300 Best Public Companies of the Year 2018

In 2560, companies listed on the Stock Exchange of Thailand (SET) had higher operating results in both sales and net profits. With total sales of 11.01 trillion baht, an increase of 9.72% from last year, and a total net profit of 9.82 billion baht, an increase of 9.05%, which is a result of operations in the energy and utilities category benefiting from prices. Crude oil rising Meanwhile, income from the tourism sector has continued to grow. It has had a positive effect on the business operations of Companies registered to have increased net profits

by the petrochemical and chemical business category, commerce category, tourism and recreation category and the transport and logistics category There is growth in both sales and net profits. Including a higher gross profit margin than in 2559, the banking category's net profit decreased slightly due to an increase in the provision for doubtful accounts.

For the performance of listed company On the Market for Alternative Investment (mai), net profits were 4.97 billion baht, making 2560 net profits of companies listed on the SET and mai a total of 9.9 billion baht.

Ranking 300 Best Public Companies of the Year 2018 or Best Company of the Year 2561 ของ Journal of Finance and Banking Therefore, it is considered a proof of the success of listed companies that are still able to generate outstanding and strong operating results. Both the size of the company Profitability and return on investment There is also liquidity that allows retail investors to invest in seeking increased returns.

For the ranking results of 300 Best Public Companies 2018, it appears that Best Company of the Year 2561, Stock Exchange of Thailand (SET) Including Intouch Holding Public Company Limited (INTUCH), the parent company of "AIS," the giant in the telecommunications business, and "Thaicom," the leader in the satellite business.

Best Company of the Year 2561, MAI Stock Exchange (MAI)may) Including Forth Smart Service Public Company Limited (FSMART), mobile top-up service provider - electronic payment "Boonterm"

The Best Companies of the Year 2561 in each industry group are 7 companies: Intouch Holding PCL. (INTUCH) Siam Cement PCL. (SCC) Siam Commercial Bank PCL. (SCB) Thai Oil PCL. (TOP) PCL. Thai Union Group (TU) PTT Global Chemical Public Company Limited (PTTGC) Thai Rayon Public Company Limited (TR)

Intouch Holdings PCL. INTUCH
Best Company of the Year 2561Stock Exchange of Thailand (SET) &Excellent company in technology group

With the strength of the operating resultsIntouch Holdings Public Company Limited (INTUCH)Therefore, it was crowned Best Company of the Year 2018 and combined with the title of Best Company in the Technology Group as well. Intouch operates as an asset management company that invests in telecommunications, media, and

Technology, divided into 2 types of investment as follows:

1. Investing in a business where Intouch can participate in managing policy and determining the direction of operations. Including setting goals including investment in the domestic wireless telecommunications business under the operations of Advanced Info Service Public Company Limited (AIS), investment in satellite business and international business. Under the operations of Thaicom Public Company Limited (Thaicom), investment in the home shopping business Under the operations of Hi Shopping Company Limited (Hi Shopping), investment in the IT business Under the operations of the company I.T. Applications and Services Co., Ltd. (ITAS)

2. Investing in joint venture businesses (Corporate Venture Capital) that Intouch does not participate in managing on a regular basis. Under the InVent project with an investment budget of 200 million baht per year, the scope of investment is not limited to domestic investment only. But also considered investing abroad.

Intouch conducts business professionally. and give importance to the management of invested assets to create value and sustainable growth for all stakeholders. which is the ultimate goal of the company

For INTUCH's operating results in 2560, the company had total income of 22,543.43 million baht while having a net profit of 10,673.18 million baht. Net profit per share was 3.33 baht, ROA ratio was 17.68% and ROE was 38.07%, with the value The market capitalization of securities at the end of 2558 was 180,361.14 million baht.

Hold onRun your business professionally
Create value for sustainable growth

Goals and future direction of INTUCH's operationsMr. Anek Phanaapichon, Acting Chief Executive Officer of Intouch Holdings PCL. Revealed that an important concept that Intouch has always adhered to is to conduct business professionally in accordance with the principles of good corporate governance. Training and developing the potential of personnel to keep up with changes. and support investments in telecommunications, media, and technology to create sustainable growth for consumers, shareholders, the business sector, as well as society and the nation.

“Because the innovation of Intouch Group is like a medium that connects people, business organizations, and society together. Every Intouch person has a role to play in delivering the best products and services. To improve the quality of life of consumers as well as promoting the application of telecommunications networks, media and modern technology for broad benefits. Including pushing various plans to create a strong digital society”

The leader of Intouch Group, Advanced Info Service Public Company Limited or AIS, is an example of a business under the management of the group that has a tendency to grow continuously. AIS has become the largest mobile phone network operator in Thailand with a customer base of over 40 million and has a trend of increasing data usage. Currently, AIS is also developing new technology. Supports mobile phone services fiber optic internet and digital content To meet the lifestyle needs of the new generation who can watch through various platforms and channels. comfortably and can also reach a large number of consumers

In addition, Intouch also has the InVent project that supports startups with potential in terms of investment. Knowledge in management to be able to expand growth into a wider market This is a strategy that is likely to lead to sustainable operating results and create additional value in the future.

AIS Thaicom Invent Project Including other businesses which is under the management of Intouch Group All are committed to joining forces in strengthening Thailand's digital infrastructure. Reduce gaps and inequalities in access to information Enhance modern knowledge To lead the country into the 4.0 era according to the government's economic policy.

As for Intouch's business direction in 2561, the company will continue to carry out various policies and projects. the best It brings expertise and innovation in the telecommunications, media and technology industries, combined with strategy and management based on good governance principles. To achieve good results in both quantity and quality, with emphasis on developing personnel with technological skills. Create an organizational culture that is consistent with working in the digital age to cope with rapid changes. Including continuously seeking business opportunities to drive higher operating results and continuously promote the quality of life of Thai people.

Siam Cement Public Company Limited – SCC
Best Company of the Year 2561
Real estate and construction group

Siam Cement Public Company Limited (CCS) or SCG holds the title of best company in the real estate and construction group. With the operating results in 2560, the company had total income of 482,449.47 million baht with a net profit of 55,041.25 million baht, calculated as earnings per share or EPS equal to 45.87 baht, while the market capitalization (Market Cap.) as of At the end of 2560, it was at 580,800 million baht.

SCG is a group of companies that have been in business for more than 100 years, founded in Thailand in 2456 in accordance with the royal command of His Majesty King Rama VI to produce cement. Construction materials that were important in the country's development at that time, later continued to expand their business. Until now, SCG's business operations consist of 6 main business groups: SCG Cement-Building Products, SCG Chemicals, and SCG Packaging. As for the cement and construction products business, in ASEAN SCG currently has cement plants in 3 main countries, with a combined production capacity in Thailand of 6 million tons per year.

Focus on expanding services and Solutions ใหม่
Continuously accelerate innovation development

Mr. Rungroj Rangsiyophas, President, SCG Revealed that business operations in 2561 still have risks that require caution from increased costs of petrochemical raw materials and packaging. Higher energy costs The strengthening baht As well as the intense competition in the region, SCG Cement is therefore accelerating preparations in many areas, such as continuously expanding service and solutions businesses. Introducing Automation and Robotics technology to enhance business efficiency. At the same time, a Reskill Training Program will be established to develop employee skills to be able to perform new duties to support customer needs and business expansion abroad.

Service business SCG is ready to expand into school bus and ambulance services. By using GPS technology to develop new solutions to build confidence among parents in taking care of their children's safety, including a GPS system to track ambulances that will help facilitate medical treatment for patients. During the trip

In addition, SCG Express has received very good response from customers with its express parcel delivery service. And is the only one in the market right now that offers a temperature-controlled express delivery service. It has expanded its service points to more than 500 branches and will expand its service areas to cover the entire country in mid-2561. SCG has also invested in digital logistics startups. To provide customers with access to transportation services according to SCG Logistics' leading standards, with over 7,000 vehicles available throughout ASEAN. Through a digital platform that makes it more convenient and faster.

In addition, the company is committed to continuously developing innovative products and services that add value. To quickly respond to consumer needs Meanwhile, cooperation with digital startups has also made great progress. There are more than 40 collaborative projects that have already taken place, which have the potential to be commercialized. They also see business opportunities linked to startup networks in the United States, Israel, and China.

Siam Commercial Bank Public Company Limited – SCB
Best Company of the Year 2561
Financial Business Group

Siam Commercial Bank Public Company Limited (SCB) Best Company of the Year 2561, Financial Business Group The operating results for 2561 had a total income of 166,855.24 million baht, a net profit of approximately 43,000 million baht, while total assets were approximately 3.02 trillion baht and the stock's market capitalization was 509,311.08 million baht.

Siam Commercial Bank is Thailand's first commercial bank, established in 2449 and listed on the Stock Exchange of Thailand in 2519. Currently, according to information as of December 31, 2560, the bank has deposits of 2,092 billion baht and loans of 2,035 billion baht.

Siam Commercial Bank provides comprehensive financial services for all types of customers. both large companies small and medium sized enterprises and retail customers It includes deposit services, money transfers, various types of lending, buying and selling, avals, guarantees, and foreign exchange services. Bancassurance Foreign trade services, Cash Management services

Securities business services such as bond distribution services Bond registrar service Debt underwriting Securities Registrar Property escrow service Provident fund management and private funds Credit cards and escrow through the bank's head office and branch network

Walk strategy “Going Upside Down”
Focus on generating income from 3 important businesses

For the direction of the bank's business operations in 2561 Mr. Athit Nanthawithaya, President and Chief Executive Officer Siam Commercial Bank Public Company Limited revealed that due to the changing behavior of consumers due to digital technology that will change the shape of the process and service to customers The bank therefore wants to be a platform that connects all societies together. Under the strategy "Going Upside Down" (upside down somersault) with guidelines for operating in 5 important areas:

1. Lean the Bank (improving bank efficiency)
2. High Margin Lending (granting business loans with high returns)
3. Digital Acquisition (doing business in the digital world)
4. Data Capabilities (increase the ability to use data)
5. New Business Model

The main income of the bank will still come from 3 main business segments: business loans Consumer loans and Wealth Management, which will see doing business changing from before with the use of technology to support it. along with the increase in new skills and capabilities of employees in interacting with customers This can clearly be seen in the Wealth Management business where the bank aims to greatly expand its customer base in this group. Its ultimate goal in the next three years is to become a large-scale Digital Platform driven primarily by technology and data.

With Siam Commercial Bank's vision to be "The Most Admired Bank" or "the most admired bank," we are committed to developing the bank into a digital platform that plays an important role in the daily lives of all groups of customers. As well as continuing to conduct banking business in a balanced manner to create stability and sustainability for the country's economic system.

Thai Oil Public Company Limited – Top
Best Company of the Year 2561
Resource group

Thai Oil Public Company Limited (TOP) Best Company of the Year 2561, Resource Group The operating results in 2560 had total income of 343,113.87 million baht, net profit of 24,856.20 million baht, calculated as earnings per share (EPS) of 12.18 baht, while total assets were 228,108.29 million baht and the share value was The market price (Market Capitalization) is 211,142.88 million baht.

Thai Oil is a refining business operator. and the largest petroleum distributor in Thailand and is one of the most efficient refineries in the Asia-Pacific region. which was founded in 2504 with the main business being Petroleum refining It currently has a production capacity of 275,000 barrels per day.

There is a management system that has business links. Both the oil refining business Petrochemical business and lubricant base oil business To jointly plan production to achieve maximum efficiency and be able to produce products with low costs while at the same time having high quality at the level of a leading refinery (Top Quartile) in the Asia-Pacific region. This gives an advantage in terms of production costs. Increase competitiveness

In addition, the company has various related businesses such as electricity business, solvent business. Maritime and pipeline transportation management business Renewable energy business Business producing precursors for the production of cleaning products Crude oil storage service business Petroleum and petrochemical products Business providing recruitment and personnel selection services for Thaioil Group Including a financial management center To help increase the financial management capabilities of the Thaioil Group.

Quarter 1: Expect profits from oil stocks.
Moving forward with submitting the BOI project CFP

Mr. Atikom Terbsiri, Chief Executive Officer and President, Thai Oil PCL. Revealed that in the first quarter of 2561, the company's operating results have the opportunity to profit from oil stocks. After the oil price increased from the end of last year. While evaluating the average oil price this year at 60-65 dollars per barrel.

As for the Clean Fuel Project (CFP), which aims to expand oil refining capacity to 400,000 barrels per day from 275,00 barrels per day. At present It is expected that a final investment decision will be made within the third quarter of 3, while contractors for the project are being selected.

In addition, the CFP project is an expansion of oil refining capacity. Although the oil refinery business does not receive investment promotion privileges from the Board of Investment (BOI), the project is located in Chonburi Province, the Eastern Economic Corridor (EEC) development area. There is a part of the production that will be used as a starting material for the production of the country's Phase 4 petrochemical project, giving it an opportunity to receive investment benefits from the BOI. The company is in the process of offering additional packages to negotiate with the government sector further.

Thai Union Group PCL. TU
Best Company of the Year 2561
Agriculture and Food Industry Group

 TheKMUTNB Thai Union Group (TU) Owned the title of Best Company of the Year 2561 in the agriculture and food industry group. The operating results in 2560 had total income of 140,429.18 million baht, net profit of 6,020.74 million baht, while total assets were 146,267.57 million baht and the market value of shares (Market Capitalization) was 94,959.13 million baht.

Thai Union Group is a producer and exporter of frozen and canned seafood. which has been delivering quality seafood products to consumers around the world for over 40 years, with a variety of product brands. And there are brands that are world market leaders, including Chicken of the Sea, John West, Petit Navire, Parmentier, Mareblu, King Oscar, and Rügen Fisch, as well as leading brands in Thailand, including Sealect, Fisho, Qfresh, Monori Belle. Otta and Marvo

By developing products from an understanding of the needs of consumers in each locality. along with focusing on business growth strategies such as acquisitions and mergers. This has enabled our product brands to gain more market share around the world. In addition, with a commitment to innovation work. sustainable growth and product quality As a result, our brands are in a competitive position.

The company aims to reach US$8 billion in revenue by 2563, and to achieve this goal it has developed a tailored plan to meet future opportunities and challenges. Along with being a socially responsible organization

Emerging market sales increase
Set a sales target for the year 61 grew 5%

Mr. Teeraphong Chansiri, Chief Executive Officer Thai Union Group PCL. revealed that last year sales in North America continued to play an important role in the company's revenue, accounting for 40% of total sales, compared to the European market at 32%, while the Thai market's share increased to 10% and Sales from Japan account for approximately 6% of total sales. The proportion of sales in main markets has begun to shift to more domestic and emerging markets. Due to efforts to penetrate emerging markets Especially the Chinese market

Moreover, despite the challenges of high raw material costs and economic volatility in many markets around the world, the pressure on high raw material prices is starting to ease. After the price of tuna It began to decline since the 4th quarter of 2560. Sales from products under the Thai Union brand in 2560 remained at 42%, with the remainder coming from contract manufacturing businesses.

side Mr. Banlang Waiyanon, Investor Relations Manager Thai Union Group PCL. Revealed that the company aims for sales growth in 2561 not less than 5% from the previous year. It is expected that increased sales will come from the original business (Organic Growth) that will grow in every business group and in 2561 the company aims to maintain the rate. Gross profit will be kept at a level of 15% by controlling selling and administrative expenses to total sales (SG&A) to be less than 10% and still adhering to the dividend payout policy not low. More than 50% of the company's net profits

In addition, the company has set this year's investment budget at 4,800 million baht, similar to last year. For use in expanding general business and to increase production efficiency and improve factories in Africa. which is a factory that produces products for export to Europe

PTT Global Chemical Public Company Limited – PTTGC
Best Company of the Year 2561
Industrial product group

PTT Global Chemical Public Company Limited (PTTGC) Best Company of the Year 2561, Industrial Products Group, according to operating results in 2560, the company had total revenue of 448,880.62 million baht, net profit of 39,298.31 million baht, while total assets were 434,963.93 million baht and had stock value according to market price (Market Capitalization) is at 383,252.17 million baht.

PTTGC is a petroleum business operator. integrated petrochemicals and chemicals. In 2560, the company had a total crude oil and condensate refining capacity of 280,000 barrels per day. and a total production capacity of petrochemical and chemical products of 9.72 million tons per year.

The company's business can be divided into 8 main business groups: 1. Petroleum products and public utilities group. 2. Aromatics product group 3. Olefins product group 4. Polymer Products Business Group 5. Ethylene Oxide Product Business Group 6. Environmental Chemical Products Business Group 7. Phenol Products Business Group and 8. Performance Materials and Chemicals Business Group, including service businesses and others. that the company has invested to support the operations of all 8 main business groups

PTTGC has a business direction and strategic plan that focuses on creating and maintaining competitive ability. Sustainable business growth and preparation in various fields that will support future growth plans

Ready to invest 7 billion in petrochemicals
hold up space EEC is an important project.

Mr. Supattanaphong Phanmeechaow, Chief Executive Officer and President PTT Global Chemical Public Company Limited Revealed that for the company's investment plan Consisting of 3 petrochemical projects with an investment value of approximately 7 billion baht, including the Olefins Reconfiguration Project (ORP: Olefins Reconfiguration Project), which is the construction of a new olefins project; It has a production capacity of 5 hundred thousand tons of ethylene/year and 2.5 hundred thousand tons of propylene/year. Production will begin within 2563. The investment value is approximately 3.6 billion baht.

Propylene Oxide Project and Polyols Project or PO/Polyols Project are projects in the polyurethane line. It is in the high performance chemicals group (Performance Materials & Chemicals) to continue the polyurethane product business line to provide a complete solution. Both projects have a combined investment value of approximately 2 billion baht and are expected to begin commercial production in 3.2. 2563

PTTGC is ready to invest in three petrochemical projects worth approximately 3 billion baht in the EEC area, which is considered the largest special economic zone in ASEAN. It is believed that the EEC will create opportunities for return to investment. With strengths in newly developed infrastructure And now there are investors from 7-7 companies that are interested and have decided to invest. MOUs have been signed with 8 companies, representing a total investment of more than 5 billion baht in the EEC over 1 years.

The company has sufficient capital ready to invest a lot in the EEC area because it is a gradual investment. Currently, the group's cash is approximately 6 billion baht and there is continued cash flow from operations. Last year, it had earnings before interest, taxes, depreciation and amortization (EBITDA) of approximately 6 billion baht and had debt to equity (D/E) as low as 0.15 times, giving it a potential to borrow approximately 1.3 billion baht. which is sufficient to support investment At the same time, the company expects that such investment will help generate income to grow exponentially in the future.

Plc.Thai Rayon TR
Best Company of the Year 2561
Consumer product group

Thai Rayon Public Company Limited (TR), Best Company of the Year 2561, Consumer Products Group It had operating results in 2560 with total income of 11,228.30 million baht, net profit of 2,401.85 million baht, while total assets were 25,032.75 million baht and the stock's market capitalization was 11,088 million baht.

Thai Rayon was established on February 13, 2517 to operate a rayon fiber (VSF) production business. Commercial production began on September 14, 2519 with a production capacity of 9,000 tons per year and from constant production expansion, The company currently has a production capacity of 151,000 tons of rayon fiber per year, with salt as a by-product. sodium sulfate which has a production capacity of 126,000 tons per year

Move forward with developmentRayon fiber
Export products to the world market

Currently, Thai Rayon has a rayon fiber factory located on the banks of the Chao Phraya River. Ang Thong Province and carbon disulfide gas production plant which uses natural gas and is located at SIL Industry. Saraburi Province The production process has been certified to ISO9002 and ISO14001 industry standards. In addition, it has received the TPM Excellence Award from JIPM, Japan.

The company's products under the trademark “Birla Cellulose” consist of many types of rayon fibers. which has various features such as soft and comfortable to the touch Highly absorbs moisture Biodegradable naturally and has a modern style These fibers can be processed into various products, including clothing or apparel. home decoration Jewelry, yarn, cleaning cloths personal items and hospital supplies

The company has also successfully developed a new specialty fiber product called “Burla Modal” which has been well accepted for fashion apparel products in more than 12 countries.

As for sodium sulfate salt, which is a by-product. It is an important raw material in the detergent industry. Pulp production, glass production, leather production and textile industry

More than 80% of the company's rayon fiber products are directly exported to more than 37 countries around the world. It is marketed under the brand name “Birla Cellulose” which meets stringent quality requirements of customers in the USA, China, Europe, Turkey, Canada, South Korea, Indonesia, Japan, Vietnam, Taiwan, India, Pakistan, Bangladesh, Sri Lanka and the Middle East.

The company aims to respond to the needs of both the textile and non-textile industries. By producing a variety of rayon fibers, from 0.8 to 5.5 Denier, fibers with lengths ranging from 32 mm. to 120 mm., brightness level after dyeing and semi-opaque, and the company's rayon fibers are therefore Certified by Oeko-Tex Standard 100, it is also currently increasing its market share in specialty products such as non-woven, Micro Denier and Coarser Deniers.

Over the years Thai Rayon has expanded its business both in Thailand and abroad. And there are still continuous efforts to improve production efficiency and product quality. To respond to market needs

Plc.Forth Smart Service–FSMART
Best Company of the Year 2561
stock market May

Best Company of the Year 2018Mai Stock Exchange Forth Smart Service Public Company Limited (FSMART) is the champion for the second year in a row with outstanding operating results growing.

In 2560, there was a total income of 3,364.56 million baht with a net profit of 542.90 million baht, equivalent to an earnings per share of 0.68 baht, while the ROA ratio was 17.84% and the ROE was 43.29% by the market capitalization (Market Cap. ) at the end of 2560 equal to 14,080.00 million baht

FSMART currently operates as an electronic payment service provider. In providing prepaid mobile phone top-up services (Pre-paid) and online payment services through automatic payment machines. or Boonterm cabinet

The Boonterm kiosk service business uses a franchise system through more than 200 service representatives (Agents) throughout the country. and also operates in the form of management of the Boonterm kiosk Collaborate with business partners of more than 40 various projects.

Add a service to push the transaction amount through the kiosk
Ready to expand user base Be Wallet

Mr. Somchai Sungsawang, Managing Director, Forth Smart Service Public Company Limited (FSMART)Revealed that this year the company has laid out a variety of strategies and focused on quality in every aspect for growth in all channels. With the principle of managing the average top-up amount per kiosk per month (ARPU) to grow at least 5% from 2560, along with providing policies to service agents to survey and select areas to install Boonterm kiosks in quality spots. and adjust new locations for top-up machines whose top-up amounts do not meet the target to increase the potential of the average top-up amount per machine (ARPU) to increase systematically in the long term. The company plans to increase the number of Boon machines. This year, 20,000 booths will be added, which will result in 144,653 Boonterm booths covering all areas at the end of the year.

At the same time, the company will increase usage frequency to increase average top-up per kiosk per month (ARPU) by offering a variety of services. In particular, adding a bank for transferring money, which will cooperate with three other commercial banks, namely Siam Commercial Bank. Bangkok Bank and Bank of Ayudhya. In 3, money transfers grew up to 2560% compared to 864 from being the money transfer agents of Krung Thai Bank and Kasikorn Bank.

If services can be added to 5 banks, Boonterm kiosk will represent 90% of the total banking market. and is confident that it will help increase the value of services through Boonterm kiosks to grow at least 20% from 2560

Currently, Boonterm kiosk has a market share of over 22% of the market value of pre-paid mobile phone services (Pre-Paid), which is an increase of 5% from last year from an estimated market value of over 1.33 billion baht. Continuously being the leader in the top-up machine market

The company also focuses on expanding to new customer groups in the form of a mobile electronic wallet application (E-wallet) with “Be Wallet” for groups who use smartphones and are interested in technology. With a target of not less than 200,000 users this year, Be Wallet has the same service as a top-up machine. But will add additional services to support business operations as a marketplace for online trading. (e-Marketplace) and supports the expansion of businesses related to electronic commerce (e-Commerce) in the future, including the use of payment for purchasing products from automatic beverage machines (Vending Machines).

As for the case where commercial banks announce the cancellation of digital transaction fees, Mr. Somchai expects there will be no impact on the company as the bank's banking agent. This is because Boonterm's customers are low-income people who live far away. Those who have cash income and are not good at digital transactions or mobile banking, therefore will not benefit from the cancellation of fees for transferring money through the bank's digital channels.

Ranking Method: Academic Department, Finance and Banking Journal The criteria for consideration that are international standards have been used. This will reflect the efficiency of the company's management as a whole. Measured by 4 factors as follows:

Factor 1: Company size (Size of the Firm)

• Total market capitalization (Market Capitalization)
• Assets
• Shareholder's equity (Shareholder's Equity)

Factor 2: Ability to seek profit

• Total income (Revenue)
• Net Profit
• Earnings per Share (EPS)
• Net Profit Margin

Factor 3: Return on investment

• Return on Asset : ROA
• Return on Equity : ROE
• Rate of return in the form of dividends (Dividend Yield)

Factor 4: Investment liquidity

• % shareholding by minor shareholders (Free Float)