กลุม่ กราฟแสดงสดัส่วนการลงทุนในปัจจุบนัท่ี Standardized แลว้ Investor types Mean Rank of mean within same investor types Rank of mean across investor types Cash Holder Old- Fashioned Modern Investor Cash

Persistence of Performance http://www.sec.or.th Empirical Paper Methodology Evidence Sharpe (1966) Spearman rank correlation Yes Jensen (1968) Jensen’s alpha No Grinblatt&Titman (1989,1992) Jensen’s alpha Yes

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending June 30, 2019 The Thai economy faced increased headwinds in the second quarter of 2019. Exports, tourism and private investment – among major economic activities – were hampered by the worse-than-expected global economic slowdown. Meanwhile, consumers’ purchasing power weakened amid high household debt, whereas public investment and the government’s budget disbursement were aff...

% 52,010,000.00 2.50 130,050,000.00 10 Vibhavadi Medical Center PCL. 50% 56,000,000.00 2.68 150,000,000.00 Total 100% 112,000,000.00 2.68 300,000,000.00 Rank List of Shareholders Proportion Shares Price per Share

financial position as at 31 December 2020 represented healthy with total assets THB 4,157.5 million, -1.9% compared with ending 2019. Without Goodwill of THB 490.1 million, Company showed total assets of THB

domestic automotive industry while also maintaining healthy asset quality. Meanwhile, KASIKORN FACTORY & EQUIPMENT CO., LTD. enjoyed continually high loan growth. In addition, Muang Thai Life Assurance PCL

. This was mainly from the continuous expansion of studio business in Singapore and healthy food business. The Company recorded share of profit from Absolute Yoga of Baht 1.95 million in this quarter

market might be inappropriate and not in the best interests of investors.” 13 Source: "A Healthy Market for Informed Investors – A Report on the Derivative Warrant Market in Hong Kong”, SFC (2005) SFC

477 201% Company 773 477 62% TBSP 660 - 100% Total Equity 2,661 1,835 45% Consolidated financial position as at 31 December 2018 represented healthy with total assets THB 4,094 mil., g+77% compared with

the expansion of studio business in Singapore and healthy food business. This resulted in the share of profit from Absolute Yoga of Baht 7.46 million in this year, comparing with the share of loss of