RI Client Solutions Book PUBLIC PUBLIC             PUBLIC PUBLIC PUBLIC       PUBLIC   Environment Society Company PUBLIC o o o         PUBLIC o o o o ° PUBLIC o o o

continue to be developed and adopted, tail-end risk remains unpredictable and potentially undiscovered. This may cause incorrect decisions that finally result in losses. The adoption of innovative

amounting to Baht 67 million and Baht 4 million, respectively. The loss was increased by Baht 63 million. Due to the unpredictable spread of Coronavirus (COVID-19), Baht depreciation against US Dollar during

on impacts from volatile international capital flows, which would have repercussions for foreign exchange movements and funding costs. The Thai economy in the second quarter of 2018 exhibited ongong

activity, thus dampening Thai economic growth during the second half of the year. Other challenges included volatile foreign exchange movement and international capital flows as well as the rapid evolution

base. However, close attention should be paid to the government’s budget disbursements and global financial markets which may, from time to time, become somewhat volatile. On the inflation front

economic front and greater political issues. Therefore, 2020 will be the most difficult and unpredictable year for the Company. For MACO, we expect the Company’s performance to be negatively affected by the

which suggests that price is the sum of current book equity value plus discounted future abnormal earnings. A straightforward interpretation of Ohlson’s (1995) model is that, ceteris paribus, an increase

shareholder wealth through . • A company's free float is important to potential investors because it offers insight into the company's stock volatility. • Stocks with small free float tend to be more volatile

in numbers of e-book sold. 2. Costs and expenses for the three-month period ended 31 March 2020 total of Baht 31.04 million increasing of 26.69% compared to the same period of 2019. The main reasons