Investor Return – Mind the Gap ©2015 Morningstar, Inc. All rights reserved. Kittikun Tanaratpattanakit Investor Return – Mind the Gap Agenda 2 gBackground g The Real Test is Whether Investors Succeed

against that foreign institutions enhance liquidity in small emerging markets. Their findings are consistent with the negative liquidity impact of institutional investor ownership in developed markets. Lam

, social and governance (ESG) factors ▪ Support its international network of investor signatories in incorporating these factors into their investment and ownership decisions Acts in the long-term interests

. Due to sell and transfer of Chatuchot land ownership. 2 Rental income and service revenue and other income The Company and its subsidiaries’ rental income and service revenue earned increase of THB 1.28

Baht 354.51 million, which was increased of Baht 41.44 million or 11.69 percent. As a result of effective ownership transferring was increased. These include Baan Pha Piyarom Niva, Natureza Phase 2, Baan

., (2013). - Key dimensions: family involvement in ownership, management and governance. • Conflicts encompassing family-firms. - Distinction from other concentrated-ownership forms. 7 AGENCY PROBLEMS AND

new chapter on institutional investors (considering the prevalence of concentrated ownership in Asia). It was suggested that the Asian Roundtable might next address the role of stock exchanges in

/2017 totaled THB 369.95 million, decreased from the Q3/2016 totaled THB 287.47 million or 28.69 percent. As a result of effective ownership transferring was decreased: Baan Pha Piyarom Lake Grande, NC on

Baht 349.94 million, which was increased of Baht 47.69 million or 13.63 percent. As a result of effective ownership transferring was increased. These include Baan Pha Piyarom Lake Grande, Baan Pha

Baht 369.95 million, which was decreased of Baht 65.29 million or 17.65 percent. As a result of effective ownership transferring was decreased. Rental Income and Service Revenue The Company and its