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IP_AC/001/2563 February 24, 2020 Subject Management’ discussion and analysis for the fiscal year ended December 31, 2019 To President The Stock Exchange of Thailand Interpharma Public Company Limited
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Conclusion Introduction • A hedge is an investment position intended to offset potential losses/gains that may be incurred by a companion investment. + Exposure + Exposure + Exposure + Exposure + Exposure
net assets, fund holdings, and other fund characteristics are obtained from the Morningstar database. Stock characteristics and returns are obtained from Thomson Reuters Datastream, supplemented by
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