government bond yields and the financial market environment worldwide. In Thailand, several economic indicators in the third quarter of 2017 exhibited ongoing growth. The upbeat performance was fueled mainly

E_1 Legal_FA_2015_12_29-c A HibrWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending September 30, 2018 The Thai economy in the third quarter of 2018 grew at a decelerating rate due to slowdown in external sector and manufacturing production at home. Meanwhile, private consumption which continued to expand was derived mainly from increased expenditures on automobiles. Nonetheless, the business sector remained challenged by new modes of competition, the broade...

unbiased basis and takes into account forward-looking factors throughout the transaction’s lifetime. The expected credit loss measurement concept may lead to volatility of impairment loss in accordance with

รกันส ารองให้ค านวณจากสถิติค่าความเสียหายในอดีต โดยปราศจากความอคติ หรือไม่ล าเอียงจากค่าความเป็นจริง (Unbiased) และพิจารณาโดยการคาดการณ์ไปข้างหน้า (Forward-looking) ถึง สถานการณ์ที่คาดว่าจะเกิดขึ้นในอนาคต

, analyzed and prudently performed our duties as an Independent Financial Advisor, complying with the generally accepted professional standard and rendered our opinion based on the unbiased analysis with

unbiased manner as would normally be expected from person of the same profession; 14 (4) disclosure of any conflict of interest as financial advisor or any other interest in such securities shall be