E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ended March 31, 2018 In the first quarter of 2018, Thai economic growth gained traction, buoyed by both domestic and international factors. However, the business sector faced rising challenges, namely various forms of competition, a borderless marketplace within the ASEAN Economic Community (AEC), and the advancing digital age amid the rapid pace of technological advancement, thus lea...

loadings are market, size and momentum factors. The majority of Thai mutual funds investment policies specifically spell out large cap stocks as their objective, so the size loading is not surprising. The

worth noting that, in the regression analysis that we have reported so far, the effect of firm size on corporate culture is not significant. This is particularly surprising as large firms are probably

and assessing the progress of a construction project so audit deficiencies found in this area were not surprising. To address this problem, the SEC invited a construction planning specialist to share

surprising, therefore, that companies feel enormous pressure to deliver in the short term. Yet many of the factors that foster business resilience and sustainability play out over years and, in some industries