Daily Market Outlook 29 Feb 2016

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A sense of strength Thai shares look set to trade higher today as there is a sense that global bourses and oil prices are regaining some strength after sharp gains in crude prices last week. However, market gains should be limited on revived expectations of a Fed rate hike after several solid US data recently. Locally, the contracts of ten out of 20 government mega infrastructure projects worth a combined Bt1.79tn will be signed in 1H16, which means real seed money can be injected into the economy right after, adding to Bt476bn annual investment budget and reinforcing the fiscal stimulus power to boost the sluggish economy. Pick of the day: MINT (Bt36.00; NR; 16TP Bloomberg Bt39.00) Minor International PCL is a global hotel and restaurant operator with 145 properties in 22 countries. The company’s bright earnings outlook in the years to come will be driven by outstanding hotel operations in Thailand and Australia, its international hotel management business, additional revenues from hotels recently acquired and to be acquired, as well as a solid performance from its restaurant businesses in Thailand and China. Recently, the company entered into a long term 6-rai land lease in the heart of Bangkok CBD on the most expensive Silom Road to develop a mixed use building consisting of office and retail worth Bt4.72bn which will help further diversify its portfolio risk and boost long-term operating performance. In 1Q16, we expect earnings to continue to shine thanks to high seasonality for tourism in Thailand. According to the Bloomberg earnings consensus, MINT’s earnings growth is expected to be 26% in 2016 and 17% in 2017. MINT’s price pattern indicates an apparent upward trend from a monthly buy signal followed by a recent daily buy signal although a weekly sell signal remains. If the share price manages to close above Bt36 on Friday, a weekly buy signal will occur, indicating a strong possibility that MINT is about to make a new high. The share is likely to break the last high at Bt37.25 before moving up to make a new high at Bt38.75. There is a stop loss at Bt34.75. (Resistance: 36.25, 36.50, 37.00; Support: 35.75, 35.25, 35.00) Local issue 20 infrastructure projects to be signed this year. The

government anticipates to sign contracts on all 20 mega

infrastructure investments this year worth approximately

Bt1.79tn. Of all the projects, ten will be signed in 1H16

while the rest will be signed in 2H16. According to Finance

Minister Apisak Tantivorawong, budget for the second ten

projects will be disbursed next year. (Bangkok Post)

Ministry to control illegal foreign traders. The

Commerce Ministry plans to improve law enforcement

aiming to address the issue of nominees of foreign

companies violating local businesses protected by Foreign

Business Act (FBA). The Business Development

Department has been instructed to outline measures, in

which the revisions and measures to protect local

businesses should be finalized soon, Commerce

permanent secretary Chutima said. (Bangkok Post)

Major Indices Close Chg %Chg

SET 1,343.07 +9.7 +0.7

SET50 859.51 +8.3 +1.0

SET P/E (x) 19.7

SET P/BV (x) 1.8

SET Div. Yield (%) 3.4

Dow Jones 16,639.97 -57.3 -0.3

S&P 500 1,948.05 -3.7 -0.2

NASDAQ 4,590.47 +8.3 +0.2

UK 6,096.01 +83.2 +1.4

Germany 9,513.30 +181.8 +1.9

France 4,314.57 +66.1 +1.6

Japan 16,188.41 +48.1 +0.3

South Korea 1,920.16 +1.6 +0.1

Hong Kong 19,364.15 +475.4 +2.5

China 2,767.21 +26.0 +0.9

Taiwan 8,411.16 +45.3 +0.5

Singapore 2,649.38 +46.0 +1.8

Malaysia 1,663.44 +5.3 +0.3

Indonesia 4,733.15 +74.8 +1.6

Philippines 6,771.30 +2.0 +0.0

Trading Summary Buy Sell Net

Institution 4,486 2,816 1,669

Proprietary 4,521 4,564 -43

Foreign 9,233 10,606 -1,373

Individuals 19,200 22,247 -253

Total Trading Value 40,234 Btmn

Most Active Value Value Close %Chg

ADVANC 2,570 174.00 1.2 TRUE 2,295 6.90 12.2 PTTEP 1,854 67.25 -0.4 PTT 1,703 264.00 1.1 INTUCH 1,474 59.25 -0.4

Commodity Futures Close Chg %Chg

US Crude 32.78 -0.3 -0.9

Brent Crude 35.10 -0.2 -0.5

Gold 1,238.80 -0.3 -0.0

FX Rates Close Chg %Chg

USD/THB 35.71 +0.0 +0.1

EUR/USD 1.06 -0.0 -0.2

USD/JPY 122.60 -0.1 -0.1

USD/CNY 6.39 +0.0 +0.0

Source: Bisnews, Bloomberg

Technical picks (support & resistance)

BANPU (S: 16.00, R: 20.50); TRUE (S: 5.80, R: 8.10); CHG (S: 2.38, R: 2.72); SET (S: 1,333, R: 1,353)

Thailand Research Department

Mr. Warut Siwasariyanon (No.17923) Tel: 02 680 5041

Mr. Krit Suwanpibul (No.17968) Tel: 02 680 5090

Mr. Narudon Rusme, CFA (No.29737) Tel: 02 680 5056

Mr. Napat Siworapongpun (No.49234) Tel: 02 680 5094

Ms. Sukanya Leelarwerachai (No.68790) Tel: 02 680 5331

Daily Market Outlook 29 Feb 2016

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Human rights groups want EU fishing to extend yellow card. Nearly 30

international rights organizations, led by the Asian Human Rights Commission,

asked the European Commission on Friday to extend its yellow card warning

on Thailand's seafood industry to ensure the country follows through on efforts

to end Illegal, Unreported and Unregulated (IUU) fishing. (Bangkok Post)

Old rice auctions may be opened to foreigners. The Commerce Ministry is

considering allowing international bidding at auctions for the 11mn ton old rice

still in the stockpile from the previous government's rice-pledging scheme, as it

plans to sell at least 5mn tons of the old grain this year. (Bangkok Post)

GRAMMY (Bt7.30) plans to cut more than 100 jobs as cost management efforts

and restructuring of the organisation into a provider of total media solutions.

GMM Grammy is reportedly also considering cutting more jobs from its current

staff strength of 3,000 employees. The recent move was not related to its

terrestrial-based digital TV businesses - GMM 25 and One channel (Nation)

NOK (Bt7.05) may resume flights normally in April instead of 10 Mar as the

airline continues its efforts to address problems in the organization (Bangkok

Post)

THCOM (Bt28.50, BUY, AWS 16TP Bt49.00)’s Thaicom 9 satellite plans are up

in the air as orbital slots may be withdrawn, said a source from an ICT ministry.

THCOM’s source said the company is ready to explain to the ministry that

reserving the orbital slots for future satellite launches protects national interest.

The regulator (NBTC) has already granted the licence for the planned Thaicom

8 and Thaicom 9 satellites. Currently, THCOM is seeking a manufacturer to

build Thaicom 9. Comment: We think the real regulator for satellite service

in Thailand is the NBTC who has already granted the license for the

Thaicom 9 satellite. We do not believe that the ICT Ministry will actually

withdraw orbital slot reservations which ruins national interest as

Thailand will lose the slots to other nations. We maintain a BUY

recommendation with 16TP of Bt49.00.

Global issues A weekend meeting of G20 policymakers offered nothing in the way of

coordinated action to shore up global growth and calm financial markets.

(Reuters)

The focus this week will be upcoming business surveys from China, Japan,

Europe, and the US. (Reuters)

The dollar rose broadly on Friday after mostly upbeat US economic data

renewed some expectations that the Federal Reserve could raise interest rates

again this year. The dollar index rose 0.86% to a three-week high of 98.260.

The euro was down 0.8% against the dollar at US$1.0931. The dollar climbed

0.77% to ¥113.990, breaking the Japanese currency's streak of gains. (Reuters)

US Treasury yields rose on Friday after data showed that inflation is rising

and the recent US economic slowdown was not as bad as previously thought.

Benchmark 10-year notes fell 21/32 in price to yield 1.77%, up from 1.70% on

Thursday. (Reuters)

USA Wall Street shares finished lower on Friday in a week of strong gains on

renewed concerns about the timing of future interest rate hikes after several

solid US economic data offset gains in materials and energy stocks. US GDP

in 4Q15 was revised up while consumer spending rose strongly in January and

inflation picked up by the most in four years. (Reuters)

US GDP expanded at a 1% annual rate in 4Q15, an upward revision from its

previous estimate of 0.7% growth. The data exacerbated concerns that the US

Daily Market Outlook 29 Feb 2016

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Federal Reserve could raise rates sooner rather than later. The economy grew

at a rate of 2.0% in 3Q15 and expanded 2.4% in 2015. (Reuters)

US consumer spending increased 0.5% in January, the largest gain in ten

months, as households ramped up purchases of a range of goods and a return

to normal winter temperatures boosted demand for heating. Consumer

spending, which accounts for more than two-thirds of US GDP, rose by an

upwardly revised 0.1% in December. Economists had forecast consumer

spending advancing 0.3% last month. (Reuters)

Pick-up in inflation: The CPI edged up 0.1% in January after dipping 0.1% in

December. In the 12 months through January, the personal consumption

expenditures (PCE) price index rose 1.3%, the largest increase since October

2014, after advancing 0.7% in December. Excluding food and energy, prices

rose 0.3%. That was the largest increase since January 2012 and followed a

0.1% gain in December. The so-called core PCE price index increased 1.7% in

the 12 months through January, the largest rise since July 2014. (Reuters)

Consumer sentiment steady: The University of Michigan said its consumer

sentiment index rose to 91.7 in February after slipping to 90.7 early in the

month. It was slightly down from January's 92.0 reading. (Reuters)

Europe European equities rallied on Friday to reach a three-week high, as a jump in

metals prices boosted miners and some encouraging company updates also

supported the market. (Reuters)

Asia Japan industrial output grows at fastest pace since Jan 2015: Japan's

industrial output rose 3.7% in January, up for the first time in three months, in

what may be a temporary pickup in factory activity amid weak domestic and

external demand. The rise compared with economists' median estimate of a

3.3% gain. (Reuters)

Japanese retail sales fell 0.1% YoY in January, short of a median market

forecast for a 0.5% increase. (Reuters)

Falling fuel costs kept Japan's core consumer prices unchanged in

January from a year earlier, well below the central bank's 2% target,

highlighting the daunting task BOJ face in attempting to lift Japan out of

stagnation. (Reuters)

PBOC deflects concerns over FX reserves: Foreign exchange reserves in

China declined by US$99.5bn in January to US$3.23tn after a record fall the

previous month. Reserves have shrunk by US$762bn since mid-2014. Yi Gang,

vice governor of the PBOC said that part of the recent reductions in China's

massive forex reserve was down to higher holdings by companies and

individuals. He deflected concerns over the possibility of an extended fall in the

country's foreign exchange reserves and reaffirmed confidence in the strength

of the yuan. China still owns the world's largest currency reserves. (Reuters)

Commodities Oil prices fell on Friday as investors cashed out big weekly profits after a rally

driven by disruptions to crude supplies and Wall Street's gains from US

economic data. Brent crude settled down 19 cents at US$35.10. It hit a high of

US$37 earlier, a peak since 5 Jan. US crude settled down 29 cents at US$32.78

a barrel, after gaining almost US$1.70 earlier. (Reuters)

Gold fell more than 1% on Friday, as the dollar and global shares rose, but

fund buying persisted as investors expected a G20 summit would produce little

in the way of a coordinated stimulus program. Spot gold was down 1% at

US$1,221.61 an ounce, after falling as much as 1.9%. US April gold futures

settled down 1.5% at US$1,220.40 an ounce. (Reuters)

Daily Market Outlook 29 Feb 2016

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Mon Tue Wed Thu Fri

1 2 3 4 5

XD

TSC

XD

CRYSTAL

DIF

ERWPF

POPF

PPF

SIRIP

SPWPF

TGROWTH

XD

CPNCG

CPNRF

8 9 10 11 12

XD

VGI

XD

METCO

PTTEP

XD

JASIF

15 16 17 18 19

XD

BKKCP

SNC

TIF1

UNIPF

XD

DTAC

XD

IRPC

XD

BTSGIF

KTC

MIPF

SPF

SSTSS

URBNPF

22 23 24 25 26

XD

IMPACT

LPN

WICE

XD

CPTGF

DTCPF

EGATIF

FUTUREPF

GPSC

HPF

MNIT

MNIT2

M-PAT

M-STOR

QHOP

TCIF

THIF

TOP

TRIF

TTLPF

XD

JAS

LHPF

PTTGC

QHHR

QHPF

TFUND

TLOGIS

UOB8TF

WHABT

WHART

XD

GCAP

LHSC

29

XD

BOL

LIT

Feb-16

Date Regions

29-Feb-16 EU

29-Feb-16 EU

1-Mar-16 US

1-Mar-16 US

1-Mar-16 US

2-Mar-16 EU

2-Mar-16 EU

3-Mar-16 EU

3-Mar-16 US

4-Mar-16 US

4-Mar-16 US

Economic Indicators

Consumer Price Index - Core (YoY) (Feb)

Producer Price Index (YoY) (Jan)

Markit PMI Composite (Feb)

Markit PMI Composite (Feb)

API Weekly Crude Oil Stock

Consumer Price Index (YoY) (Feb)

ISM Manufacturing PMI (Feb)

ISM Prices Paid (Feb)

Unemployment Rate (Feb)

Nonfarm Payrolls (Feb)

Producer Price Index (MoM) (Jan)

5

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CG Rating

Score Range Number of Logo Description

90 – 100

80 – 89

70 – 79

60 – 69

50 – 59

Below 50

No logo given

Excellent

Very Good

Good

Satisfactory

Pass

N/A

Corporate Governance Report of Thai Listed Companies (CGR). CG Rating by the Thai Institute of Directors Association (IOD) in 2015.

Corporate Governance Report disclaimer

The disclosure of the survey result of the Thai Institute of Directors

Association (“IOD”) regarding corporate governance is made pursuant

to the policy of the Office of the Securities and Exchange Commission.

The survey of the IOD is based on the information of a company listed

on the Stock Exchange of Thailand and the Market for Alternative

Investment disclosed to the public and able to be accessed by a

general public investor. The result, therefore, is from the perspective of

a third party. It is not an evaluation of operation and is not based on

inside information.

The survey result is as of the date appearing in the Corporate

Governance Report of Thai Listed Companies. As a result, the survey

result may be changed after that date, Asia wealth Securities Company

Limited does not conform nor certify the accuracy of such survey result.

ADVANC BAFS BCP BIGC BTS CK CPN DRT DTAC DTC EASTW EGCO GRAMMYHANA HMPRO INTUCH IRPC IVL KBANK KCE KKP KTB LHBANK LPN MCOT MINTMONO NKI PHOL PPS PS PSL PTT PTTEP PTTGC QTC RATCH ROBINS SAMARTSAMTEL SAT SC SCB SCC SE-ED SIM SNC SPALI THCOM TISCO TKT TMBTOP VGI WACOAL

AAV ACAP AGE AHC AKP AMATA ANAN AOT APCS ARIP BMCL BOL BROOKBWG CENTEL CFRESH CHO CIMBT CM CNT COL CPF CPI CSL DCC DELTADEMCO ECF EE ERW GBX GC GFPT GLOBAL GUNKUL HEMRAJ HOTPOT HYDRO ICCICHI INET IRC KSL KTC LANNA LH LOXLEY LRH MACO MBK MC MEGAMFEC NBC NCH NINE NSI NTV OCC OGC OISHI OTO PAP PDI PEPG PJW PM PPP PR PRANDA PREB PT PTG Q-CON QH RS S&JSABINA SAMCO SCG SEAFCO SFP SIAM SINGER SIS SITHAI SMK SMPC SMT SNPSPI SSF SSI SSSC SST STA STEC SVI SWC SYMC SYNTEC TASCO TBSPTCAP TF TGCI THAI THANA THANI THIP THRE THREL TICON TIP TIPCO TKTKS TMI TMILL TMT TNDT TNITY TNL TOG TPC TPCORP TRC TRU TRUETSC TSTE TSTH TTA TTCL TTW TU TVD TVO TWPC UAC UT UVVNT WAVE WINNER YUASA ZMICOVNT WAVE WINNER YUASA ZMICO

2S AEC AEONTS AF AH AIRA AIT AJ AKR AMANAH AMARIN AP APCOAQUA AS ASIA AUCT AYUD BA BEAUTY BEC BFIT BH BIG BJC BJCHIBKD BTNC CBG CGD CHG CHOW CI CITY CKP CNS CPALL CPL CSCCSP CSS CTW DNA EARTH EASON ECL EFORL ESSO FE FIRE FOCUS FORTHFPI FSMART FSS FVC GCAP GENCO GL GLAND GLOW GOLD GYT HTC HTECHIEC IFEC IFS IHL IRCP ITD JSP JTS JUBILE KASET KBS KCAR KGIKKC KTIS KWC KYE L&E LALIN LHK LIT LIVE LST M MAJOR MAKROMATCH MATI MBKET M-CHAI MFC MILL MJD MK MODERN MOONG MPG MSC MTIMTLS NC NOK NUSA NWR NYT OCEAN PACE PATO PB PCA PCSGH PDGPF PICO PL PLANB PLAT PPM PRG PRIN PSTC PTL PYLON QLT RCIRCL RICHY RML RPC S SALEE SAPPE SAWAD SCCC SCN SCP SEAOIL SIRISKR SMG SOLAR SORKON SPA SPC SPCG SPPT SPVI SRICHA SSC STANLY STPISUC SUSCO SUTHA SYNEX TAE TAKUNI TCC TCCC TCJ TEAM TFD TFI TICTIW TLUXE TMC TMD TOPP TPCH TPIPL TRT TSE TSR UMI UP UPFUPOIC UREKA UWC VIBHA VIH VPO WHA WIN XO

Source: Thai Institute of Directors (IOD)

6

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CG Rating

ขอมล Anti-Corruption Progress Indicator ของบรษทจดทะเบยน

ระดบ 1ACD AEONTS AFC AIRA AJ ALUCON AMC AQUA ARIP AUCT BAT-3K BIG BJCBLISS BMCL BOL BRR BSBM CBG CCET CCN CGD CMR CPH CSC CSPCTW DCON DRACO DSGT DTCI E EMC ESSO FOCUS FSMART GIFT GLANDGRAND GUNKUL HFT HTECH IHL ILINK ITD JSP KDH KTIS KTP LEE LSTMAJOR MATCH MAX M-CHAI MDX MIDA ML MPIC NC NEP NNCL NWR OHTLPICO PK PL PPM PRAKIT PRECHA PRIN PSTC PYLON RAM RICH RS SANKOSAUCE SAWAD SAWANG SCN SEAFCO SF SHANG SIRI SMART SMM SOLAR SPACK SPGSPPT SPVI STA STAR SVH SVOA SWC TAPAC TC TCCC TCJ TCOAT THTKS TNH TNPC TPA TPAC TPOLY TRC TRUBB TSE TTA TTI TTL TTTMTWP TWZ U UMS UPA UPOIC UTP UVAN VARO VI VIBHA VIH VTEWG

ระดบ 22S ABICO AF AKP AMARIN AMATA AOT APCO AYUD BEAUTY BFIT BH BKDBLAND BTNC CCP CI CSR CSS EFORL EPCO FE FNS FVC GEL GLOBALHEMRAJ IEC IFS INET JUTHA KASET KCAR KKC KSL L&E LALIN LTX MMALEE MBK MBKET MEGA MK MPG MTLS NCH NCL NPP OCC OCEAN PBPCA PRINC QH ROCK RPC S&J SGP SIAM SIS SKR SMG SMIT SORKONSUSCO TAKUNI TEAM TF TIC TIP TIPCO TMC TMI TPP TRT TRU TRUETSC TSI TTW TVD TVO UKEM UNIQ UWC VNG WIIK WIN XO

ระดบ 3AABC ACAP ADVANC AEC AGE AH AIE AMANAH ANAN AP APCS APURE ASASIA ASIAN ASIMAR BIGC BROOK BTS BWG CEN CENTEL CFRESH CHARAN CHO CHOTICM CNT COL CPALL CPF CPI CPL DELTA DEMCO DIMET DNA DTAC EAECF EE EVER FPI GBX GC GFPT GLOW HMPRO HOTPOT ICC ICHI IFECINOX INSURE IRC JAS JTS JUBILE KC KTC KYE LHK LPN LRH MAKROMC MCOT MFC MFEC MINT MJD MONO MOONG NBC NDR NINE NMG NSINTV OGC PACE PCSGH PDI PG PHOL PLAT PPS PR PRANDA PREB PSQLT RATCH RML ROBINS ROJNA RWI SAMCO SCCC SCG SEAOIL SE-ED SENA SINGERSITHAI SMK SMPC SPALI SPC SPCG SPI SRICHA SSI STANLY SUPER SVI SYMCSYNEX SYNTEC TASCO TCMC TFI THAI THRE THREL TICON TKT TLUXE TNL TPCORPTMILL TMT TSTE TSTH TTCL TU TVI UOBKH UREKA VGI VNT WACOAL WHAZMICO

ระดบ 3BAAV AHC AI AIT AKR ARROW ASK BA BDMS BEC BECL BJCHI BUICGH CHG CHOW CIG CITY CK CKP COLOR CWT EARTH EASON EPG F&DFANCY FIRE FMT FORTH GENCO GL GOLD GPSC GRAMMY HYDRO IRCP IT JCTKCM KWC LH LIT LOXLEY MACO MANRIN MATI MODERN MSC NOBLE NOK NPKNUSA OISHI OTO PAF PAP PATO PF PJW PLANB PLE POLAR PRG PTLQ-CON QTC RCI S11 SALEE SAM SAMART SAMTEL SAPPE SC SCP SFP SIMSLP SMT SPA SPORT SSC SST STEC STPI SUC SUTHA T TAE TBSPTCC TFD TGCI TGPRO THANA THIP TIW TK TMW TNDT TOPP TPC TPCHTPIPL TSR TT TYCN UAC UBIS UEC UMI UP UPF UT UV VPOWAVE WINNER YUASA

ระดบ 4ASP BAFS BANPU BAY BBL BKI BLA CIMBT CNS CSL DCC DRT DTCEASTW ECL EGCO ERW FSS GCAP HANA HTC INTUCH IRPC IVL KBANK KCEKGI KKP KTB LANNA LHBANK MTI NKI PSL PTG PTTEP SABINA SCB SNCSNP SSF SSSC TCAP THCOM TISCO TIMB TMD TNITY TOG

ระดบ 5BCP CPN GYT PE PM PPP PT PTT PTTGC SAT SCC THANI TOP

ไมเปดเผยหรอไมมนโยบายA ACC AJD AQ BCH BGT BROCK BSM BTC CHUO CPR CRANE EICFER JMART JMT KAMART KBS KIAT LDC MBAX MCS METCO NEW NEWS NYTPAE PDG PERM PMTA POST RCL RICHY ROH S SIMAT TCB TR TSFTVT WORKหมายเหตระดบ 1 : มนโยบายระดบ 2 : ประกาศเจตนารมณระดบ 3 : มมาตรการปองกน ซงทง 2 กรณ ถอเปนผลการประเมนในระดบเดยวกน

3A : บรษทมการประกาศเจตนารมณเขารวมโครงการ CAC หรอภาค3B : บรษทมค ามน และนโยบายของบรษท แตมไดประกาศเจตนารมณเขารวมโครงการ CAC หรอภาค

ระดบ 4 : ไดรบการรบรองระดบ 5 : ขยายผลสผท เกยวของ

7

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Contact

Branch Address Phone Fax

Head Office 540 Floor 7,14,17 , Mercury Tower, Ploenchit Road, Lumphini,

Pathumwan Bangkok 10330

02-680-5000 02-680-5111

Silom 191 Silom Complex Building,21st Floor Room 2,3-1 Silom Rd.,

Silom, Bangrak, Bangkok, 10500 Thailand

02-630-3500 02-630-3530-1

Asok 159 Sermmitr Tower, 17th FL. Room No.1703, Sukhumvit 21

Road, Klong Toey Nua, Wattana, Bangkok 10110

02-261-1314-21 02-261-1328

Pinklao

7/3 Central Plaza Pinklao Office Building Tower B, 16th Flr.,

Room No.1605-1606 Baromrajachonnanee Road, Arunamarin,

Bangkoknoi, Bangkok 10700

02-884-7333 02-884-7357,

02-884-7367

Chaengwattana

99/99 Moo 2 Central Plaza Chaengwattana Office Tower, 22nd

Flr., Room 2204 Chaengwattana Road, Bang Talad, Pakkred,

Nonthaburi 11120

02-119-2300 02-8353006

Chaengwattana 2

9/99 Moo 2 Central Plaza Chaengwattana Office Tower, 22nd Flr.,

Room 2203 Chaengwattana Road, Bang Talad, Pakkred,

Nonthaburi 11120

02-119-2388 02-119-2399

Mega Bangna 39 Moo6 Megabangna, 1st Flr., Room 1632/7 Bangna-Trad

Road, Bangkaew Bangplee, Samutprakarn 10540

02-106-7345 02-105-2070

Rayong 356/18 Sukhumvit Road, Nuen-Phra Sub District, Muang

District, Rayong Province 21000

038-808200 038-807200

Khonkaen 26/9 Srijanmai Road, Tamboonnaimuang, Khon Khaen

40000

043-334-700 043-334-799

Chonburi 55/22 Moo 1, Samed Sub District, Muang District, Chonburi

20000

038-053-858 038-784-090

Chaseongsao 233-233/2 Moo2 1st Flr., Sukprayoon Road, Na Meung Sub-

District, Meung District, Chachoengsao 24000

038-981-587 038-981-591