and small business loan. Although, the non-performing loans affected profitability, but the Thai commercial banking system still remained sturdy. Credit Rating Land and Houses Bank Public Company

loan. Although, the non-performing loans affected profitability, but the Thai commercial banking system still remained sturdy. Credit Rating Land and Houses Bank Public Company Limited is assigned the

. Description (THB'000) Company JAN-JUN JAN-JUN Y.2020 Y.2019 VARIANCE VARIANCE (%) Revenue from Software Subscription From Salesforce I&I GROUP PUBLIC CO.,LTD. 78,919.44 55,038.33 23,881.11 43.39% Description

., 2018; CALISKAN et al., 2020) •Naive Portfolio •Minimizes risk without sacrificing expected returns(Tang, 2003) •Optimal strategy(Bock, 2018;Brown et al., 2013;li, 2018) 6 Background(Cont.) •Mean variance

: Countries FY2020/21 Baht million FY2019/20 Baht million Variance Baht million Variance (%) Thailand 704.38 1,027.52 (323.14) (31.45) Malaysia 1,187.45 1,389.43 (201.98) (14.54) Indonesia 100.81 226.79 (125.98

FY20) are as follows: Country Q1 FY2020/21 Q1 FY2019/20 Variance (Baht million) Variance (%) Thailand 194.53 283.75 (89.22) (31.4%) Malaysia 160.84 350.10 (189.26) (54.1%) Indonesia 34.99 61.86 (26.87

FY20) are as follows: Country Q1 FY21 Q1 FY20 Variance (Baht million) Variance (%) Thailand 194.53 283.75 (89.22) (31.4%) Malaysia 160.84 350.10 (189.26) (54.1%) Indonesia 34.99 61.86 (26.87) (43.4

was at Baht 0.039 per share. Table: Operating Results (Unit: Million Baht) Items Quarter Variance Quarter Variance 1/2021 4/2020 Amount (%QoQ) 1/2020 Amount (%YoY) Interest income 1,847.5 1,867.1 (19.6

million Variance (Baht million) Variance (%) Thailand 104.16 276.89 (172.73) (62.4) Malaysia 291.49 346.10 (54.61) (15.8) Indonesia 4.86 52.14 (47.28) (90.7) India 9.45 50.32 (40.87) (81.2) Total 409.96

Quarter Variance Quarter Variance For 9-month periods Variance 3/2020 2/2020 (%QoQ) 3/2019 (%YoY) 2020 2019 (%YoY) Interest income 1,889.6 1,954.1 (3.3) 2,161.9 (12.6) 5,988.3 6,517.2 (8.1) Interest