PRINCIPAL ASSET MANAGEMENT COMPANY LIMITED|Feeder Fund | Offering Date : 19/02/2018 - 27/02/2018

diapers, the market remained steady. However, the Company still expanded the adult diaper market by cooperating with the minor diaper manufactures which are our customers, and we believed this market will

Industry (Laos) Co., Ltd. of 50.10MB was included in year 2016. The company sustained steady progress in its make-over strategy into renewable Energy by acquiring another 30MW of solar farms in Thailand in

for milk and yogurt and consumer was in steady state. 2. The consolidated gross profit margin was 13.48%, decreased from the same period of last year at 15.43% due to increase in plastic resin cost

, diversified and steady cash flows, growing with a combined EBITDA of 18% YoY and 44% LTM 2Q19. The Integrated Oxides & Derivatives segment was negatively impacted by the extended shutdown into 2Q19 following

range of 13.00 Baht/Kilogram. Therefore, the raw materials cost used in production were a little bit higher than the selling price in 2018. However, the Company had been managed inventories turnover rate

. However, the Company had been managed inventories turnover rate not ท่ีตั้ง 55/2 หมู ่8 ถ. เศรษฐกิจ 1 ต.คลองมะเด่ือ อ.กระทุม่แบน จ.สมุทรสาคร 74110 Tel. (66) 0-34877485 - 8 Fax. (66) 0-34877491 – 2 6 of 7 55

were higher than the selling price in the 1st quarter of 2019. However, the Company had been managed inventories turnover rate not over than 0.70 time or within 45 days, in order to reduce the risk of

Bt574 from Bt635 in 4Q17 but stabilized from 3Q18. Regulatory fee was Bt1,420mn and accounted for 4.2% of core service revenue, steady from last quarter. Network OPEX was Bt7,366mn, increasing 47% YoY and

respectively. The Company has steady income from the business with the main transactions from the transmission tower and cable network installation for TRUE and CAT for instance. Maintenance and Service Business