PRINCIPAL ASSET MANAGEMENT COMPANY LIMITED|Feeder Fund | Offering Date : 19/02/2018 - 27/02/2018

owned (including finance leased) keys increased by 3,823 keys, the number of leased keys increased by 2,216 keys and the number of managed keys increased by 12,466 keys. Overall ADR, Occupancy rate and

. As a result of, the EBT of UE (U Kanchanaburi) and the acquisition of VHE Bratislava hotel (formerly a managed hotel), the number of owned (including finance leased) keys increased by 244 keys. The

increase of 2,516 keys YoY. The number of operating leased keys increased by 332 keys due to the EBT of UE (U Sathorn and U Chiang Mai hotels) and the opening of the VHE Leipzig hotel. The number of managed

number of operational operating leased keys increased by 332 keys due to the EBT of UE (U Sathorn and U Chiang Mai hotels) and the opening of the VHE Leipzig hotel. The number of managed keys increased by

: Inventory was well-managed with inventory days increased from 22 days to 27 days due to increased stock handset after a supply shortage in FY21. Account payable days maintained at 73 days, stable from FY21

revenue from sale increased.  Gross profit margin increased from the same period of last year from 45.6% to 46.5%. According to the Company has efficiently managed portion of sales both at branch’s sale

14.61 million or increased THB 56.88 million or 134.57% because film production and distribution films’ right generated more revenue. Moreover, cost and expense of the Company was managed more effectively

OHTL Public Company Limited and its subsidiaries Management Discussion and Analysis for the third quarter ended 30 September 2019 (Unit: Thousand Baht) 2019 2018 Increased (Decreased) Room revenue

) (465.5) 186.6 40.1% Net Profit/(Loss) attribute to equity holders of the Company (280.9) (367.7) 86.8 23.6% Sales 2018 Sales was 1,162.6 Million THB, increased by 49.7 Million THB or 4.5% YoY summarized by