a 5.3% y-on-y increasing gas cost per unit in 2019 while a sight increase in Ft charge. • NNP / NNP - owner of the parent increased 118.4% / 94.5

customer base. The Company will cooperate at least 1 more commercial banks in money transfer service. Currently, there are 4 commercial banks i.e. Kasikorn Bank (KBANK), Krungthai Bank (KTB), Bank of

51.11 Vayupak Fund 15.26 KTB FIDF 55.07 Vayupak Fund 4.09 THAI MOF 51.03 Vayupak Fund 15.50 AOT MOF 70.00 None - MCOT MOF 65.80 GSB 11.48 VAYU1 MOF 30.00 KTB & SMEB 30.5 coRPoRAte goveRnAnce Rosc FoR

stronger role in the over- sight of risk management policies as well as implementing effective remuneration policies. Priority 6: Shareholder engagement should be encouraged and facilitated, in particular by

others? We leave these questions for future research. 12 REFERENCES Barber, B. M., Odean, T., & Zheng, L. (2005). Out of sight, out of mind: The effects of expenses on mutual fund flows. The Journal of

’ over- sight system (mutual reliance) and increase the ability of Thai listed companies to raise funds in EU countries. • Asian Corporate Governance Association (ACGA) and CLSA Asia-Pacific Markets

Table 11: Analysts Coverage and IVL Contacts AEC SECURITIES PUBLIC COMPANY LIMITED KT ZMICO SECURITIES AIRA SECURITIES PUBLIC COMPANY LIMITED KTB SECURITIES (THAILAND) COMPANY LIMITED APPLE WEALTH

COMPANY LIMITED KRUNGSRI SECURITIES PCL AIRA SECURITIES PUBLIC COMPANY LIMITED KT ZMICO SECURITIES COMPANY LIMITED APPLE WEALTH SECURITIES PUBLIC COMPANY LIMITED KTB SECURITIES (THAILAND) COMPANY LIMITED