Are Value Premiums Driven by Behavioral Factors? Are Value Premiums Driven by Behavioral Factors? Kanis Saengchoteα Sampan Nettayanunβ αChulalongkorn Business School βFaculty of Business, Economics

reference to the Board of Directors of Central Pattana Public Company Limited in meeting No. 4/2018 held on 9 May 2018, the Board has passed the resolution to approve the purchase of 194,926,920 shares in

Equity Coverage Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) 1 of 10 Performance Overview Growth continued both revenue and net profits, attributed to efficient

product prices, and low inflation rate of 0.5%. The policy rate remained unchanged at 1.50%. Central Pattana Public Company Limited (“The Company” or “CPN”) carried out its business plan, while continued

Concerning the Disposition of Assets: Information regarding the Assets to lease With reference to the Board of Directors of Central Pattana Public Company Limited (“the Company”) in meeting No. 9/2019 held on

stimulus measures as inflation gradually increases. Central Pattana Public Company Limited (“The Company” or “CPN”) carried out its business plan, while continued placing a great emphasis on effective

Southeast Asia. Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 11 of 12 Apart from the expansion plan, CPN continues to focus on enhancing the value of existing assets

the shopping mall. CPN is currently preparing the proposal of Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 3 of 13 terms and conditions for the land and

With reference to the Board of Directors of Central Pattana Public Company Limited (8CPN9) in meeting No. 4/2017 held on 31 May 2017, the Board has passed the resolution to approve with the condition for

2018, CPN progressed with the following asset enhancement initiatives. Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 3 of 16 The major renovation at CentralWorld