รอบด้านตลาดหุ้น 7 มกราคม...

See disclaimer at the end of report

รอบดานตลาดหน

7 มกราคม 2558

สรางฐานเพอรบาวด

วนนคาด ดชนฯ ออกดานขาง แนวรบ 1,465 จด ตาน 1,485

จด คาดหนซงและหนมขาวดบวกสวนตลาด

แนวโนมระยะสปดาห ดชนฯไดหลด 1,488 จด แลวลงทดสอบแนวรบหลกบรเวณ 1,461 จด (ใครทซอไวทนตาม

แนวรบ 1,461 แนะถอลน) คาดภายในปลายสปดาหน ถงตนสปดาหหนา ลน ดชนฯสรางฐานแลวปรบขนรปแบบ-range

bound แนวตานสน 1,490/1,500 จด ซงถาผาน 1,500 จด

ไปได คาดยงไมเกนแนวตานรายเดอนแถว 1,550 จด

ปจจยลบ วตกกรซแยกตวออกจากยโรโซนกลายเปนชนวน

EU แตก ปจจยบวก ปธน.ฝรงเศส มองการประชมหาทางไกลเกลยวกฤตรสเซย-ยเครน 15 มค.น จะน าไปสการ

ยกเลกคว าบาตรรสเซยได (คลายวตกเศรษฐกจรสเซยถดถอยกระทบ EU) กลยทธแนะน าหนปนผลสงปองกน

ความเสยงขาลงชวงสน มอถอ, Utilities, แบงกใหญ เนน

หนทปนผลปละครง และเกงก าไร หนกลาง-เลก ทมขาวบวกเฉพาะตว

หนแนะน า เทคนคคอล IFEC แนวรบ 12.4 บ. ตาน 13.7/14 บ. SAMTEL แนวรบ 23.4 บ. ตาน 25 บ.

MS รายงานวนน

(+) กลมพลงงานคาด Downside ขาลงเรมจ ากด แมราคาน ามนดบจะดงลงเหลอ $43 ตามสมมตฐานกรณแยสดของ

MS โดยหนท resilient สดในกลม คอ SCC TOP สวนหนทมแนวโนมออนไหวตอราคาน ามนดบมากสด (มโอกาสลงตอ

ถาน ามนลงอก) คอ PTTEP

BLS รายงานพนฐานวนน (ดรายละเอยดฉบบเตม)

(+) กลมมอถอ คาดผลกระทบจ ากด จากการปรบคาโทร

ตามจรงเปนวนาท ตามกรณศกษาของเรา (สามารถท า Sensitivity ไดเฉพาะ AIS และ DTAC) พบวาจะกระทบ

ก าไรสทธ ของ ADVANC และ DTAC ไมเกน 10% ซงยงคาเฉลยการโทรของผใชบรการ มากเกน 3 นาท ขนไป จะ

พบวาก าไรสทธกระทบเพยง 4-6% เทานน และเราคาดวา

AIS และ DTAC จะสามารถขนรายไดการใหบรการดานอนเชน Data service เพยงเลกนอยกจะชดเชยรายไดทงหมด

ทหายไปจากการจายคาโทรตามวนาท

(-) LH มองก าไรทดขนใน 4Q14 จากการขาย Terminal 21

สะทอนไปในราคาหนแลว และ เราปรบราคาเปาหมายลง

เหลอ 10.6 บาท จาก 12 บาท ตามคาดการก าไรใหมทคาดวาจะลดลง เพราะการเปดโครงการใหมชะลอลงตงแต

ปลายปทแลว ขณะทรายไดคอนโดสวนใหญรบรเมอป 2014 คาดปนรายไดบานโตเพยง 4% สวนก าไรหลกโต 9% นอย

กวากลมทคาดโตเฉลย 16% ขณะทปนผลระหวางกาลทเหลอของป 2014 คาด 0.15 บาท ไมจงใจ (จายไปแลว

0.40 บาทส าหรบงวด 9 เดอน 2014)

สรปภาวะตลาด 6 มกราคม 2558

ดชนตลาดหลกทรพยไทย

เปลยนแปลง % การ

เปลยนแปลง 1วน

% การเปลยนแปลง

YTD

1477.58 -5.67 -0.38% 20.05%

มลคาการซอขาย (ลานบาท) 47,746.72

ยอดการซอขาย (ลานบาท)

ซอ ขาย สทธ

นกลงทนสถาบน 5060.74 6,459.1 -1,398.3

0.11 14%

Proprietary Trading 4652.39 4,073.8 578.6

0.10 9%

นกลงทนตางประเทศ 9542.26 13,507.5 -3,965.2

0.20 28%

ลกคาทวไป 28491.33 23,706.4 4,785.0

0.60 50%

5 อนดบหลกทรพยทมยอดซอขายสงสด

หลกทรพย ราคาปด เปลยนแปลง

(บาท) ยอดซอขาย (ลานบาท)

KBANK 214.00 -6.00 3,004

PTT 323.00 8.00 2,489

KTB 21.40 -0.70 2,097

TRUE 11.60 0.10 1,878

SCB 175.00 -4.00 1,822

การเคลอนไหวของดชนรายกลม

กลม ปด % เปลยนแปลง

Petrochem 752.32 1.32

Energy 18454.11 0.89

Finance&Sec. 1865.61 0.68

Packaging 3808.94 -0.26

SET 1477.58 -0.38

ICT 230.20 -0.42

Commerce 28451.11 -0.48

Property 284.66 -0.66

Electronics 1487.03 -0.75

ดชนตางประเทศ

ปด

% การเปลยนแปลง 1วน

% การเปลยนแปลง YTD

DJIA 17,371.64 -0.74 5.66

NASDAQ 4,592.74 -1.29 10.85

FTSE 6,366.51 -0.79 -5.23

NIKKEI 16,883.19 -3.02 6.12

HSKI 23,353.95 -0.56 0.06

Dubai ($bbl) 47.75 -8.54 -55.60

THB/USD 32.86 -0.33 0.42

MLR (BBL)% 6.75

BOT 1DRP% 2.00

CPI (Dec)% 0.6

รอบดานตลาดหน - 2

หนมขาว

(+) SOLAR IFEC SPCG สปช.เลงชง โซลารรฟ เสร สนบสนนใหครวเรอนตดตงแผง และ ขาย

ไฟฟา

(-) RWI KC EMC PSTC GENCO ตด Trading alert ตองตด Cash balance 3 สปดาห ตามเกณฑ

ใหม / หนเกงก าไรราคาพกตวนาเลนสน CEN IRCP EPG BMCL

(+) TPOLY มลคาทางบญชเพม โดยสนทรพยเพม 2 พนลานบาท จากการขาย TPCH เขาตลาด (ทมา ขาวหน)

(+) ITD ขาวเซนสญญาโครงการทวายเฟสแรก ภายใน มค. 15 น โดยวนท 7-9 มค. จะมการประชมคณะกรรมการรวมไทย-พมา เพอพฒนาเขตเศรษฐกจทวาย (เฟสแรก) และเกงขาว ประทาน

บตรสรางเหมองโปแตส ภายใน 1Q15

(*) TCAP แจงตลาด ไมเคยปลอยกให SLC ซอ NMG ตามท นสพ.กรงเทพธรกจ ระบ

ปจจยทมผลตอตลาด

(+) ปธน.ฝรงเศสสงสญญาณบวก แนะเลกคว าบาตรรสเซย มองแนวโนมการเจรจา ไกลเกลยระหวางรสเซย-ยเครน ระหวาง 15 มค. มแนวโนมจะประนประนอมได

(-) กรซจดเลอกตงฉกเฉน 25 มค. รอบใหม โพลคาดพรรคสนบสนนการยกเลกมาตรการรดเขมขดชนะ สงผลกรซเสยงออกจากกลมยโรโซน

(0) พธ 7 มค. US Trade balance (พย.) -USD41 พนลาน จาก -USD43.4 พนลาน

(+) พฤหส 8 มค. EU sentiment (ธค.) คาด 101.1 จาก 100.8, ประชม ธนาคารกลางองกฤษ คาดคงดอกเบย 0.50%

(+) ศกร 9 มค. US อตราวางงาน (ธค.) 5.7% จาก 5.8% และการจางงานนอกภาคเกษตร, เยอรมน, ฝรงเศส, สเปน รายงาน Industrial Production (พย.)

วกจ ถรวรรณรตน Tel. (662) 618-1336

นกวเคราะหการลงทนปจจยพนฐานดานตลาดทน


สรปผลตอบแทนหลกทรพยทแนะน า

ชอหน วนทเรมแนะน า

ร า ค า เ ป ด

ณ.วนทเรมแนะน า

ราคา ส ง สด

นบจากวนทแนะน า

ร า ค า ป ด

ลาสด (เมอวาน)

%

เปลยนแปลงลาสด ค าแนะน า

IFEC 28/5/2014 3.12 15.7 12.7 307.05% ถอ

BBL 16/10/2014 194.5 205 189.5 -2.57% ถอ

IFEC-W1 10/11/2014 13.7 14.6 10.7 -21.90% ถอ

BTS 25/11/2014 10.3 10.4 9.85 -4.37% ถอ

CBG 26/11/2014 34.5 37.75 31.25 -9.42% ปดต า ก ว า 30.5 บาท Stop loss

INTUCH 27/11/2014 75.5 79.75 77.5 2.65% ถอ

BGH 28/11/2014 18.7 18.7 17.8 -4.81% ถอ

BECL 28/11/2014 39 39.75 39.25 0.64% ขายไปเมอ 6 มค.

WORK 1/12/2014 42 50 43.25 2.98% ถอ

ADVANC 4/12/2014 245 254 247 0.82% ถอ

MTLS 4/12/2014 12 12.9 12.4 3.33% ถอ

KTB 16/12/2014 21.4 23.4 21.4 0.00% ขายไปเมอ 6 มค.

TRC 19/12/2014 4.32 4.48 4.14 -4.17% ถอ

AOT 22/12/2014 279 285 272 -2.51% ถอ

RS 22/12/2014 16.5 17.9 17.6 6.67% ถอ

TVO 29/12/2014 21.7 21.7 21.5 -0.92% ขายไปเมอ 6 มค.

TUF 30/12/2014 22.06 91 21.2 -3.90% ถอ

TPOLY 5/1/2015 3.82 4.04 3.98 4.19% ถอ

EPG 6/1/2015 7.05 7.2 7.05 0.00% ถอ

Deletion 11 พย. MIDA -6.74% UMI -5.48%

13 พย. BLA -11.44%

18 พย. PTTEP -0.34% AP 0 19 พย. LPN +3.45% BEAUTY -3.82%

20 พย. ERW +1.7% 24 พย. TRC +4.35%

25 พย. EA +6.93% TCMC -4.26% TUF +3.6% EPCO -2.58% 26 พย. SOLAR +16.15%

27 พย. EFORL -3.43% 28 พย. BH +10.15% GFPT +2.03%

1 ธค. SAMART +3.01%

8 ธค. TTCL -6.31% 9 ธค. AIRA -12% SPALI +1.9% UNIQ +10.71% SCCC +0.94% ITD -1.27% SCC -3.35%

18 ธค. SST +10.13% 22 ธค. LPN +4.68%

24 ธค. TSE -12.04% 29 ธค. GRAMMY -6.38% UNIQ -3.28%

30 ธค. AIT +2.01% JAS +4.26% ITD -15.23% 6 มค. BECL +0.64% KTB 0% TVO -0.92%

Source: ASPEN


ปจจยทมผลกระทบตอตลาด

บรษทน ามนสหรฐเตรยมพรอมตดลดมลคาทางบญช

หลงจากราคาน ามนดบ WTI ปรบตวลงต ากวา 50 เหรยญสรอเมอวานนไดสงผลกระทบตอ

บรษทน ามน และธนาคารทปลอยกสนเชอใหกบกลมธรกจประเภทนตองทบทวนเรองแผนการลงทนในอนาคต และอาจมการประเมนมลคาสนทรพยใหมอกครงหากราคาน ามนดบยงต าตอเนอง

(Bloomberg)

ชหนครวเรอนถวงกบานโตต า แบงกคมเขมดภาระกอนปลอยเงน

แบงกยงผวาหนครวเรอนฉดความตองการสนเชอบานป 58 ขยายตวไมเตมท "ซไอเอมบ

ไทย" ช ภาพรวมดขนแตยงไมสง เผยยอดรเจกตทะล 35% เหตคนไทยมภาระหนเกนตว คาย

"กรงเทพ" เขมตงราคาบานตองเหมาะสม พรอมเกาะตดคอนโดฯตามชายขอบ เชอโตด "แบงกแลนด" เจาะกลมบาน 2 ลานบาท กดเอนพแอลเหลอ 3% (หนงสอพมพฐานเศรษฐกจ)

อดขาดดล 59 อก 5 หมนล. ย าไมขดวนยการเงนฯ/สศค.เลงปรบลดเปารายได

"สมหมาย ภาษ" เทงบขาดดลป 59 อก 5 หมนลานบาท เพมสดสวนภาครฐแทนภาคสงออกควบคหารายไดเตรยมหารอนายกฯ-ส านกงบฯ สปดาหน ดานสศค.เลงปรบลดเปารายไดเพอให

การจดท ารางงบป 59 อยบนฐานความเปนจรงมากขน แจง 3 ปจจยฉดรง "สงออก ราคาน ามน

เศรษฐกจโลก" (หนงสอพมพฐานเศรษฐกจ)

น าตาลโลกดงลามไรออย เตรยมท าใจราคาพลกผนแรง มสทธรวงต า สดรอบ 5 ป/ผสงออกรบศกหนก

ราคาน าตาลในตลาดโลกรวงตอเนอง โหนกระแสปจจยลบจากสถานการณโลก ไลตงแตราคาน ามนและอตราแลกเปลยนในประเทศผสงออกน าตาลรายส าคญผนผวนหนก ท าราคาน าตาล

สงออกต ากวาขายในประเทศ ชสงออกฤดผลตป 2557/58 จากไทยไปตลาดโลกลดลง หวนปญหา

ลามถงราคาพชเกษตรอยางออยและมนส าปะหลงรวมถงราคาแกสโซฮอล (หนงสอพมพฐานเศรษฐกจ)

"ปรดยาธร" ตงเปารายไดคลง นายกฯ ตง 6 บอรดเคลอนศก.

"ปรดยาธร" สงรอตวเลขงบป 59 ใหมหลงคลงตงเปารายไดต า ขณะทส านกงบฯ ตงรายจายคนหนจ าน าขาวต า ถกครงหนา 13 ม.ค. ดาน "สศค." ปรบลดเปาจดเกบปงบ 58 หลงราคา

น ามนปรบลด สงผลฐานค านวณภาษน ามนลดลง เผยยอดจดเกบจรงต าเปา 2 แสนลานบาท

"ประยทธ" สงตง 6 บอรดเคลอนภารกจส าคญพรอมสงลดมท.-พาณชยหาแนวทางลดราคาสนคา

(หนงสอพมพกรงเทพธรกจ)

เอกชนตงรบอยตด 'จเอสพ' กระทบสงออกตลาดยโรป 10%

นายกฯสงหนวยงานรฐเรงเพมขดแขงขน หลงไทยถกตดสทธจเอสพ เพมวจยพฒนาสนคา ดานเอกชนตงทมศกษาผล กระทบภายในม.ค.น เสนอรฐหามาตรการชวย คาดสงออกไปอยลด

10% บวแกวประเมนกระทบสนคากวา 6 พนรายการ มลคาปละกวา 3 หมนลานบาท (หนงสอพมพกรงเทพธรกจ)

ชยพร นอมพทกษเจรญ Tel. (662) 618-1330-1

นกวเคราะหการลงทนปจจยพนฐานดานตลาดทน


รายงานตวเลขเศรษฐกจส าคญประจ าสปดาห

United States

Economic Releases

Date Event Period Survey Actual Prior Revised Relevance

5/1/2015 ISM New York Dec -- 70.8 62.4 -- 13.1148

6/1/2015 Wards Total Vehicle Sales Dec 16.90M 16.80M 17.08M -- 41.8033

6/1/2015 Wards Domestic Vehicle Sales Dec 13.70M 13.46M 13.78M -- 35.2459

6/1/2015 RBC Consumer Outlook Index Jan -- 53.3 53.3 -- 14.7541

6/1/2015 Markit US Composite PMI Dec F -- 53.5 53.8 -- 70

6/1/2015 Markit US Services PMI Dec F 53.7 53.3 53.6 -- 70

6/1/2015 Factory Orders Nov -0.5% -0.7% -0.7% -- 86.0656

6/1/2015 ISM Non-Manf. Composite Dec 58.0 56.2 59.3 -- 74.5902

7/1/2015 MBA Mortgage Applications 2-Jan -- -- -- -- 92.623

7/1/2015 ADP Employment Change Dec 225K -- 208K -- 81.1475

7/1/2015 Trade Balance Nov -$42.0B -- -$43.4B -- 83.6066

8/1/2015 Fed Releases Minutes from Its Dec. 16-17 FOMC Meeting 0

8/1/2015 Challenger Job Cuts YoY Dec -- -- -20.7% -- 32.7869

8/1/2015 Initial Jobless Claims 3-Jan 290K -- 298K -- 98.3607

8/1/2015 Continuing Claims 27-Dec 2360K -- 2353K -- 68.8525

8/1/2015 Bloomberg Consumer Comfort 4-Jan -- -- 42.7 -- 62.2951

9/1/2015 Consumer Credit Nov $15.000B -- $13.226B -- 40.9836

9/1/2015 Change in Nonfarm Payrolls Dec 240K -- 321K -- 99.1803

9/1/2015 Tw o-Month Payroll Net Revision Dec -- -- -- -- 4.91803

9/1/2015 Change in Private Payrolls Dec 228K -- 314K -- 25.4098

9/1/2015 Change in Manufact. Payrolls Dec 15K -- 28K -- 69.4262

9/1/2015 Unemployment Rate Dec 5.7% -- 5.8% -- 89.2623

9/1/2015 Average Hourly Earnings MoM Dec 0.2% -- 0.4% -- 22.9508

9/1/2015 Average Hourly Earnings YoY Dec 2.2% -- 2.1% -- 21.3115

9/1/2015 Average Weekly Hours All Employees Dec 34.6 -- 34.6 -- 20.4918

9/1/2015 Underemployment Rate Dec -- -- 11.4% -- 15.5738

9/1/2015 Change in Household Employment Dec -- -- 4 -- 16.3934

9/1/2015 Labor Force Participation Rate Dec -- -- 62.8% -- 4.09836

9/1/2015 Wholesale Inventories MoM Nov 0.3% -- 0.4% -- 79.5082

9/1/2015 Wholesale Trade Sales MoM Nov 0.0% -- 0.2% -- 3.27869

Economic Events


3/1/2015 American Economic Association Holds Conference in Boston

8/1/2015 Fed Releases Minutes from Its Dec. 16-17 FOMC Meeting

8/1/2015 Fed President Evans Speaks on Monetary Policy in Chicago

9/1/2015 Fed's Kocherlakota Speaks on Monetary Policy in Minneapolis

China

Economic Releases


6/1/2015 HSBC China Composite PMI Dec -- 51.4 51.1 -- 70

6/1/2015 HSBC China Services PMI Dec -- 53.4 53.0 -- 70

7/1/2015 Westpac-MNI Consumer Sentiment Dec -- -- 111.0 -- 3.0303

9/1/2015 PPI YoY Dec -3.1% -- -2.7% -- 90.9091

9/1/2015 CPI YoY Dec 1.5% -- 1.4% -- 96.97

Japan

Economic Releases


5/1/2015 Markit/JMMA Japan Manufacturing PMI Dec F -- 52.0 52.1 -- 90

5/1/2015 Vehicle Sales YoY Dec -- -8.8% -13.5% -- 65.2174

6/1/2015 Monetary Base YoY Dec -- 38.2% 36.7% -- 79.3478

6/1/2015 Monetary Base End of period Dec -- ¥275.9T ¥262.7T -- 11.9565

6/1/2015 Markit/JMMA Japan Composite PMI Dec -- 51.9 51.2 -- 70.00

6/1/2015 Markit Japan Services PMI Dec -- 51.7 50.6 -- 70

8/1/2015 Japan Buying Foreign Bonds 30-Dec -- -- -- -- 40.2174

8/1/2015 Japan Buying Foreign Stocks 30-Dec -- -- -- -- 29.3478

8/1/2015 Foreign Buying Japan Bonds 30-Dec -- -- -- -- 44.5652

8/1/2015 Foreign Buying Japan Stocks 30-Dec -- -- -- -- 48.913

8/1/2015 Bloomberg Jan. Japan Economic Survey 0

8/1/2015 Tokyo Avg Office Vacancies Dec -- -- 5.55 -- 19.5652

9/1/2015 Official Reserve Assets Dec -- -- $1269.1B -- 33.6957

9/1/2015 Coincident Index Nov P -- -- 109.9 -- 34.7826

9/1/2015 Leading Index CI Nov P -- -- 104.5 -- 57.6087


Sources: Bloomberg

Thailand

Economic Releases


5/1/2015 CPI YoY Dec 1.10% 0.60% 1.26% -- 92.31

5/1/2015 CPI NSA MoM Dec -0.14% -0.50% -0.12% -- 50.00

5/1/2015 CPI Core YoY Dec 1.57% 1.69% 1.60% -- 73.08

8/1/2015 Consumer Confidence Dec -- -- 79.4 -- -

8/1/2015 Consumer Confidence Economic Dec -- -- 68.8 -- 46.15

9/1/2015 Forw ard Contracts 2-Jan -- -- $23.6B -- 30.77

9/1/2015 Foreign Reserves 2-Jan -- -- $157.0B -- 80.7692


รายงานวนน

หน: LH ค าแนะน า: ซอ ราคาเปาหมาย (บาท): 10.60

เราปรบลดราคาเปาหมาย ณ สนป 2558 ลงจาก 12 บาท เปน 10.60 บาท เพอสะทอน

ประมาณการก าไรป 2558 และมลคาตลาดการลงทนทลดลง

การทบรษทไดขายศนยการคา Terminal 21 ใหแกกอง REIT ใหมจะสงผลใหบรษทรบร

ก าไรในระยะสนไดเปนจ านวนมาก แตในระยะยาวจะสงผลใหก าไรหลกลดลงเนองจากจะ

ไมมการรบรรายไดคาเชาทของศนยการคาดงกลาวอกตอไป

ยอดจองซอป 2557 มแนวโนมต ากวาเปาของบรษทท 32 พนลานบาทเลกนอยจากอป

สงคทออนตวในเดอนธ.ค.

เราคาดการณเชงอนรกษนยมวารายไดจากโครงการทอยอาศยจะเตบโต 4% และก าไร

หลกจะเตบโต 9% ในป 2558

บรษทยงมสวนแบงก าไรจากเงนลงทนคอยชวย ซงคดเปน หนงในสาม ของก าไรทงหมด

นกวเคราะห: นฤมล เอกสมทร, นกวเคราะหการลงทนปจจยพนฐานดานหลกทรพย

หมายเหต: รายงานดงกลาวเปนเพยงเนอหาโดยสรป สามารถอานรายละเอยดเพมเตมไดในรายงานฉบบเตม


ปฏทนหน

Sources: SET, Bualuang research

Share buyback

Stock Buyback period No. of buyback shares (mn)

Max amt of shares to be bought back (Btm)

Buyback result

No. of shares

JAS 25/07/2014-24/12/2014 713.74 989.696 142,730,000

BLAND 24/08/2014-24/02/2015 1,200 2,336.024 1,155,011,400

BTS 25/08/2014-24/02/2015 600 925.192 95,839,900

CI 25/08/2014-24/02/2015 72 3.578 1,700,000


Tender offer

Company Tender period No. of tender shares Offer price (Bt) Tender offeror

SCBLIF 11/12/2014-16/02/2015 3,549,967 1,170.00 SCB LIFE ASSURANCE PUBLIC COMPANY LIMITED (SCBLIF)


XD TTL 38 XR TSF 2 : [email protected] Baht

XR MAX 10 : [email protected] Baht XR UWC 1 : [email protected] Baht

XW BLISS 10 : 1 XW AJD 4 : 1 XD VGI 0.14

XR IFEC 9 : [email protected] Baht

XR STHAI 1 : [email protected] Baht XR SAFARI 1.5 : [email protected] Baht

XW DCON 6 : 1 XD TSC 0.5

XD METCO 9 XR TTA 15 : 6 XR WHA -

XD TTA 0.25 XW TTA - XW WHA -

XW KIAT 2 : 1 XW SAMART 5 : 1 XR UREKA 4 : [email protected] Baht

Note-XD Cash Dividend, XD (ST) Stock Dividend, PD Payment Date, XR- Right for Common

XW- Right for Warrant XM- Right for meeting

Mon

13-Jan-15

Sun Tue4-Jan-15

18-Jan-15 20-Jan-1519-Jan-15

5-Jan-15

12-Jan-1511-Jan-15

6-Jan-15

Wed7-Jan-15 8-Jan-15

17-Jan-15

10-Jan-159-Jan-15

15-Jan-15

SatFriThu

24-Jan-15

16-Jan-15

1-Feb-15

31-Jan-15

2-Feb-15 7-Feb-15

29-Jan-15 30-Jan-1525-Jan-15

14-Jan-15

26-Jan-15 27-Jan-15 28-Jan-15

8-Feb-15 9-Feb-15 10-Feb-15 11-Feb-15

3-Feb-15

23-Jan-1521-Jan-15

4-Feb-15 5-Feb-15 6-Feb-15

22-Jan-15

14-Feb-1512-Feb-15 13-Feb-15


Derivative Warrants

Stock Underlying Last Trading Date Expiration Date

Exercise Price

Exercise Ratio

AAV01C1501A AAV 30 Jan 15 6 Feb 15 4 2 : 1

AAV01C1506A AAV 29 Jun 15 7 Jul 15 4 1.7 : 1

AAV01P1501A AAV 30 Jan 15 6 Feb 15 5.4 1.3 : 1

AAV01P1506A AAV 29 Jun 15 7 Jul 15 5.3 1.2 : 1

AAV06C1506A AAV 30 Jun 15 8 Jul 15 3 2 : 1

AAV11C1503A AAV 27 Mar 15 3 Apr 15 4.7 3.7 : 1

AAV11C1504A AAV 30 Apr 15 9 May 15 4.43 1.4 : 1

AAV18C1501A AAV 5 Jan 15 10 Jan 15 3.5 2 : 1

AAV28C1503A AAV 2 Mar 15 10 Mar 15 4.5 1.4 : 1

AAV42C1501A AAV 26 Jan 15 31 Jan 15 4.5 2.5 : 1

ADVA01C1503A ADVANC 31 Mar 15 8 Apr 15 194 80 : 1

ADVA01P1503A ADVANC 31 Mar 15 8 Apr 15 268 65 : 1

ADVA06C1601A ADVANC 29 Jan 16 5 Feb 16 151.525 94.69697 : 1

ADVA08C1502A ADVANC 18 Feb 15 25 Feb 15 179.936 80.49765 : 1

ADVA11C1502A ADVANC 27 Feb 15 7 Mar 15 192.385 64.61427 : 1

ADVA11P1502A ADVANC 27 Feb 15 7 Mar 15 213.761 42.752301 : 1

ADVA13C1504A ADVANC 3 Apr 15 11 Apr 15 240 55 : 1

ADVA13P1504A ADVANC 3 Apr 15 11 Apr 15 210 35 : 1

ADVA16C1509A ADVANC 30 Sep 15 7 Oct 15 218 75 : 1

ADVA18C1502A ADVANC 26 Feb 15 6 Mar 15 194.329 67.99463 : 1

ADVA23C1505A ADVANC 21 May 15 28 May 15 195 75 : 1

ADVA27C1503A ADVANC 12 Mar 15 19 Mar 15 189.406 71.02733 : 1

ADVA28C1501A ADVANC 5 Jan 15 10 Jan 15 213.761 68.01501 : 1

ADVA28C1501B ADVANC 30 Dec 14 9 Jan 15 184.612 32.06422 : 1

ADVA28CG ADVANC 17 Apr 15 24 Apr 15 231.422 74.05519 : 1

ADVA28P1501A ADVANC 30 Dec 14 9 Jan 15 179.754 24.29108 : 1

ADVA28P1505A ADVANC 4 May 15 12 May 15 250 55 : 1

ADVA42C1506A ADVANC 23 Jun 15 30 Jun 15 224 70 : 1

ADVA42P1502A ADVANC 27 Feb 15 7 Mar 15 230 50 : 1

AMAT01C1506A AMATA 29 Jun 15 7 Jul 15 13.8 8 : 1

AMAT01P1506A AMATA 29 Jun 15 7 Jul 15 18 5.3 : 1

AMAT42C1506A AMATA 23 Jun 15 30 Jun 15 15 7 : 1

AOT01C1503A AOT 31 Mar 15 8 Apr 15 207.45 79.05138 : 1

AOT01P1503A AOT 31 Mar 15 8 Apr 15 276.6 59.27682 : 1

AOT06C1603A AOT 31 Mar 16 8 Apr 16 148.179 49.38272 : 1

AOT06P1505A AOT 29 May 15 6 Jun 15 212.389 49.38272 : 1

AOT07C1506A AOT 19 Jun 15 26 Jun 15 217.329 61.74107 : 1

AOT11C1501A AOT 30 Jan 15 6 Feb 15 207.45 65.19857 : 1

AOT11C1506A AOT 30 Jun 15 8 Jul 15 217.328 73.10142 : 1

AOT11P1501A AOT 30 Jan 15 6 Feb 15 217.328 34.575 : 1

AOT13C1501A AOT 9 Jan 15 16 Jan 15 216.341 59.27682 : 1

AOT13C1504A AOT 10 Apr 15 22 Apr 15 275.612 58.27506 : 1

AOT16C1506A AOT 8 Jun 15 13 Jun 15 162.996 39.51008 : 1

AOT18C1502A AOT 26 Feb 15 6 Mar 15 182.754 69.12926 : 1

AOT23P1501A AOT 22 Jan 15 29 Jan 15 167.936 14.81701 : 1

AOT27C1508A AOT 13 Aug 15 20 Aug 15 300 60 : 1

AOT28C1501A AOT 30 Dec 14 9 Jan 15 182.754 35.56285 : 1

AOT28C1503A AOT 2 Mar 15 10 Mar 15 227.207 64.21071 : 1

AOT28C1506A AOT 2 Jun 15 9 Jun 15 300 63 : 1

AOT28P1503A AOT 2 Mar 15 10 Mar 15 227.207 49.39285 : 1

AOT42C1505A AOT 29 May 15 6 Jun 15 217.329 63.21113 : 1

AOT42P1502A AOT 27 Feb 15 7 Mar 15 237.086 49.38272 : 1

AP01C1502A AP 27 Feb 15 7 Mar 15 5.892 3.62568 : 1

AP11C1501A AP 30 Jan 15 6 Feb 15 5.891 3.35381 : 1

AP18C1502A AP 26 Feb 15 6 Mar 15 5.257 2.9006 : 1


Derivative Warrants


Exercise Price

Exercise Ratio

AP42C1505A AP 29 May 15 6 Jun 15 6.5 3.5 : 1

BANK08C1504A BANK 30 Apr 15 9 May 15 580 0.01613

BANP01C1502A BANPU 27 Feb 15 7 Mar 15 28 20 : 1

BANP01C1505A BANPU 29 May 15 6 Jun 15 23.5 20 : 1

BANP01P1502A BANPU 27 Feb 15 7 Mar 15 38 14 : 1

BANP01P1505A BANPU 29 May 15 6 Jun 15 33 15 : 1

BANP06C1601A BANPU 29 Jan 16 5 Feb 16 19.208 24.0096 : 1

BANP06P1502A BANPU 27 Feb 15 7 Mar 15 28.813 12.48595 : 1

BANP06P1601A BANPU 29 Jan 16 5 Feb 16 29 13 : 1

BANP08C1501A BANPU 8 Jan 15 15 Jan 15 22.662 17.24265 : 1

BANP08C1506A BANPU 30 Jun 15 8 Jul 15 24.4 16.58268 : 1

BANP08P1501A BANPU 8 Jan 15 15 Jan 15 30.544 11.33088 : 1

BANP11C1503A BANPU 27 Mar 15 3 Apr 15 30.839 16.45441 : 1

BANP11P1503A BANPU 27 Mar 15 3 Apr 15 36.455 10.83823 : 1


BANP13C1502A BANPU 6 Feb 15 13 Feb 15 30.051 14.7776 : 1

BANP16C1506A BANPU 17 Jun 15 24 Jun 15 24.14 19.70443 : 1

BANP23C1510A BANPU 15 Oct 15 22 Oct 15 24.8 18 : 1


BANP27C1508A BANPU 13 Aug 15 20 Aug 15 26 16 : 1


BANP28C1505A BANPU 4 May 15 12 May 15 29 18 : 1

BANP42C1507A BANPU 28 Jul 15 5 Aug 15 25 16 : 1

BBL06C1601A BBL 29 Jan 16 5 Feb 16 125.811 48.40271 : 1

BBL06P1504A BBL 30 Apr 15 9 May 15 193.556 48.40271 : 1

BBL08C1506A BBL 18 Jun 15 25 Jun 15 203.093 60.92791 : 1

BBL11C1502A BBL 27 Feb 15 7 Mar 15 193.186 65.38604 : 1

BBL11P1502A BBL 27 Feb 15 7 Mar 15 213.99 39.6279 : 1

BBL13C1501A BBL 16 Jan 15 23 Jan 15 203.093 29.72652 : 1

BBL13C1505A BBL 7 May 15 14 May 15 220 52 : 1

BBL13P1503A BBL 3 Mar 15 11 Mar 15 185 18 : 1

BBL16C1505A BBL 11 May 15 16 May 15 163.465 40.61738 : 1

BBL18C1503A BBL 27 Mar 15 3 Apr 15 178.326 69.32804 : 1

BBL23C1501A BBL 22 Jan 15 29 Jan 15 154.844 33.87534 : 1

BBL23P1501A BBL 22 Jan 15 29 Jan 15 154.844 15.48467 : 1

BBL28C1501A BBL 5 Jan 15 10 Jan 15 178.326 33.68373 : 1

BBL28C1506A BBL 2 Jun 15 9 Jun 15 215 60 : 1

BBL28P1501A BBL 5 Jan 15 10 Jan 15 198.14 27.73954 : 1

BBL42C1507A BBL 28 Jul 15 5 Aug 15 180 32 : 1

BBL42P1507A BBL 28 Jul 15 5 Aug 15 220 27 : 1

BCH01C1503A BCH 31 Mar 15 8 Apr 15 9 8 : 1

BCH08C1504A BCH 30 Apr 15 9 May 15 7.46 3.28245 : 1

BCH18C1503A BCH 27 Mar 15 3 Apr 15 9 3.2 : 1

BCH23C1507A BCH 16 Jul 15 23 Jul 15 8.8 8 : 1

BCH42C1504A BCH 27 Apr 15 5 May 15 9.8 7 : 1

BCP01C1502A BCP 27 Feb 15 7 Mar 15 28 20 : 1

BCP01P1502A BCP 27 Feb 15 7 Mar 15 38 15 : 1

BCP06C1502A BCP 27 Feb 15 7 Mar 15 19.144 23.92917 : 1

BCP06C1511A BCP 30 Nov 15 5 Dec 15 26 25 : 1

BCP08C1504A BCP 30 Apr 15 9 May 15 31 17.30892 : 1

BCP11C1505A BCP 29 May 15 6 Jun 15 34 17 : 1

BCP13C1505A BCP 22 May 15 29 May 15 38.5 14 : 1

BCP23C1505A BCP 21 May 15 28 May 15 25.653 17.68972 : 1

BCP28C1507A BCP 2 Jul 15 9 Jul 15 32 15.5 : 1

BCP42C1507A BCP 28 Jul 15 5 Aug 15 27.5 20 : 1


Derivative Warrants


Exercise Price

Exercise Ratio

BEC01C1502A BEC 27 Feb 15 7 Mar 15 42 20 : 1

BEC01P1502A BEC 27 Feb 15 7 Mar 15 56 14 : 1

BEC06C1503A BEC 31 Mar 15 8 Apr 15 38.143 23.8379 : 1

BEC27C1508A BEC 13 Aug 15 20 Aug 15 56 15 : 1

BECL08C1504A BECL 30 Apr 15 9 May 15 32.822 16.16582 : 1

BECL42C1505A BECL 29 May 15 6 Jun 15 36.5 16 : 1

BGH01C1504A BGH 30 Apr 15 9 May 15 15.4 8 : 1

BGH01P1504A BGH 30 Apr 15 9 May 15 20.4 5.5 : 1

BGH06CB BGH 30 Apr 15 9 May 15 9.852 4.92611 : 1

BGH08C1502A BGH 18 Feb 15 25 Feb 15 10.542 4.43333 : 1

BGH08C1506A BGH 18 Jun 15 25 Jun 15 17.5 7.2 : 1

BGH11C1506A BGH 30 Jun 15 8 Jul 15 16.7 7.2 : 1

BGH13C1502A BGH 13 Feb 15 20 Feb 15 20 5.6 : 1

BGH16C1507A BGH 9 Jul 15 16 Jul 15 16 8 : 1

BGH27C1501A BGH 8 Jan 15 15 Jan 15 15 6 : 1

BGH28C1501A BGH 5 Jan 15 10 Jan 15 15.5 7.5 : 1

BGH28C1503A BGH 2 Mar 15 10 Mar 15 18.5 7 : 1

BGH42C1506A BGH 23 Jun 15 30 Jun 15 17.2 7 : 1

BGH42P1502A BGH 27 Feb 15 7 Mar 15 21 6 : 1

BH01C1504A BH 30 Apr 15 9 May 15 114 40 : 1

BH42C1501A BH 26 Jan 15 31 Jan 15 119.378 29.85075 : 1

BIGC01C1501A BIGC 30 Jan 15 6 Feb 15 188 80 : 1

BJC01C1503A BJC 31 Mar 15 8 Apr 15 41 20 : 1

BJC01P1503A BJC 31 Mar 15 8 Apr 15 55 14 : 1

BJC06C1507A BJC 31 Jul 15 7 Aug 15 34.745 24.82005 : 1

BJC08C1506A BJC 18 Jun 15 25 Jun 15 59.563 17.86875 : 1

BJC16C1506A BJC 8 Jun 15 13 Jun 15 38.467 19.85309 : 1

BJC28C1503A BJC 2 Mar 15 10 Mar 15 49.635 17.86874 : 1

BJC42C1501A BJC 26 Jan 15 31 Jan 15 51.621 15.8831 : 1

BJCH13C1504A BJCHI 30 Apr 15 9 May 15 39.75 14.8 : 1

BJCH42C1505A BJCHI 29 May 15 6 Jun 15 37 16 : 1

BLA01C1503A BLA 31 Mar 15 8 Apr 15 56.396 21.41786 : 1

BLA06CA BLA 30 Apr 15 9 May 15 31.471 17.48557 : 1

BLA23C1501A BLA 22 Jan 15 29 Jan 15 46.776 10.63038 : 1

BLA42C1506A BLA 23 Jun 15 30 Jun 15 48 16 : 1

BLAN01C1504A BLAND 30 Apr 15 9 May 15 1.666 0.78384 : 1

BLAN01P1504A BLAND 30 Apr 15 9 May 15 2.254 0.53889 : 1

BLAN08C1501A BLAND 8 Jan 15 15 Jan 15 1.42 0.69084 : 1

BLAN08C1506A BLAND 30 Jun 15 8 Jul 15 1.6 0.62043 : 1

BLAN11C1506A BLAND 30 Jun 15 8 Jul 15 1.7 0.68 : 1


BLAN13C1503A BLAND 12 Mar 15 19 Mar 15 1.96 0.58788 : 1

BLAN18C1503A BLAND 27 Mar 15 3 Apr 15 1.96 0.78384 : 1

BLAN23C1502A BLAND 19 Feb 15 26 Feb 15 1.862 2.93945 : 1

BLAN27C1506A BLAND 18 Jun 15 25 Jun 15 2.06 1.1 : 1


BLAN28C1505A BLAND 8 May 15 15 May 15 2.156 1.27374 : 1

BLAN42C1507A BLAND 28 Jul 15 5 Aug 15 1.5 0.7 : 1

BMCL01C1503A BMCL 31 Mar 15 8 Apr 15 1.65 0.8 : 1

BMCL01C1505A BMCL 29 May 15 6 Jun 15 1.45 0.85 : 1

BMCL01P1503A BMCL 31 Mar 15 8 Apr 15 2.14 0.6 : 1

BMCL01P1505A BMCL 29 May 15 6 Jun 15 2 0.55 : 1

BMCL06C1507A BMCL 31 Jul 15 7 Aug 15 0.95 1 : 1

BMCL08C1508A BMCL 28 Aug 15 4 Sep 15 1.25 0.76 : 1

BMCL11C1506A BMCL 30 Jun 15 8 Jul 15 1.5 0.75 : 1


Derivative Warrants


Exercise Price

Exercise Ratio

BMCL13C1501A BMCL 9 Jan 15 16 Jan 15 1.85 0.6 : 1

BMCL13C1502A BMCL 18 Feb 15 25 Feb 15 2.4 1 : 1

BMCL13C1505A BMCL 7 May 15 14 May 15 2 0.55 : 1

BMCL18C1502A BMCL 26 Feb 15 6 Mar 15 1.3 0.8 : 1

BMCL23C1502A BMCL 19 Feb 15 26 Feb 15 1.55 1.4 : 1


BMCL28C1501A BMCL 5 Jan 15 10 Jan 15 1.2 0.7 : 1

BMCL28C1501B BMCL 5 Jan 15 10 Jan 15 1.8 0.62 : 1


BMCL28C1503A BMCL 2 Mar 15 10 Mar 15 2.2 1.25 : 1

BMCL28C1506A BMCL 8 Jun 15 13 Jun 15 1.75 0.75 : 1

BMCL42C1507A BMCL 28 Jul 15 5 Aug 15 1.78 0.66333 : 1

BTS01C1501A BTS 30 Jan 15 6 Feb 15 7.6 4 : 1

BTS01C1505A BTS 29 May 15 6 Jun 15 8.8 7.7 : 1

BTS01P1501A BTS 30 Jan 15 6 Feb 15 10.2 3 : 1

BTS01P1505A BTS 29 May 15 6 Jun 15 12 6 : 1

BTS06C1504A BTS 30 Apr 15 9 May 15 5.855 4.87924 : 1

BTS11C1503A BTS 27 Mar 15 3 Apr 15 8.3 3.2 : 1

BTS13C1503A BTS 3 Mar 15 11 Mar 15 10 3 : 1

BTS13C1504A BTS 3 Apr 15 11 Apr 15 11 5.2 : 1

BTS16C1507A BTS 9 Jul 15 16 Jul 15 8.5 3.5 : 1

BTS23C1511A BTS 12 Nov 15 19 Nov 15 8.8 3.5 : 1

BTS27C1506A BTS 18 Jun 15 25 Jun 15 10.3 6.4 : 1

BTS28C1502A BTS 2 Feb 15 7 Feb 15 9 3.2 : 1

BTS28C1503A BTS 2 Mar 15 10 Mar 15 10.6 6 : 1

BTS42C1501A BTS 30 Jan 15 6 Feb 15 7.6 4 : 1

CENT01C1502A CENTEL 27 Feb 15 7 Mar 15 35 20 : 1

CENT01P1502A CENTEL 27 Feb 15 7 Mar 15 47 14 : 1

CENT06C1503A CENTEL 31 Mar 15 8 Apr 15 22.703 24.67917 : 1

CENT11C1504A CENTEL 30 Apr 15 9 May 15 35 17.3 : 1

CENT27C1505A CENTEL 14 May 15 21 May 15 39.75 15 : 1

CENT42C1501A CENTEL 26 Jan 15 31 Jan 15 37 16 : 1

CK01C1505A CK 29 May 15 6 Jun 15 22 20 : 1

CK01P1505A CK 29 May 15 6 Jun 15 32 14 : 1

CK06C1504A CK 30 Apr 15 9 May 15 10.535 9.57671 : 1

CK06C1510A CK 30 Oct 15 6 Nov 15 22 25 : 1

CK06P1504A CK 30 Apr 15 9 May 15 16.281 4.78858 : 1

CK07C1506A CK 19 Jun 15 26 Jun 15 27.5 15.5 : 1

CK08C1502A CK 18 Feb 15 25 Feb 15 12.45 7.66183 : 1

CK08C1506A CK 18 Jun 15 25 Jun 15 27.8 16.38214 : 1

CK11C1503A CK 27 Mar 15 3 Apr 15 24.622 6.05642 : 1

CK11C1503B CK 27 Mar 15 3 Apr 15 25.317 17.17642 : 1

CK13C1501A CK 12 Jan 15 17 Jan 15 27.304 14.89203 : 1

CK13C1505A CK 7 May 15 14 May 15 30 14.5 : 1

CK23C1502A CK 19 Feb 15 26 Feb 15 23.431 35.73981 : 1

CK27C1503A CK 12 Mar 15 19 Mar 15 14.366 7.47029 : 1

CK27C1507A CK 9 Jul 15 16 Jul 15 25.5 16.5 : 1

CK28C1501A CK 5 Jan 15 10 Jan 15 19.857 7.44643 : 1

CK28C1503A CK 2 Mar 15 10 Mar 15 27.8 15.88571 : 1

CK42C1501A CK 26 Jan 15 31 Jan 15 21.843 15.88562 : 1

CK42P1503A CK 13 Mar 15 20 Mar 15 30 13 : 1

CPAL01C1501A CPALL 30 Jan 15 6 Feb 15 42 20 : 1

CPAL01C1505A CPALL 29 May 15 6 Jun 15 39 20 : 1

CPAL01P1501A CPALL 30 Jan 15 6 Feb 15 54 15 : 1

CPAL01P1505A CPALL 29 May 15 6 Jun 15 52 15 : 1


Derivative Warrants


Exercise Price

Exercise Ratio

CPAL06C1601A CPALL 29 Jan 16 5 Feb 16 28.389 24.47381 : 1

CPAL08C1502A CPALL 18 Feb 15 25 Feb 15 31.326 18.6 : 1

CPAL11C1503A CPALL 27 Mar 15 3 Apr 15 45 16.9 : 1

CPAL13C1505A CPALL 29 May 15 6 Jun 15 44 14.5 : 1

CPAL16C1505A CPALL 11 May 15 16 May 15 38 20 : 1

CPAL28CD CPALL 17 Apr 15 24 Apr 15 39.158 17.62105 : 1

CPAL42C1501A CPALL 26 Jan 15 31 Jan 15 48 16 : 1

CPAL42P1502A CPALL 27 Feb 15 7 Mar 15 51 13 : 1

CPF01C1502A CPF 27 Feb 15 7 Mar 15 26 20 : 1

CPF01P1502A CPF 27 Feb 15 7 Mar 15 35.5 15 : 1

CPF06CC CPF 30 Apr 15 9 May 15 20.379 24.26007 : 1

CPF08C1503A CPF 27 Mar 15 3 Apr 15 28.21 14.84746 : 1

CPF08P1503A CPF 27 Mar 15 3 Apr 15 27.22 9.00746 : 1

CPF11C1505A CPF 29 May 15 6 Jun 15 30.5 16 : 1

CPF13C1504A CPF 3 Apr 15 11 Apr 15 32 15 : 1

CPF16C1509A CPF 30 Sep 15 7 Oct 15 26.5 18 : 1

CPF27C1501A CPF 8 Jan 15 15 Jan 15 26.725 15.83729 : 1

CPF27C1508A CPF 13 Aug 15 20 Aug 15 28 16 : 1

CPF27P1507A CPF 9 Jul 15 16 Jul 15 26.5 7.4 : 1

CPF28C1503A CPF 2 Mar 15 10 Mar 15 29 17 : 1

CPF42C1501A CPF 26 Jan 15 31 Jan 15 27.715 15.83782 : 1

CPN01C1502A CPN 27 Feb 15 7 Mar 15 43 20 : 1

CPN01P1502A CPN 27 Feb 15 7 Mar 15 56 15 : 1

CPN06C1601A CPN 29 Jan 16 5 Feb 16 28.646 24.69746 : 1

CPN11C1503A CPN 27 Mar 15 3 Apr 15 46 16.9 : 1

CPN13C1502A CPN 13 Feb 15 20 Feb 15 50 15 : 1

CPN16C1509A CPN 30 Sep 15 7 Oct 15 43.5 18 : 1

CPN18C1501A CPN 5 Jan 15 10 Jan 15 42 20 : 1

CPN28C1502A CPN 2 Feb 15 7 Feb 15 48 16 : 1

CPN28C1507A CPN 2 Jul 15 9 Jul 15 46 16.5 : 1

CPN42C1505A CPN 29 May 15 6 Jun 15 45 18 : 1

DELT01C1502A DELTA 27 Feb 15 7 Mar 15 57 20 : 1

DELT01P1502A DELTA 27 Feb 15 7 Mar 15 74 14 : 1

DELT08C1506A DELTA 30 Jun 15 8 Jul 15 72 15.94206 : 1

DELT27C1502A DELTA 16 Feb 15 21 Feb 15 58 17 : 1

DELT42C1506A DELTA 23 Jun 15 30 Jun 15 70 16 : 1

DTAC01C1502A DTAC 27 Feb 15 7 Mar 15 97.498 35.44842 : 1

DTAC01P1502A DTAC 27 Feb 15 7 Mar 15 126.058 27.5786 : 1

DTAC06C1507A DTAC 31 Jul 15 7 Aug 15 87.255 48.4731 : 1

DTAC06P1507A DTAC 31 Jul 15 7 Aug 15 121.187 24.23655 : 1

DTAC11C1506A DTAC 30 Jun 15 8 Jul 15 93 37.5 : 1

DTAC11P1506A DTAC 30 Jun 15 8 Jul 15 130 26.7 : 1

DTAC13C1502A DTAC 19 Feb 15 26 Feb 15 110.301 26.29503 : 1

DTAC13C1503A DTAC 3 Mar 15 11 Mar 15 99.5 13 : 1

DTAC13P1505A DTAC 29 May 15 6 Jun 15 95 17.5 : 1

DTAC16C1506A DTAC 8 Jun 15 13 Jun 15 99.373 38.77472 : 1

DTAC23C1501A DTAC 22 Jan 15 29 Jan 15 93.868 32.56268 : 1

DTAC23P1501A DTAC 22 Jan 15 29 Jan 15 93.868 14.36575 : 1

DTAC27C1502A DTAC 16 Feb 15 21 Feb 15 106.645 31.99352 : 1

DTAC28C1503A DTAC 3 Mar 15 11 Mar 15 108.331 31.51459 : 1

DTAC28P1502A DTAC 2 Feb 15 7 Feb 15 121.187 31.02401 : 1

DTAC42C1506A DTAC 23 Jun 15 30 Jun 15 96 32 : 1

EART01C1502A EARTH 27 Feb 15 7 Mar 15 5.154 3.96432 : 1

EART01P1503A EARTH 31 Mar 15 8 Apr 15 6.343 2.57672 : 1

EART13C1501A EARTH 16 Jan 15 23 Jan 15 6.938 2.82454 : 1


Derivative Warrants


Exercise Price

Exercise Ratio

EART13C1503A EARTH 3 Mar 15 11 Mar 15 6.442 2.4777 : 1

EART18C1503A EARTH 27 Mar 15 3 Apr 15 6.442 2.97324 : 1

EART27C1502A EARTH 23 Feb 15 28 Feb 15 6.442 3.46875 : 1

EART28C1502A EARTH 2 Feb 15 7 Feb 15 6.145 3.17143 : 1

EART28C1506A EARTH 2 Jun 15 9 Jun 15 6.2 2.85 : 1

EART42C1502A EARTH 27 Feb 15 7 Mar 15 5.451 3.96432 : 1

EGCO23C1511A EGCO 12 Nov 15 19 Nov 15 148 36 : 1

EGCO42C1506A EGCO 23 Jun 15 30 Jun 15 160 32 : 1

ENER08C1504A ENERG 30 Apr 15 9 May 15 19000 0.00038

ESSO13C1606A ESSO 10 Jun 16 17 Jun 16 6.9 2.6 : 1

ESSO42C1501A ESSO 26 Jan 15 31 Jan 15 6.5 3 : 1

ESSO42C1602A ESSO 23 Feb 16 1 Mar 16 4.5 3 : 1

GFPT06C1504A GFPT 30 Apr 15 9 May 15 10 10 : 1

GFPT27C1503A GFPT 12 Mar 15 19 Mar 15 12.5 7 : 1

GFPT42C1506A GFPT 23 Jun 15 30 Jun 15 18 7 : 1

GLOB01C1501A GLOBAL 30 Jan 15 6 Feb 15 11.4 8 : 1

GLOB01C1506A GLOBAL 29 Jun 15 7 Jul 15 10.7 8 : 1

GLOB01P1501A GLOBAL 30 Jan 15 6 Feb 15 15.4 5.5 : 1

GLOB01P1506A GLOBAL 29 Jun 15 7 Jul 15 13.8 5.5 : 1

GLOB06C1504A GLOBAL 30 Apr 15 9 May 15 9.418 8.56238 : 1

GLOB11C1504A GLOBAL 30 Apr 15 9 May 15 12.5 7 : 1

GLOB27C1505A GLOBAL 7 May 15 14 May 15 14.8 6.2 : 1

GLOB28C1503A GLOBAL 2 Mar 15 10 Mar 15 14.4 6.5 : 1

GLOB42C1502A GLOBAL 27 Feb 15 7 Mar 15 12.4 8 : 1

HEMR01C1504A HEMRAJ 30 Apr 15 9 May 15 3.8 1.65 : 1

HEMR01P1504A HEMRAJ 30 Apr 15 9 May 15 5.25 1.2 : 1

HEMR11C1504A HEMRAJ 30 Apr 15 9 May 15 3.79 1.37841 : 1

HEMR18C1501A HEMRAJ 6 Jan 15 13 Jan 15 3.249 1.57533 : 1

HEMR27C1503A HEMRAJ 12 Mar 15 19 Mar 15 2.661 1.52083 : 1

HEMR27C1507A HEMRAJ 9 Jul 15 16 Jul 15 4.6 1.2 : 1

HEMR28C1505A HEMRAJ 4 May 15 12 May 15 4.6 1.3 : 1

HEMR28C1505B HEMRAJ 4 May 15 12 May 15 5.5 3.5 : 1

HEMR42C1507A HEMRAJ 28 Jul 15 5 Aug 15 4.14 1.3 : 1

HMPR01C1505A HMPRO 29 May 15 6 Jun 15 8.2 4 : 1

HMPR01P1505A HMPRO 29 May 15 6 Jun 15 10.8 3 : 1

HMPR06C1503A HMPRO 31 Mar 15 8 Apr 15 5.816 3.87702 : 1

HMPR11C1503A HMPRO 27 Mar 15 3 Apr 15 9.054 6.03613 : 1

HMPR11C1504A HMPRO 30 Apr 15 9 May 15 8.3 3.7 : 1

HMPR16C1506A HMPRO 17 Jun 15 24 Jun 15 7.101 3.55076 : 1

HMPR27C1505A HMPRO 14 May 15 21 May 15 9.054 5.326 : 1

HMPR28C1501A HMPRO 5 Jan 15 10 Jan 15 7.989 2.663 : 1

HMPR28C1503A HMPRO 2 Mar 15 10 Mar 15 9.764 6.21367 : 1

HMPR42C1504A HMPRO 27 Apr 15 5 May 15 9 5 : 1

ICT08C1504A ICT 30 Apr 15 9 May 15 200 0.01429

INTU01C1503A INTUCH 31 Mar 15 8 Apr 15 64 20 : 1

INTU01P1503A INTUCH 31 Mar 15 8 Apr 15 82 15 : 1

INTU06C1601A INTUCH 29 Jan 16 5 Feb 16 51.812 23.55158 : 1

INTU06P1502A INTUCH 27 Feb 15 7 Mar 15 75.363 12.2474 : 1

INTU06P1601A INTUCH 29 Jan 16 5 Feb 16 71 13 : 1

INTU11C1504A INTUCH 30 Apr 15 9 May 15 63 18 : 1

INTU11P1504A INTUCH 30 Apr 15 9 May 15 78 11 : 1

INTU13C1501A INTUCH 16 Jan 15 23 Jan 15 70.262 13.37435 : 1

INTU13C1504A INTUCH 10 Apr 15 22 Apr 15 78 14 : 1

INTU13P1501A INTUCH 16 Jan 15 23 Jan 15 65.901 8.7222 : 1

INTU16C1507A INTUCH 9 Jul 15 16 Jul 15 63 19 : 1


Derivative Warrants


Exercise Price

Exercise Ratio

INTU23C1501A INTUCH 22 Jan 15 29 Jan 15 64.932 17.44287 : 1

INTU23P1501A INTUCH 22 Jan 15 29 Jan 15 64.932 7.75314 : 1

INTU28C1502A INTUCH 2 Feb 15 7 Feb 15 69.5 16.5 : 1

INTU28C1506A INTUCH 2 Jun 15 9 Jun 15 75 15 : 1

INTU42C1506A INTUCH 23 Jun 15 30 Jun 15 70 16 : 1

IRPC01C1503A IRPC 31 Mar 15 8 Apr 15 2.8 1.75 : 1

IRPC01P1503A IRPC 31 Mar 15 8 Apr 15 4.1 1.3 : 1

IRPC06C1504A IRPC 30 Apr 15 9 May 15 2.4 2 : 1

IRPC06P1504A IRPC 30 Apr 15 9 May 15 3.6 1 : 1

IRPC13C1502A IRPC 13 Feb 15 20 Feb 15 3.7 1.15 : 1

IRPC16C1506A IRPC 17 Jun 15 24 Jun 15 3 1.6 : 1

IRPC28C1503A IRPC 2 Mar 15 10 Mar 15 3.6 1.35 : 1

IRPC42C1504A IRPC 27 Apr 15 5 May 15 3.4 1.4 : 1

ITD01C1505A ITD 29 May 15 6 Jun 15 4.6 3.8 : 1

ITD01P1505A ITD 29 May 15 6 Jun 15 6 2.4 : 1

ITD06C1506A ITD 30 Jun 15 8 Jul 15 2.8 2 : 1

ITD06C1510A ITD 30 Oct 15 6 Nov 15 4.5 5 : 1

ITD06P1501A ITD 30 Jan 15 6 Feb 15 4.2 1 : 1

ITD08C1504A ITD 30 Apr 15 9 May 15 5 3.2 : 1

ITD11C1506A ITD 30 Jun 15 8 Jul 15 6.5 3.6 : 1

ITD13C1504A ITD 10 Apr 15 22 Apr 15 9 2.4 : 1

ITD13C1505A ITD 22 May 15 29 May 15 6.5 3 : 1

ITD23C1502A ITD 19 Feb 15 26 Feb 15 3.92 1.5 : 1

ITD27C1502A ITD 16 Feb 15 21 Feb 15 4.8 3 : 1

ITD27P1507A ITD 9 Jul 15 16 Jul 15 6.15 1.8 : 1

ITD28C1501A ITD 5 Jan 15 10 Jan 15 5.5 3 : 1

ITD28C1505A ITD 4 May 15 12 May 15 6 3.5 : 1

ITD28C1506A ITD 2 Jun 15 9 Jun 15 8.5 3 : 1

ITD42C1507A ITD 28 Jul 15 5 Aug 15 6 4 : 1

IVL01C1501A IVL 30 Jan 15 6 Feb 15 21.839 17.86671 : 1

IVL01C1505A IVL 29 May 15 6 Jun 15 19.5 8 : 1

IVL01P1501A IVL 30 Jan 15 6 Feb 15 32.759 14.88982 : 1

IVL01P1505A IVL 29 May 15 6 Jun 15 25.5 5.5 : 1

IVL06C1510A IVL 30 Oct 15 6 Nov 15 21 25 : 1

IVL06C1601A IVL 29 Jan 16 5 Feb 16 15.792 9.86972 : 1

IVL06P1502A IVL 27 Feb 15 7 Mar 15 23.688 4.9351 : 1

IVL06P1510A IVL 30 Oct 15 6 Nov 15 30 13 : 1

IVL07C1506A IVL 19 Jun 15 26 Jun 15 23 6.66667 : 1

IVL08C1506A IVL 18 Jun 15 25 Jun 15 25.81 16.87577 : 1

IVL11C1505A IVL 29 May 15 6 Jun 15 22 6.7 : 1

IVL11P1505A IVL 29 May 15 6 Jun 15 27 8.5 : 1

IVL13C1503A IVL 12 Mar 15 19 Mar 15 25 6 : 1

IVL13P1504A IVL 3 Apr 15 11 Apr 15 20.2 3.1 : 1

IVL16C1506A IVL 8 Jun 15 13 Jun 15 20.35 7.94155 : 1

IVL18C1502A IVL 26 Feb 15 6 Mar 15 24.817 9.92692 : 1

IVL23C1505A IVL 21 May 15 28 May 15 21.6 13 : 1

IVL27C1503A IVL 12 Mar 15 19 Mar 15 19.74 7.89597 : 1

IVL27P1505A IVL 7 May 15 14 May 15 25 7.5 : 1

IVL28C1501A IVL 5 Jan 15 10 Jan 15 23.328 5.95615 : 1

IVL28C1503A IVL 2 Mar 15 10 Mar 15 27 18 : 1

IVL28C1505A IVL 11 May 15 16 May 15 22.5 6 : 1

IVL42C1505A IVL 29 May 15 6 Jun 15 25 16 : 1

JAS01C1503A JAS 31 Mar 15 8 Apr 15 6 4 : 1

JAS01P1503A JAS 31 Mar 15 8 Apr 15 9 3 : 1

JAS06CA JAS 30 Apr 15 9 May 15 3.87 4.8377 : 1


Derivative Warrants


Exercise Price

Exercise Ratio

JAS08C1503A JAS 27 Mar 15 3 Apr 15 4.8 4.04457 : 1

JAS11C1503A JAS 27 Mar 15 3 Apr 15 7.5 3.5 : 1

JAS11P1503A JAS 27 Mar 15 3 Apr 15 7 2.1 : 1

JAS13C1501A JAS 14 Jan 15 21 Jan 15 7.2 2.9 : 1

JAS13C1504A JAS 30 Apr 15 9 May 15 7.8 3 : 1

JAS13P1502A JAS 18 Feb 15 25 Feb 15 6.8 1.75 : 1

JAS16C1506A JAS 8 Jun 15 13 Jun 15 6.9 3.8 : 1

JAS18C1501A JAS 6 Jan 15 13 Jan 15 7.25 4 : 1

JAS23C1502A JAS 19 Feb 15 26 Feb 15 6.7 3.5 : 1

JAS27C1503A JAS 5 Mar 15 12 Mar 15 7.5 3.8 : 1

JAS27P1507A JAS 9 Jul 15 16 Jul 15 6.5 1.4 : 1

JAS28C1501A JAS 30 Dec 14 9 Jan 15 8.5 3.5 : 1

JAS28CD JAS 17 Apr 15 24 Apr 15 7.063 3.38636 : 1

JAS28P1502A JAS 2 Feb 15 7 Feb 15 9 2.5 : 1

JAS42C1506A JAS 23 Jun 15 30 Jun 15 7.2 3.2 : 1

KBAN01C1503A KBANK 31 Mar 15 8 Apr 15 200 80 : 1

KBAN01P1503A KBANK 31 Mar 15 8 Apr 15 267 60 : 1

KBAN06C1601A KBANK 29 Jan 16 5 Feb 16 122.719 49.0918 : 1

KBAN06P1503A KBANK 31 Mar 15 8 Apr 15 196.35 49.0918 : 1

KBAN08C1506A KBANK 18 Jun 15 25 Jun 15 209.566 69.85537 : 1

KBAN13C1501A KBANK 16 Jan 15 23 Jan 15 214.556 59.88024 : 1

KBAN13C1505A KBANK 14 May 15 21 May 15 265 55 : 1

KBAN13P1502A KBANK 26 Feb 15 6 Mar 15 199.587 37.50938 : 1

KBAN23C1501A KBANK 22 Jan 15 29 Jan 15 151.19 34.36426 : 1

KBAN23P1501A KBANK 22 Jan 15 29 Jan 15 151.19 15.70845 : 1

KBAN28C1501A KBANK 30 Dec 14 9 Jan 15 219.545 64.86571 : 1

KBAN28C1505A KBANK 11 May 15 16 May 15 230 73 : 1

KBAN28CE KBANK 23 Apr 15 30 Apr 15 186.002 68.52681 : 1

KBAN28P1501A KBANK 30 Dec 14 9 Jan 15 224.535 60.87397 : 1

KBAN28P1505A KBANK 4 May 15 12 May 15 240 60 : 1

KBAN42C1507A KBANK 28 Jul 15 5 Aug 15 225 64 : 1

KBAN42P1502A KBANK 27 Feb 15 7 Mar 15 244.494 49.9002 : 1

KKP01C1501A KKP 30 Jan 15 6 Feb 15 37.563 19.77066 : 1

KKP01C1506A KKP 29 Jun 15 7 Jul 15 36 20 : 1

KKP01P1501A KKP 30 Jan 15 6 Feb 15 51.402 14.8258 : 1

KKP01P1506A KKP 29 Jun 15 7 Jul 15 46 15 : 1

KKP08C1506A KKP 18 Jun 15 25 Jun 15 39.54 17.7931 : 1

KKP23C1503A KKP 19 Mar 15 26 Mar 15 38.057 17.79043 : 1

KKP27C1502A KKP 16 Feb 15 21 Feb 15 43.494 15.81609 : 1

KKP28C1506A KKP 2 Jun 15 9 Jun 15 43 16.5 : 1

KKP42C1501A KKP 26 Jan 15 31 Jan 15 45.471 15.81528 : 1

KTB01C1503A KTB 31 Mar 15 8 Apr 15 21 8 : 1

KTB01P1503A KTB 31 Mar 15 8 Apr 15 27 5.5 : 1

KTB06C1601A KTB 29 Jan 16 5 Feb 16 13.371 9.5511 : 1

KTB08C1501A KTB 8 Jan 15 15 Jan 15 16.4 7 : 1

KTB08C1506A KTB 30 Jun 15 8 Jul 15 21.05 6.88267 : 1

KTB11C1506A KTB 30 Jun 15 8 Jul 15 21 7 : 1

KTB13C1502A KTB 13 Feb 15 20 Feb 15 19.5 6 : 1

KTB13C1504A KTB 3 Apr 15 11 Apr 15 25 14.5 : 1

KTB16C1509A KTB 30 Sep 15 7 Oct 15 21.2 7 : 1

KTB23C1505A KTB 21 May 15 28 May 15 19.7 7 : 1

KTB23P1502A KTB 19 Feb 15 26 Feb 15 17.5 3.5 : 1

KTB27C1502A KTB 23 Feb 15 28 Feb 15 20 6.5 : 1

KTB28C1502A KTB 2 Feb 15 7 Feb 15 21 7 : 1

KTB28C1506A KTB 2 Jun 15 9 Jun 15 22 6.8 : 1


Derivative Warrants


Exercise Price

Exercise Ratio

KTB28C1507A KTB 6 Jul 15 11 Jul 15 28 16.6 : 1

KTB42C1507A KTB 28 Jul 15 5 Aug 15 21 7 : 1

KTB42P1503A KTB 13 Mar 15 20 Mar 15 27 7 : 1

LH01C1506A LH 29 Jun 15 7 Jul 15 8.6 7.5 : 1

LH01P1506A LH 29 Jun 15 7 Jul 15 11.7 5.5 : 1

LH08C1506A LH 18 Jun 15 25 Jun 15 9.577 6.35227 : 1

LH11C1504A LH 30 Apr 15 9 May 15 10.2 7.5 : 1

LH13C1503A LH 3 Mar 15 11 Mar 15 12.5 5.5 : 1

LH16C1506A LH 17 Jun 15 24 Jun 15 8.014 3.90915 : 1

LH42C1506A LH 23 Jun 15 30 Jun 15 9.4 7 : 1

LPN01C1501A LPN 30 Jan 15 6 Feb 15 19.77 7.90826 : 1

LPN01C1506A LPN 29 Jun 15 7 Jul 15 22.2 8 : 1

LPN01P1501A LPN 30 Jan 15 6 Feb 15 25.701 5.43656 : 1

LPN01P1506A LPN 29 Jun 15 7 Jul 15 27.5 5.5 : 1

LPN06C1504A LPN 30 Apr 15 9 May 15 10.873 9.88533 : 1

LPN11C1504A LPN 30 Apr 15 9 May 15 21.6 7 : 1

LPN27C1503A LPN 5 Mar 15 12 Mar 15 14.827 6.91947 : 1

LPN27C1507A LPN 9 Jul 15 16 Jul 15 25 14 : 1

LPN42C1505A LPN 29 May 15 6 Jun 15 23 16 : 1

M06C1507A M 31 Jul 15 7 Aug 15 47.393 24.68526 : 1

M08C1503A M 27 Mar 15 3 Apr 15 59.241 17.77233 : 1

M42C1507A M 28 Jul 15 5 Aug 15 56 16 : 1

MAJO06C1504A MAJOR 30 Apr 15 9 May 15 12.372 9.51656 : 1

MAJO42C1506A MAJOR 23 Jun 15 30 Jun 15 24 16 : 1

MC27C1506A MC 18 Jun 15 25 Jun 15 16.8 6 : 1

MC42C1506A MC 23 Jun 15 30 Jun 15 15.5 7 : 1

MCOT42C1505A MCOT 29 May 15 6 Jun 15 19 7 : 1

MCOT42C1602A MCOT 23 Feb 16 1 Mar 16 15 8 : 1

MEGA42C1506A MEGA 23 Jun 15 30 Jun 15 15 7 : 1

MINT01C1502A MINT 27 Feb 15 7 Mar 15 29 20 : 1

MINT01P1502A MINT 27 Feb 15 7 Mar 15 40 13 : 1

MINT06C1505A MINT 29 May 15 6 Jun 15 19.723 24.65483 : 1

MINT11C1501A MINT 30 Jan 15 6 Feb 15 29 20 : 1

MINT11C1506A MINT 30 Jun 15 8 Jul 15 32 17.1 : 1

MINT13C1505A MINT 15 May 15 22 May 15 39.5 15 : 1

MINT27C1501A MINT 8 Jan 15 15 Jan 15 24 16 : 1

MINT27C1508A MINT 13 Aug 15 20 Aug 15 37 17 : 1

MINT28C1503A MINT 2 Mar 15 10 Mar 15 33 17 : 1

MINT42C1506A MINT 23 Jun 15 30 Jun 15 32 16 : 1

NOK13C1504A NOK 9 Apr 15 21 Apr 15 16.5 4.7 : 1

NOK42C1502A NOK 27 Feb 15 7 Mar 15 15.5 7 : 1

NOK42C1602A NOK 23 Feb 16 1 Mar 16 13 7 : 1

PS01C1501A PS 30 Jan 15 6 Feb 15 30 20 : 1

PS01C1506A PS 29 Jun 15 7 Jul 15 27.5 20 : 1

PS01P1501A PS 30 Jan 15 6 Feb 15 44 13 : 1

PS01P1506A PS 29 Jun 15 7 Jul 15 36 14 : 1

PS06C1507A PS 31 Jul 15 7 Aug 15 21 25 : 1

PS11C1506A PS 30 Jun 15 8 Jul 15 31 16 : 1

PS16C1505A PS 11 May 15 16 May 15 19.3 7.5 : 1

PS23C1505A PS 21 May 15 28 May 15 29.5 36 : 1

PS27C1502A PS 23 Feb 15 28 Feb 15 27 17 : 1

PS28C1501A PS 30 Dec 14 9 Jan 15 27 18 : 1

PS28C1502A PS 2 Feb 15 7 Feb 15 32 18 : 1

PS28C1506A PS 2 Jun 15 9 Jun 15 30 16 : 1

PS42C1505A PS 29 May 15 6 Jun 15 33 16 : 1


Derivative Warrants


Exercise Price

Exercise Ratio

PSL42C1502A PSL 27 Feb 15 7 Mar 15 24 20 : 1

PTT01C1501A PTT 30 Jan 15 6 Feb 15 289.017 78.61635 : 1

PTT01C1505A PTT 29 May 15 6 Jun 15 306 80 : 1

PTT01P1501A PTT 30 Jan 15 6 Feb 15 379.458 63.89776 : 1

PTT01P1505A PTT 29 May 15 6 Jun 15 400 60 : 1

PTT06C1601A PTT 29 Jan 16 5 Feb 16 201.008 95.69378 : 1

PTT06P1502A PTT 27 Feb 15 7 Mar 15 306.298 47.86979 : 1

PTT06P1601A PTT 29 Jan 16 5 Feb 16 368 50 : 1

PTT08C1503A PTT 27 Mar 15 3 Apr 15 304.746 68.81356 : 1

PTT08P1503A PTT 27 Mar 15 3 Apr 15 294.915 37.35593 : 1

PTT11C1502A PTT 27 Feb 15 7 Mar 15 314.576 62.91525 : 1

PTT11P1502A PTT 27 Feb 15 7 Mar 15 348.983 48.16949 : 1

PTT13C1501A PTT 23 Jan 15 30 Jan 15 334.237 58.00464 : 1

PTT13C1503A PTT 12 Mar 15 19 Mar 15 420 45 : 1

PTT13C1504A PTT 2 Apr 15 10 Apr 15 339 50 : 1

PTT13P1501A PTT 23 Jan 15 30 Jan 15 314.576 37.35525 : 1

PTT13P1503A PTT 12 Mar 15 19 Mar 15 340 29 : 1

PTT16C1505A PTT 11 May 15 16 May 15 265.424 76.68712 : 1

PTT23C1603A PTT 24 Mar 16 31 Mar 16 260.508 78.61635 : 1

PTT23P1501A PTT 22 Jan 15 29 Jan 15 285.085 32.44646 : 1

PTT27C1506A PTT 18 Jun 15 25 Jun 15 400 105 : 1

PTT28C1501A PTT 5 Jan 15 10 Jan 15 304.746 73.72883 : 1

PTT28C1504A PTT 1 Apr 15 9 Apr 15 370 75 : 1

PTT28CD PTT 17 Apr 15 24 Apr 15 282.919 75.44508 : 1

PTT28P1505A PTT 14 May 15 21 May 15 450 100 : 1

PTT42C1506A PTT 23 Jun 15 30 Jun 15 370 64 : 1

PTTE01C1503A PTTEP 31 Mar 15 8 Apr 15 144 40 : 1

PTTE01P1503A PTTEP 31 Mar 15 8 Apr 15 188 30 : 1

PTTE06C1502A PTTEP 27 Feb 15 7 Mar 15 117.818 49.0918 : 1

PTTE06C1511A PTTEP 30 Nov 15 5 Dec 15 120 50 : 1

PTTE08C1501A PTTEP 8 Jan 15 15 Jan 15 148.255 34.36364 : 1

PTTE08C1506A PTTEP 30 Jun 15 8 Jul 15 110.55 32.4695 : 1

PTTE11C1502A PTTEP 27 Feb 15 7 Mar 15 160 33 : 1

PTTE11C1506A PTTEP 30 Jun 15 8 Jul 15 130 40 : 1

PTTE11P1502A PTTEP 27 Feb 15 7 Mar 15 185 23 : 1

PTTE13C1504A PTTEP 23 Apr 15 30 Apr 15 125 25 : 1

PTTE13C1505A PTTEP 29 May 15 6 Jun 15 157 27.3 : 1

PTTE13P1504A PTTEP 23 Apr 15 30 Apr 15 110 17 : 1

PTTE13P1505A PTTEP 29 May 15 6 Jun 15 133 16.3 : 1

PTTE16C1509A PTTEP 30 Sep 15 7 Oct 15 135 38 : 1

PTTE23C1511A PTTEP 12 Nov 15 19 Nov 15 130 35 : 1

PTTE27C1505A PTTEP 7 May 15 14 May 15 162 31 : 1

PTTE28C1501A PTTEP 5 Jan 15 10 Jan 15 152.182 33.38181 : 1

PTTE28C1505A PTTEP 11 May 15 16 May 15 155 28 : 1

PTTE28C1507A PTTEP 2 Jul 15 9 Jul 15 120 30 : 1

PTTE28P1501A PTTEP 5 Jan 15 10 Jan 15 166.909 28.47272 : 1

PTTE28P1505A PTTEP 6 May 15 13 May 15 120 27 : 1

PTTE42C1506A PTTEP 23 Jun 15 30 Jun 15 140 32 : 1

PTTG01C1504A PTTGC 30 Apr 15 9 May 15 53 20 : 1

PTTG01P1504A PTTGC 30 Apr 15 9 May 15 70 15 : 1

PTTG06C1502A PTTGC 27 Feb 15 7 Mar 15 52.585 23.90057 : 1

PTTG06C1511A PTTGC 30 Nov 15 5 Dec 15 45 25 : 1

PTTG06P1511A PTTGC 30 Nov 15 5 Dec 15 59 13 : 1

PTTG08C1501A PTTGC 8 Jan 15 15 Jan 15 65.614 16.64845 : 1

PTTG08C1506A PTTGC 30 Jun 15 8 Jul 15 51.5 15.66625 : 1


Derivative Warrants


Exercise Price

Exercise Ratio

PTTG11C1506A PTTGC 30 Jun 15 8 Jul 15 55 17 : 1


PTTG13C1505A PTTGC 8 May 15 15 May 15 63 14 : 1

PTTG13P1502A PTTGC 26 Feb 15 6 Mar 15 64.635 9.10747 : 1

PTTG16C1506A PTTGC 17 Jun 15 24 Jun 15 56.801 19.5848 : 1

PTTG18C1503A PTTGC 27 Mar 15 3 Apr 15 62 20 : 1


PTTG23P1501A PTTGC 22 Jan 15 29 Jan 15 62.677 7.83453 : 1


PTTG27C1508A PTTGC 20 Aug 15 27 Aug 15 59.5 15 : 1


PTTG28C1504A PTTGC 1 Apr 15 9 Apr 15 60 15 : 1

PTTG42C1507A PTTGC 28 Jul 15 5 Aug 15 50 16 : 1

PTTG42P1507A PTTGC 28 Jul 15 5 Aug 15 60 12 : 1

QH01C1504A QH 30 Apr 15 9 May 15 3.5 1.65 : 1

QH01P1504A QH 30 Apr 15 9 May 15 4.7 1.1 : 1

QH08C1504A QH 30 Apr 15 9 May 15 3.346 1.46651 : 1

QH11C1501A QH 30 Jan 15 6 Feb 15 3.74 1.2795 : 1

QH11C1506A QH 30 Jun 15 8 Jul 15 3.7 1.5 : 1

QH23C1502A QH 19 Feb 15 26 Feb 15 2.854 1.47634 : 1

QH28C1501A QH 5 Jan 15 10 Jan 15 3.445 1.2795 : 1

QH28C1503A QH 2 Mar 15 10 Mar 15 4.232 1.47635 : 1

QH42C1505A QH 29 May 15 6 Jun 15 4.1 1.5 : 1

RATC27C1505A RATCH 7 May 15 14 May 15 58 16 : 1

RATC42C1507A RATCH 28 Jul 15 5 Aug 15 57.5 16 : 1

ROBI08C1504A ROBINS 30 Apr 15 9 May 15 42.75 16.90321 : 1

ROBI27C1501A ROBINS 15 Jan 15 22 Jan 15 50 16 : 1

ROBI27C1508A ROBINS 20 Aug 15 27 Aug 15 47 15.5 : 1

ROBI42C1507A ROBINS 28 Jul 15 5 Aug 15 42 17.5 : 1

S5001C1502A SET50 27 Feb 15 7 Mar 15 1000 0.01333

S5001C1503A SET50 31 Mar 15 8 Apr 15 975 0.0125

S5001C1505A SET50 29 May 15 6 Jun 15 1000 0.0125

S5001P1502A SET50 27 Feb 15 7 Mar 15 1130 0.01538

S5001P1503A SET50 31 Mar 15 8 Apr 15 1100 0.01538

S5001P1505A SET50 29 May 15 6 Jun 15 1140 0.01538

S5006C1506A SET50 30 Jun 15 8 Jul 15 1100 0.01

S5006P1506A SET50 30 Jun 15 8 Jul 15 1100 0.01

S5013C1412A SET50 29 Dec 14 7 Jan 15 1000 0.0125

S5013C1503A SET50 30 Mar 15 4 Apr 15 1100 0.0125

S5013C1503B SET50 30 Mar 15 4 Apr 15 1025 0.008

S5013P1412A SET50 29 Dec 14 7 Jan 15 1020 0.01818

S5013P1503A SET50 30 Mar 15 4 Apr 15 1000 0.01667

S5028C1412A SET50 29 Dec 14 7 Jan 15 1000 0.01429

S5028C1412B SET50 29 Dec 14 7 Jan 15 1050 0.01429

S5028C1503A SET50 30 Mar 15 4 Apr 15 1025 0.0125

S5028C1503B SET50 30 Mar 15 4 Apr 15 1075 0.0125

S5028C1506A SET50 29 Jun 15 7 Jul 15 975 0.01429

S5028P1412A SET50 29 Dec 14 7 Jan 15 1025 0.01429

S5028P1412B SET50 29 Dec 14 7 Jan 15 1075 0.01429

S5028P1503A SET50 30 Mar 15 4 Apr 15 1000 0.0125

S5028P1503B SET50 30 Mar 15 4 Apr 15 1050 0.0125

S5028P1506A SET50 29 Jun 15 7 Jul 15 900 0.01429

SAMA01C1501A SAMART 30 Jan 15 6 Feb 15 19.346 7.85669 : 1

SAMA01C1505A SAMART 29 May 15 6 Jun 15 28 20 : 1

SAMA01P1501A SAMART 30 Jan 15 6 Feb 15 25.533 5.40132 : 1


Derivative Warrants


Exercise Price

Exercise Ratio

SAMA01P1505A SAMART 29 May 15 6 Jun 15 40 13 : 1

SAMA06C1505A SAMART 29 May 15 6 Jun 15 13.749 9.82029 : 1

SAMA07C1503A SAMART 20 Mar 15 27 Mar 15 17.677 12.27564 : 1

SAMA08C1504A SAMART 30 Apr 15 9 May 15 28 16.78935 : 1

SAMA11C1504A SAMART 30 Apr 15 9 May 15 21.5 7 : 1

SAMA13C1501A SAMART 16 Jan 15 23 Jan 15 22.587 5.64685 : 1

SAMA13C1503A SAMART 3 Mar 15 11 Mar 15 28 14.5 : 1

SAMA13C1505A SAMART 8 May 15 15 May 15 38 13.5 : 1

SAMA23C1502A SAMART 19 Feb 15 26 Feb 15 18.168 6.87427 : 1

SAMA27C1501A SAMART 15 Jan 15 22 Jan 15 18.659 6.87436 : 1

SAMA27C1507A SAMART 9 Jul 15 16 Jul 15 32 16 : 1

SAMA28C1502A SAMART 2 Feb 15 7 Feb 15 21.605 6.38333 : 1

SAMA28C1503A SAMART 2 Mar 15 10 Mar 15 27 16 : 1

SAMA28C1504A SAMART 1 Apr 15 9 Apr 15 34 17.5 : 1

SAMA42C1507A SAMART 28 Jul 15 5 Aug 15 36 18 : 1

SAMA42P1503A SAMART 13 Mar 15 20 Mar 15 35 12 : 1

SC13C1512A SC 17 Dec 15 24 Dec 15 3.9 1.25 : 1

SCB01C1503A SCB 31 Mar 15 8 Apr 15 165 40 : 1

SCB01P1503A SCB 31 Mar 15 8 Apr 15 216 30 : 1

SCB06C1502A SCB 27 Feb 15 7 Mar 15 106.62 48.4731 : 1

SCB06C1609A SCB 30 Sep 16 7 Oct 16 150 50 : 1

SCB06P1503A SCB 31 Mar 15 8 Apr 15 174.469 48.4731 : 1

SCB06P1510A SCB 30 Oct 15 6 Nov 15 190 25 : 1

SCB08C1501A SCB 8 Jan 15 15 Jan 15 158.747 33.73368 : 1

SCB08C1506A SCB 30 Jun 15 8 Jul 15 171.2 32.37817 : 1

SCB11C1501A SCB 30 Jan 15 6 Feb 15 173.629 32.74151 : 1

SCB11C1506A SCB 30 Jun 15 8 Jul 15 170 38 : 1

SCB11P1501A SCB 30 Jan 15 6 Feb 15 198.433 33.73368 : 1

SCB13C1503A SCB 13 Mar 15 20 Mar 15 185 31 : 1

SCB13P1503A SCB 13 Mar 15 20 Mar 15 175 21 : 1

SCB16C1506A SCB 17 Jun 15 24 Jun 15 147.833 39.68254 : 1

SCB18C1502A SCB 26 Feb 15 6 Mar 15 163.708 49.60836 : 1

SCB27C1506A SCB 18 Jun 15 25 Jun 15 195 28 : 1

SCB28C1501A SCB 30 Dec 14 9 Jan 15 158.747 30.75718 : 1

SCB28C1502A SCB 2 Feb 15 7 Feb 15 188.512 33.73368 : 1

SCB28C1506A SCB 2 Jun 15 9 Jun 15 230 54 : 1

SCB28P1503A SCB 2 Mar 15 10 Mar 15 185 25 : 1

SCB42C1506A SCB 23 Jun 15 30 Jun 15 178 32 : 1

SCC01C1504A SCC 30 Apr 15 9 May 15 376 160 : 1

SCC01P1504A SCC 30 Apr 15 9 May 15 510 120 : 1

SCC06C1502A SCC 27 Feb 15 7 Mar 15 291.255 97.08738 : 1

SCC06C1511A SCC 30 Nov 15 5 Dec 15 340 200 : 1

SCC08C1506A SCC 30 Jun 15 8 Jul 15 443.5 123.87176 : 1

SCC11C1503A SCC 27 Mar 15 3 Apr 15 440 130 : 1

SCC13C1502A SCC 6 Feb 15 13 Feb 15 464.071 118.48341 : 1

SCC28C1501A SCC 5 Jan 15 10 Jan 15 434.449 133.29698 : 1

SCC28C1505A SCC 11 May 15 16 May 15 450 120 : 1

SCC42C1501A SCC 26 Jan 15 31 Jan 15 444.323 147.92899 : 1

SET06C1506A SET 30 Jun 15 8 Jul 15 1300 0.00667

SET06C1506B SET 30 Jun 15 8 Jul 15 1400 0.00667

SET06C1506C SET 30 Jun 15 8 Jul 15 1500 0.00667

SET06P1506A SET 30 Jun 15 8 Jul 15 1300 0.00667

SET06P1506B SET 30 Jun 15 8 Jul 15 1400 0.00667

SET06P1506C SET 30 Jun 15 8 Jul 15 1500 0.00667

SIRI01C1506A SIRI 29 Jun 15 7 Jul 15 1.75 1.7 : 1


Derivative Warrants


Exercise Price

Exercise Ratio

SIRI01P1506A SIRI 29 Jun 15 7 Jul 15 2.3 1 : 1

SIRI06C1506A SIRI 30 Jun 15 8 Jul 15 1.208 0.89509 : 1

SIRI13C1505A SIRI 29 May 15 6 Jun 15 2.2 1.11111 : 1

SIRI27C1506A SIRI 18 Jun 15 25 Jun 15 2.02 1.2 : 1

SIRI28C1502A SIRI 2 Feb 15 7 Feb 15 2.059 1.34263 : 1

SIRI28C1504A SIRI 1 Apr 15 9 Apr 15 1.8 0.62 : 1

SIRI42C1505A SIRI 29 May 15 6 Jun 15 2 1.2 : 1

SPAL01C1502A SPALI 27 Feb 15 7 Mar 15 22.5 20 : 1

SPAL01P1502A SPALI 27 Feb 15 7 Mar 15 32 15 : 1

SPAL06C1505A SPALI 29 May 15 6 Jun 15 13.813 9.8668 : 1

SPAL08C1504A SPALI 30 Apr 15 9 May 15 21 19.17161 : 1

SPAL11C1501A SPALI 30 Jan 15 6 Feb 15 21.213 6.41333 : 1

SPAL11C1504A SPALI 30 Apr 15 9 May 15 23.6 16.5 : 1

SPAL42C1504A SPALI 27 Apr 15 5 May 15 25 18 : 1

SPCG01C1506A SPCG 29 Jun 15 7 Jul 15 23.5 20 : 1

SPCG01P1506A SPCG 29 Jun 15 7 Jul 15 32.5 14 : 1

SPCG08C1504A SPCG 30 Apr 15 9 May 15 24.137 15.76296 : 1

SPCG11C1504A SPCG 30 Apr 15 9 May 15 25 18 : 1

SPCG13C1505A SPCG 22 May 15 29 May 15 27.5 15.5 : 1

SPCG18C1501A SPCG 6 Jan 15 13 Jan 15 21.674 9.85185 : 1

SPCG27C1501A SPCG 15 Jan 15 22 Jan 15 22.659 13.79259 : 1

SPCG27C1508A SPCG 20 Aug 15 27 Aug 15 28 14.5 : 1

SPCG28C1506A SPCG 2 Jun 15 9 Jun 15 28.5 16.8 : 1

SPCG42C1505A SPCG 29 May 15 6 Jun 15 24 16 : 1

SRIC13C1512A SRICHA 23 Dec 15 30 Dec 15 38 13.2 : 1

SRIC23C1505A SRICHA 21 May 15 28 May 15 33.75 18 : 1

SRIC42C1504A SRICHA 27 Apr 15 5 May 15 34 16 : 1

SRIC42C1602A SRICHA 23 Feb 16 1 Mar 16 25 20 : 1

STA06C1503A STA 31 Mar 15 8 Apr 15 10.5 9.54563 : 1

STA13C1502A STA 19 Feb 15 26 Feb 15 17 5 : 1

STA27C1501A STA 15 Jan 15 22 Jan 15 13 6.5 : 1

STA27C1508A STA 20 Aug 15 27 Aug 15 13.2 6.5 : 1

STA42C1501A STA 26 Jan 15 31 Jan 15 14.5 6 : 1

STEC01C1505A STEC 29 May 15 6 Jun 15 22 20 : 1

STEC01P1505A STEC 29 May 15 6 Jun 15 31 14 : 1

STEC06C1505A STEC 29 May 15 6 Jun 15 12 10 : 1

STEC08C1503A STEC 27 Mar 15 3 Apr 15 22.2 8.7 : 1

STEC11C1503A STEC 27 Mar 15 3 Apr 15 23.5 6.5 : 1

STEC11C1503B STEC 27 Mar 15 3 Apr 15 25 17 : 1

STEC13C1502A STEC 11 Feb 15 18 Feb 15 27.25 15.4 : 1

STEC18C1501A STEC 5 Jan 15 10 Jan 15 19 10 : 1

STEC23C1502A STEC 19 Feb 15 26 Feb 15 18.5 7.5 : 1


STEC28C1503A STEC 2 Mar 15 10 Mar 15 27 16 : 1


STPI01C1501A STPI 30 Jan 15 6 Feb 15 18.4 8 : 1

STPI01C1505A STPI 29 May 15 6 Jun 15 19 8 : 1

STPI01P1505A STPI 29 May 15 6 Jun 15 24 5.5 : 1

STPI06C1510A STPI 30 Oct 15 6 Nov 15 18 10 : 1

STPI08C1504A STPI 30 Apr 15 9 May 15 20 7.7 : 1

STPI08P1504A STPI 30 Apr 15 9 May 15 22.5 5.37741 : 1

STPI11C1506A STPI 30 Jun 15 8 Jul 15 19 7.1 : 1

STPI18C1501A STPI 6 Jan 15 13 Jan 15 19 8 : 1

STPI23C1502A STPI 19 Feb 15 26 Feb 15 19.5 7.5 : 1

STPI27C1503A STPI 5 Mar 15 12 Mar 15 19 8 : 1


Derivative Warrants


Exercise Price

Exercise Ratio

STPI28C1503A STPI 2 Mar 15 10 Mar 15 22 6 : 1

STPI42C1506A STPI 23 Jun 15 30 Jun 15 20 7 : 1

TCAP01C1504A TCAP 30 Apr 15 9 May 15 30 20 : 1

TCAP01P1504A TCAP 30 Apr 15 9 May 15 41 15 : 1

TCAP06CB TCAP 30 Apr 15 9 May 15 27.251 23.49072 : 1

TCAP23C1501A TCAP 22 Jan 15 29 Jan 15 29.893 14.34926 : 1

TCAP28C1503A TCAP 2 Mar 15 10 Mar 15 34.436 16.72618 : 1

TCAP42C1501A TCAP 26 Jan 15 31 Jan 15 34.436 15.74307 : 1

THAI01C1502A THAI 27 Feb 15 7 Mar 15 13.6 8 : 1

THAI01P1502A THAI 27 Feb 15 7 Mar 15 18 5.5 : 1

THAI06C1505A THAI 29 May 15 6 Jun 15 10 10 : 1

THAI11C1506A THAI 30 Jun 15 8 Jul 15 14 6.9 : 1

THAI13C1502A THAI 13 Feb 15 20 Feb 15 17 6 : 1

THAI27C1502A THAI 23 Feb 15 28 Feb 15 15 6.5 : 1

THAI28C1502A THAI 2 Feb 15 7 Feb 15 16 7.2 : 1

THAI28C1507A THAI 2 Jul 15 9 Jul 15 15 6 : 1

THAI42C1505A THAI 29 May 15 6 Jun 15 13 7 : 1

THCO01C1504A THCOM 30 Apr 15 9 May 15 33 20 : 1

THCO01P1504A THCOM 30 Apr 15 9 May 15 45 14 : 1

THCO06C1506A THCOM 30 Jun 15 8 Jul 15 30 25 : 1

THCO11C1506A THCOM 30 Jun 15 8 Jul 15 35 17 : 1

THCO13C1502A THCOM 19 Feb 15 26 Feb 15 40 13.3 : 1

THCO16C1509A THCOM 30 Sep 15 7 Oct 15 35 18 : 1

THCO27C1506A THCOM 18 Jun 15 25 Jun 15 38 15.5 : 1

THCO28C1506A THCOM 2 Jun 15 9 Jun 15 41 17 : 1

THCO42C1507A THCOM 28 Jul 15 5 Aug 15 30 20 : 1

THRE08C1503A THRE 27 Mar 15 3 Apr 15 3.154 1.37998 : 1

THRE27C1502A THRE 23 Feb 15 28 Feb 15 3.351 1.33069 : 1

TICO01C1501A TICON 30 Jan 15 6 Feb 15 15.9 8 : 1

TICO01C1505A TICON 29 May 15 6 Jun 15 17.7 8 : 1

TICO06C1511A TICON 30 Nov 15 5 Dec 15 14 10 : 1

TICO11C1503A TICON 27 Mar 15 3 Apr 15 16.7 7.1 : 1

TICO13C1503A TICON 2 Mar 15 10 Mar 15 20 5.2 : 1

TICO23C1505A TICON 21 May 15 28 May 15 16 7 : 1

TICO42C1506A TICON 23 Jun 15 30 Jun 15 19 7 : 1

TISC23C1505A TISCO 21 May 15 28 May 15 36.8 18 : 1

TISC28C1505A TISCO 4 May 15 12 May 15 45 16 : 1

TISC42C1506A TISCO 23 Jun 15 30 Jun 15 43 16 : 1

TMB01C1504A TMB 30 Apr 15 9 May 15 2.5 1.7 : 1

TMB01P1504A TMB 30 Apr 15 9 May 15 3.5 1.2 : 1

TMB06C1502A TMB 27 Feb 15 7 Mar 15 1.671 1.9661 : 1

TMB06C1511A TMB 30 Nov 15 5 Dec 15 2.2 2 : 1

TMB08C1501A TMB 8 Jan 15 15 Jan 15 2.1 1.2 : 1

TMB08C1506A TMB 30 Jun 15 8 Jul 15 2.8 1.31658 : 1

TMB11C1502A TMB 27 Feb 15 7 Mar 15 2.7 1.4 : 1

TMB11P1502A TMB 27 Feb 15 7 Mar 15 3.1 0.8 : 1

TMB13C1502A TMB 19 Feb 15 26 Feb 15 3 1.15 : 1

TMB16C1507A TMB 9 Jul 15 16 Jul 15 2.5 1.5 : 1

TMB27C1505A TMB 14 May 15 21 May 15 3 1.3 : 1

TMB28C1502A TMB 2 Feb 15 7 Feb 15 2.4 1.4 : 1

TMB28C1502B TMB 2 Feb 15 7 Feb 15 3 1.3 : 1

TMB42C1507A TMB 28 Jul 15 5 Aug 15 3.02 1.33 : 1

TMB42P1503A TMB 13 Mar 15 20 Mar 15 3.5 1.1 : 1

TOP01C1502A TOP 27 Feb 15 7 Mar 15 47 20 : 1

TOP01C1506A TOP 29 Jun 15 7 Jul 15 38 20 : 1


Derivative Warrants


Exercise Price

Exercise Ratio

TOP01P1502A TOP 27 Feb 15 7 Mar 15 60 15 : 1

TOP01P1506A TOP 29 Jun 15 7 Jul 15 50 15 : 1

TOP06C1502A TOP 27 Feb 15 7 Mar 15 38.466 24.04424 : 1

TOP08C1501A TOP 8 Jan 15 15 Jan 15 49.469 17.31422 : 1

TOP08C1506A TOP 30 Jun 15 8 Jul 15 41.6 16.02346 : 1

TOP11C1504A TOP 30 Apr 15 9 May 15 48.479 16.81952 : 1

TOP11P1504A TOP 30 Apr 15 9 May 15 54.712 10.38853 : 1

TOP13C1502A TOP 26 Feb 15 6 Mar 15 52.932 14.839 : 1

TOP13C1505A TOP 8 May 15 15 May 15 48 13.5 : 1

TOP23C1501A TOP 22 Jan 15 29 Jan 15 50.246 15.38698 : 1

TOP42C1506A TOP 23 Jun 15 30 Jun 15 40 16 : 1

TPIP01C1502A TPIPL 27 Feb 15 7 Mar 15 1.4 0.8 : 1

TPIP01C1505A TPIPL 29 May 15 6 Jun 15 1.65 1.7 : 1

TPIP01P1502A TPIPL 27 Feb 15 7 Mar 15 1.8 0.5 : 1

TPIP06C1510A TPIPL 30 Oct 15 6 Nov 15 1.5 1 : 1

TPIP07C1506A TPIPL 19 Jun 15 26 Jun 15 1.9 0.6 : 1


TPIP11C1505A TPIPL 29 May 15 6 Jun 15 1.78 0.65 : 1

TPIP13C1502A TPIPL 18 Feb 15 25 Feb 15 2 0.54999 : 1

TPIP13C1504A TPIPL 2 Apr 15 10 Apr 15 2.16 1.1 : 1

TPIP13C1505A TPIPL 8 May 15 15 May 15 1.95 0.54 : 1

TPIP18C1503A TPIPL 27 Mar 15 3 Apr 15 1.45 0.65 : 1

TPIP23C1503A TPIPL 19 Mar 15 26 Mar 15 1.08 0.65 : 1



TPIP28C1501A TPIPL 5 Jan 15 10 Jan 15 1.2 0.65 : 1

TPIP28C1502A TPIPL 2 Feb 15 7 Feb 15 1.45 0.7 : 1

TPIP28C1503A TPIPL 2 Mar 15 10 Mar 15 1.95 0.65 : 1


TPIP42C1502A TPIPL 27 Feb 15 7 Mar 15 1.45 0.69999 : 1

TPIP42P1503A TPIPL 13 Mar 15 20 Mar 15 2 0.45 : 1

TRUE01C1503A TRUE 31 Mar 15 8 Apr 15 10.2 8 : 1

TRUE01C1505A TRUE 29 May 15 6 Jun 15 9.4 8 : 1

TRUE01P1503A TRUE 31 Mar 15 8 Apr 15 12.7 5.2 : 1

TRUE01P1505A TRUE 29 May 15 6 Jun 15 12.7 5 : 1

TRUE06C1503A TRUE 31 Mar 15 8 Apr 15 4.863 3.97899 : 1

TRUE06C1510A TRUE 30 Oct 15 6 Nov 15 9.5 10 : 1


TRUE07C1503A TRUE 20 Mar 15 27 Mar 15 12.5 5 : 1

TRUE08C1501A TRUE 30 Jan 15 6 Feb 15 13 5.5 : 1



TRUE11C1501A TRUE 30 Jan 15 6 Feb 15 8.488 6.10109 : 1

TRUE11C1506A TRUE 30 Jun 15 8 Jul 15 10.5 6.9 : 1

TRUE11P1501A TRUE 30 Jan 15 6 Feb 15 10.7 2.4 : 1

TRUE13C1501A TRUE 9 Jan 15 16 Jan 15 10.787 5.39374 : 1

TRUE13C1501B TRUE 16 Jan 15 23 Jan 15 16 4.4 : 1

TRUE13C1502A TRUE 4 Feb 15 11 Feb 15 12.5 5.64 : 1

TRUE13C1504A TRUE 24 Apr 15 1 May 15 13.8 6 : 1

TRUE13C1505A TRUE 8 May 15 15 May 15 11.3 6.2 : 1

TRUE13P1502A TRUE 13 Feb 15 20 Feb 15 11 3 : 1

TRUE16C1507A TRUE 9 Jul 15 16 Jul 15 8.5 4 : 1


TRUE23C1502A TRUE 19 Feb 15 26 Feb 15 8.7 7 : 1

TRUE27C1503A TRUE 5 Mar 15 12 Mar 15 6.19 3.36002 : 1


Derivative Warrants


Exercise Price

Exercise Ratio

TRUE27C1507A TRUE 9 Jul 15 16 Jul 15 11.2 6.4 : 1

TRUE27P1505A TRUE 14 May 15 21 May 15 10.8 3.4 : 1

TRUE28C1501A TRUE 5 Jan 15 10 Jan 15 6.19 3.09482 : 1

TRUE28C1501B TRUE 5 Jan 15 10 Jan 15 10.169 5.74752 : 1

TRUE28C1502A TRUE 2 Feb 15 7 Feb 15 7.516 3.09482 : 1

TRUE28C1502B TRUE 2 Feb 15 7 Feb 15 12.379 5.48225 : 1

TRUE28C1502C TRUE 2 Feb 15 7 Feb 15 16.5 5 : 1

TRUE28C1505A TRUE 11 May 15 16 May 15 11.5 6.7 : 1

TRUE28C1505B TRUE 6 May 15 13 May 15 14 6.3 : 1

TRUE28CF TRUE 23 Apr 15 30 Apr 15 10.611 7.07387 : 1

TRUE28P1501A TRUE 5 Jan 15 10 Jan 15 11.053 3.53694 : 1

TRUE28P1501B TRUE 30 Dec 14 9 Jan 15 7.958 2.21059 : 1

TRUE28P1505A TRUE 4 May 15 12 May 15 12.5 5.2 : 1

TRUE42C1502A TRUE 27 Feb 15 7 Mar 15 10 7 : 1

TRUE42P1502A TRUE 27 Feb 15 7 Mar 15 12.3 6 : 1

TTA01C1501A TTA 30 Jan 15 6 Feb 15 17.8 8 : 1

TTA01C1505A TTA 29 May 15 6 Jun 15 18 8 : 1

TTA01P1501A TTA 30 Jan 15 6 Feb 15 23.5 5.5 : 1

TTA01P1505A TTA 29 May 15 6 Jun 15 24 5.5 : 1

TTA06C1502A TTA 27 Feb 15 7 Mar 15 13 10 : 1

TTA08C1503A TTA 27 Mar 15 3 Apr 15 20 6.6 : 1

TTA08P1503A TTA 27 Mar 15 3 Apr 15 21 4.25 : 1

TTA11C1506A TTA 30 Jun 15 8 Jul 15 19 7.9 : 1

TTA13C1502A TTA 6 Feb 15 13 Feb 15 26 5.5 : 1

TTA13C1503A TTA 20 Mar 15 27 Mar 15 28 13 : 1

TTA13C1504A TTA 2 Apr 15 10 Apr 15 22 6 : 1

TTA13C1505A TTA 27 May 15 4 Jun 15 18.5 5.7 : 1

TTA13P1503A TTA 3 Mar 15 11 Mar 15 20 3.5 : 1

TTA23C1602A TTA 11 Feb 16 18 Feb 16 16 8 : 1

TTA27C1501A TTA 15 Jan 15 22 Jan 15 19 7 : 1

TTA27C1508A TTA 20 Aug 15 27 Aug 15 20 6.5 : 1

TTA28C1502A TTA 2 Feb 15 7 Feb 15 20 7.5 : 1

TTA28C1503A TTA 2 Mar 15 10 Mar 15 27 17 : 1

TTA28C1506A TTA 8 Jun 15 13 Jun 15 22 6.2 : 1

TTA28C1507A TTA 2 Jul 15 9 Jul 15 20 6.5 : 1

TTA42C1507A TTA 28 Jul 15 5 Aug 15 16 7 : 1

TTA42P1507A TTA 28 Jul 15 5 Aug 15 20 5 : 1

TTCL01C1502A TTCL 27 Feb 15 7 Mar 15 27 20 : 1

TTCL08C1504A TTCL 30 Apr 15 9 May 15 37.644 17.33594 : 1

TTCL13C1502A TTCL 6 Feb 15 13 Feb 15 39 13 : 1

TTCL13C1505A TTCL 7 May 15 14 May 15 28.25 15 : 1

TTCL27C1505A TTCL 14 May 15 21 May 15 32.75 16.5 : 1

TTCL42C1504A TTCL 27 Apr 15 5 May 15 27 16 : 1

TTW42C1507A TTW 28 Jul 15 5 Aug 15 10 8 : 1

TUF01C1502A TUF 27 Feb 15 7 Mar 15 15.5 5 : 1

TUF01P1502A TUF 27 Feb 15 7 Mar 15 19.5 3.49993 : 1

TUF06C1502A TUF 27 Feb 15 7 Mar 15 12.114 6.05767 : 1

TUF06C1511A TUF 30 Nov 15 5 Dec 15 14.25 6.25 : 1

TUF11C1506A TUF 30 Jun 15 8 Jul 15 16 5.25 : 1

TUF42C1507A TUF 28 Jul 15 5 Aug 15 21.5 4 : 1

UV01C1505A UV 29 May 15 6 Jun 15 8.7 8 : 1

UV01P1505A UV 29 May 15 6 Jun 15 12 5.2 : 1

UV08C1504A UV 30 Apr 15 9 May 15 8 3.6 : 1

UV23C1503A UV 19 Mar 15 26 Mar 15 9.4 14 : 1

UV27C1502A UV 23 Feb 15 28 Feb 15 8.4 3.5 : 1


Derivative Warrants


Exercise Price

Exercise Ratio

UV28C1503A UV 2 Mar 15 10 Mar 15 10.5 6.3 : 1

UV28C1507A UV 2 Jul 15 9 Jul 15 8.75 6 : 1

UV28P1504A UV 1 Apr 15 9 Apr 15 11 3.9 : 1

UV42C1504A UV 27 Apr 15 5 May 15 9.8 6.5 : 1

VGI01C1504A VGI 30 Apr 15 9 May 15 11 8 : 1

VGI01P1504A VGI 30 Apr 15 9 May 15 15.3 5.5 : 1

VGI06C1504A VGI 30 Apr 15 9 May 15 6.437 4.95148 : 1

VGI08C1503A VGI 27 Mar 15 3 Apr 15 9 8.64696 : 1

VGI11C1505A VGI 29 May 15 6 Jun 15 12 6.7 : 1

VGI13C1502A VGI 26 Feb 15 6 Mar 15 13.5 5.8 : 1

VGI13C1503A VGI 10 Mar 15 17 Mar 15 9.111 7.42721 : 1

VGI16C1505A VGI 11 May 15 16 May 15 9.705 7.92267 : 1

VGI27C1506A VGI 18 Jun 15 25 Jun 15 12 6.4 : 1

VGI28C1501A VGI 5 Jan 15 10 Jan 15 10.893 7.42724 : 1

VGI28C1503A VGI 2 Mar 15 10 Mar 15 15 6 : 1

VGI42C1501A VGI 30 Jan 15 6 Feb 15 11.5 7 : 1

WHA01C1505A WHA 29 May 15 6 Jun 15 34 20 : 1

WHA08C1504A WHA 30 Apr 15 9 May 15 30 18 : 1

WHA13C1502A WHA 13 Feb 15 20 Feb 15 31 16 : 1

WHA13C1512A WHA 23 Dec 15 30 Dec 15 42 16 : 1

WHA27C1503A WHA 5 Mar 15 12 Mar 15 26.101 16.77953 : 1

WHA28C1501A WHA 5 Jan 15 10 Jan 15 30 18 : 1

WHA28C1502A WHA 2 Feb 15 7 Feb 15 38 17.5 : 1

WHA28C1506A WHA 2 Jun 15 9 Jun 15 36 17 : 1

WHA42C1506A WHA 23 Jun 15 30 Jun 15 37 16 : 1



Technical Analysis

Security: BWG Position: ซอ เปาหมาย : 6.6 Stop loss: < 5.7 Reason: ราคาหนปรบตวขนไดตามคาด ประเมนส ญ ญ า ณ ด ด ต ว ท ะ ลเสนแนวโนม 5.5 บ. เปนการกลบตวเปลยนเปนขาขนรอบใหม สอดคลองบวอล มท เพ ม ขนอย างมนยส าคญ

Security: AAV Position: ซอ เปาหมาย : 4.8-4.9 Stop loss: < 4.44 Reason: ราคาหนดดตวขนทเสนแนวรบ และเปนต าแหนง Oversold ลนขนตอไปทดสอบตแรกบรเวณ 4.8-4.9 บ.


Security: BMCL Position: ซอ เปาหมาย : 2.4 Stop loss: < 2.1 Reason: ราคาหนปรบตวขนไดตามคาดและโดดเดน เม อ เท ยบกบกล ม ปจจบนราคาทะลเสนแนวตานส าคญท 2 บ. ท าใหราคาโอกาสปรบตว ขนแรง

Security: TUF Position: ขาย Reason: สญญาณทางเทคนคบงชถงความเสยงกรณราคาปรบตวหลดแนวรบส าคญ 21 บ . อาจสงผลใหราคาหนปรบตวลงแรง


Security: QH Position: ขาย Reason: ราคาหนปรบตวลงอยางตอเนองและสงสญญาณออนกวาตลาดอยางเหนไดชด กรณหลดแน ว ร บ 3 . 3 ห น อ า จปรบตวลงแรง

Security: DELTA Position: ขาย Reason: ปจจบนหลดเสน Neck line 70 บ.สงผลใหราคาหนปรบตวลงเรว สอดคลองกบ RSI ปรบตวลงไปในทศทางเดยวกน

ธนรตน อศรกล Tel. (662) 618-1334

นกวเคราะหการลงทนปจจยพนฐานดานหลกทรพย


Bualuang Securities Public Company Limited

BUALUANG SECURITIES PUBLIC COMPANY LIMITED (BLS) is a subsidiary of BANGKOK BANK PUBLIC COMPANY LIMITED (BBL). This document

is produced based upon sources believed to be reliable but their accuracy, completeness or correctness is not guaranteed. The statements or

expressions of opinion herein were arrived at after due and careful consideration to use as information for investment. Expressions of opinion contained

herein are subject to change without notice. This document is not, and should not be construed as, an offer or the solicitation of an offer to buy or sell

any securities. The use of any information shall be at the sole discretion and risk of the user.

BUALUANG SECURITIES PUBLIC COMPANY LIMITED MAY BE IN RELATIONSHIP WITH THE SECURITIES IN THIS REPORT. “Opinions,

projections and other information contained in this report are based upon sources believed to be accurate including the draft prospectus, but no

responsibility is accepted for any loss occasioned by reliance placed upon the contents hereof. Bualuang Securities Public Company Limited may from

time to time perform investment, advisory or other services for companies mentioned in this report, as well as dealing (as principal or otherwise) in, or

otherwise being interested in, any securities mentioned herein, This report does not constitute a solicitation to buy or sell any securities”. Investors

should carefully read details in the prospectus before making investment decision.

BUALUANG SECURITIES PUBLIC COMPANY LIMITED MAY ACT AS MARKET MAKER AND ISSUER OF DWs, AND ISSUER OF STRUCTURED

NOTES ON THESE SECURITIES. The company may prepare the research reports on those underlying securities. Investors should carefully read the

details of the derivative warrants and structured notes in the prospectus before making investment decisions.

BUALUANG SECURITIES PUBLIC COMPANY LIMITED IS OR MAY BE A UNDERWRITER/CO-UNDERWRITER/JOINT LEAD IN RESPECT OF THE

INITIAL PUBLIC OFFERING (“IPO”) OF SECURITIES.

Financial Advisor Lead underwriter/

Underwriter/ Co-underwriter

EPG

Score Range Score Range Description

90 – 100 Excellent

80 – 89 Very Good

70 – 79 Good

60 – 69 Satisfactory

50 – 59 Pass

Below 50 No logo given N/A

CORPORATE GOVERMANCE REPORT DISCLAIMER

This research report was prepared by Bualuang Securities Public Company Limited and refers to research prepared by Morgan Stanley. Morgan Stanley

does not warrant or guarantee the accuracy or completeness of its research reports. Morgan Stanley reserves copyright and other proprietary rights in

the material reproduced in this report. Morgan Stanley is under no obligation to inform Bualuang Securities or you if the views or information referred to

or reproduced in this research report change.

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 base 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. Bualuang Securities Public Company Limited does not conform nor certify the accuracy of such survey result.

BUALUANG RESEARCH – RECOMMENDATION FRAMEWORK

STOCK RECOMMENDATIONS BUY: Expected positive total returns of 15% or more over the next 12

months.

HOLD: Expected total returns of between -15% and +15% over the next 12

months.

SELL: Expected negative total returns of 15% or more over the next 12

months.

TRADING BUY: Expected positive total returns of 15% or more over the next

3 months.

SECTOR RECOMMENDATIONS OVERWEIGHT: The industry, as defined by the analyst's coverage universe, is

expected to outperform the relevant primary market index over the next 12 months.

NEUTRAL: The industry, as defined by the analyst's coverage universe, is

expected to perform in line with the relevant primary market index over the next 12

months.

UNDERWEIGHT: The industry, as defined by the analyst's coverage universe, is

expected to underperform the relevant primary market index over the next 12

months.

DISCLAIMER

See disclaimer at the end of report

Market Statistics Daily

7 January 2015

Figure 1: Changes in management's securities holding

Name of Name of Management Types of Total Volume Price Total Value Transaction ActionCompany Securities (Shrs) (Bt) (Bt) Date

IFEC SITTHICHAI PORNSUPANAN Common share 1,000,000 12.70 12,700,000 05-01-2015 BuyEPG VACHARA TUNTARIYANOND Common share 1,000,000 6.78 6,780,000 30-12-2014 BuyMINT WILLIAM ELLWOOD HEINECKE Common share 200,000 31.88 6,376,000 29-12-2014 BuyAP OPAS RUANGRAJITPAKORN Common share 500,000 6.00 3,000,000 30-12-2014 BuyMC SUNEE SERIPANU Common share 200,000 12.60 2,520,000 05-01-2015 BuyMINT WILLIAM ELLWOOD HEINECKE w arrant 5 400,000 5.00 2,000,000 29-12-2014 BuyTFD APICHAI TAECHAUBOL Common share 330,000 3.82 1,260,600 26-12-2014 BuyMINT WILLIAM ELLWOOD HEINECKE w arrant 5 200,000 4.90 980,000 30-12-2014 BuyVIBHA CHAISITH VIRIYAMETTAKUL Common share 59,700 14.40 859,680 30-12-2014 BuyFPI SARAYUHT OUYBUAN Common share 150,000 4.34 651,000 05-01-2015 BuyBAFS NAVEE LERTPANICHKUL Common share 20,000 30.75 615,000 30-12-2014 BuyAP OPAS RUANGRAJITPAKORN Common share 100,000 5.95 595,000 30-12-2014 BuyECL PRAPAKORN VEERAPONG Common share 200,000 2.78 556,000 05-01-2015 BuyVIBHA CHAISITH VIRIYAMETTAKUL Common share 31,300 14.06 440,078 05-01-2015 BuySYNTEC YOTIN TRERATANAPAN Common share 100,000 2.70 270,000 26-12-2014 BuySTA PAUL SUMADE LEE Common share 18,000 12.49 224,820 05-01-2015 BuyBKD THANANAN SATO Common share 50,000 3.98 199,000 25-12-2014 BuyMBAX PISUTH LERTVILAI Common share 41,000 3.96 162,360 25-12-2014 BuyBKD THANANAN SATO Common share 30,000 3.96 118,800 26-12-2014 BuyKSL DUANGKAE CHINTHAMMIT Common share 10,000 11.70 117,000 05-01-2015 BuySAMTEL APICHAT SIRISALIPOCHNA Common share 5,000 22.60 113,000 05-01-2015 BuyTRUBB VORATHEP WONGSASUTHIKUL Common share 59,000 1.67 98,530 05-01-2015 BuyMBAX PISUTH LERTVILAI Common share 13,000 4.00 52,000 30-12-2014 BuyMBAX PISUTH LERTVILAI Common share 9,000 3.92 35,280 26-12-2014 BuyTRUBB VORATHEP WONGSASUTHIKUL Common share 16,000 1.68 26,880 05-01-2015 BuyTRUBB VORATHEP WONGSASUTHIKUL Common share 15,000 1.69 25,350 05-01-2015 BuyMBAX PISUTH LERTVILAI Common share 5,100 3.98 20,298 30-12-2014 BuyMBAX PISUTH LERTVILAI Common share 4,900 4.00 19,600 25-12-2014 BuyITD PREMCHAI KARNASUTA Common share 7,260,000 6.35 46,101,000 30-12-2014 SellECL PRAPAKORN VEERAPONG Common share 200,000 2.88 576,000 05-01-2015 SellSources: SEC, Bualuang research

As of 6 Jan 2015

Market Statistics Daily - 2

Figure 2: Short Sale Trading

As of 6 Jan 2015

Stock Volume (Shares) Turnover (Baht) %Short Sale Volume Comparing w ith Main Board

PTT 1,062,400 330,415,500.00 13.35%KBANK 1,272,600 271,114,700.00 9.02%PTTEP 1,180,900 123,813,600.00 14.00%SCB 182,800 31,914,200.00 1.75%KTB 1,462,200 31,590,260.00 1.50%TRUE 2,235,900 25,552,850.00 1.36%TMB 7,247,400 20,031,000.00 2.32%SCC 42,600 18,845,800.00 2.01%INTUCH 228,800 17,842,300.00 2.76%AOT 56,600 15,302,000.00 2.33%TICON 766,200 13,496,730.00 21.76%LPN 580,700 12,816,640.00 10.26%TISCO 272,600 11,761,125.00 29.16%CENTEL 350,800 10,747,200.00 32.59%BBL 56,000 10,535,950.00 1.09%BEC 205,800 10,352,825.00 18.36%BTS 840,200 8,317,980.00 1.18%ADVANC 25,800 6,372,600.00 0.59%IVL 320,400 6,115,310.00 2.25%SAMART 157,000 5,926,750.00 3.97%TUF 246,100 5,193,340.00 1.37%JAS 706,300 5,130,865.00 1.35%SPALI 208,800 4,927,680.00 2.77%CPALL 115,700 4,852,900.00 0.92%BGH 256,400 4,563,920.00 1.06%PTTGC 85,800 4,445,375.00 0.87%BCP 137,500 4,227,425.00 8.56%GLOW 43,100 3,883,425.00 6.61%TOP 90,800 3,856,400.00 0.90%AP 630,000 3,717,000.00 4.24%BIGC 15,500 3,707,000.00 4.11%KCE 100,000 3,212,500.00 2.90%MINT 100,500 3,110,375.00 0.69%PS 95,200 2,594,200.00 1.83%HMPRO 299,100 2,407,755.00 3.51%DTAC 24,700 2,334,100.00 0.59%STPI 120,000 2,247,000.00 3.64%SF 310,000 1,876,750.00 32.91%AIT 50,000 1,863,425.00 5.49%VGI 150,200 1,744,080.00 1.74%MAKRO 46,800 1,688,825.00 25.45%BLAND 1,000,000 1,570,000.00 1.07%LH 176,300 1,560,755.00 1.03%IRPC 420,100 1,276,860.00 2.38%TCAP 39,300 1,249,750.00 1.95%BJC 27,900 1,109,175.00 9.34%DELTA 15,800 1,066,800.00 0.94%


Figure 2: Short Sale Trading (Cont’d)

Stock Volume (Shares) Turnover (Baht) %Short Sale Volume Comparing w ith Main Board

CPN 23,000 1,017,750.00 0.69%THAI 46,800 686,060.00 0.77%BANPU 24,800 607,760.00 0.62%CK 22,000 547,470.00 0.17%EGCO 3,400 547,250.00 0.70%BH 3,700 514,300.00 0.93%ERW 75,600 349,272.00 1.62%QH 100,000 344,000.00 0.15%CPF 10,000 270,000.00 0.07%M 4,600 263,350.00 0.94%ROBINS 5,700 253,650.00 0.77%AMATA 14,100 225,600.00 0.45%TTW 20,400 224,400.00 0.28%ITD 19,700 136,385.00 0.01%UV 15,000 121,500.00 1.00%BMCL 40,000 84,000.00 0.01%TTA 4,000 69,200.00 0.02%BCH 1,000 8,025.00 0.04%Sources: SET, Bualuang researchRemark: Excluding ETF


Figure 3: Short sale volume (as % of total listed shares) - previous three months

Figure 4: Short sale volume (as % of total listed shares) - previous six months

Sources: SET, Bualuang Research

Remark: Excluding ETF

8.00

3.22 2.83 2.81 2.54 2.46 1.61

1.51 1.36 1.24 1.11 1.11 1.10 1.02 0.87

0.0

2.0

4.0

6.0

8.0

10.0

ITD

TTA

CK

JAS

TRU

E

SIR

I

RS

KBAN

K

BMC

L

STE

C

BLAN

D

PTT

TIC

ON

AMAT

A

SPAL

I

(%)

4.28

1.73 1.60

1.27 0.82 0.81 0.77 0.70

0.64 0.56 0.53 0.51 0.48 0.46 0.44

0.0

1.0

2.0

3.0

4.0

5.0

ITD

SIR

I

RS

TRU

E

KBAN

K

PTT

TTA

BMC

L

CK

PTTE

P

BCP

JAS

TOP

CE

NTE

L

VGI

(%)


Bualuang Securities Public Company Limited

BUALUANG SECURITIES PUBLIC COMPANY LIMITED (BLS) is a subsidiary of BANGKOK BANK PUBLIC COMPANY LIMITED (BBL). This document is produced based upon sources believed to be reliable but their accuracy, completeness or correctness is not guaranteed. The statements or expressions of opinion herein were arrived at after due and careful consideration to use as information for investment. Expressions of opinion contained herein are subject to change without notice. This document is not, and should not be construed as, an offer or the solicitation of an offer to buy or sell any securities. The use of any information shall be at the sole discretion and risk of the user.

BUALUANG SECURITIES PUBLIC COMPANY LIMITED MAY BE IN RELATIONSHIP WITH THE SECURITIES IN THIS REPORT. “Opinions, projections and other information contained in this report are based upon sources believed to be accurate including the draft prospectus, but no responsibility is accepted for any loss occasioned by reliance placed upon the contents hereof. Bualuang Securities Public Company Limited may from time to time perform investment, advisory or other services for companies mentioned in this report, as well as dealing (as principal or otherwise) in, or otherwise being interested in, any securities mentioned herein, This report does not constitute a solicitation to buy or sell any securities”. Investors should carefully read details in the prospectus before making investment decision.

BUALUANG SECURITIES PUBLIC COMPANY LIMITED MAY ACT AS MARKET MAKER AND ISSUER OF DWs, AND ISSUER OF STRUCTURED NOTES ON THESE SECURITIES. The company may prepare the research reports on those underlying securities. Investors should carefully read the details of the derivative warrants and structured notes in the prospectus before making investment decisions.

BUALUANG SECURITIES PUBLIC COMPANY LIMITED IS OR MAY BE A UNDERWRITER/CO-UNDERWRITER/JOINT LEAD IN RESPECT OF THE INITIAL PUBLIC OFFERING (“IPO”) OF SECURITIES.

Financial Advisor Lead underwriter/

Underwriter/ Co-underwriter

EPG

Score Range Score Range Description

90 – 100 Excellent 80 – 89 Very Good 70 – 79 Good 60 – 69 Satisfactory 50 – 59 Pass

Below 50 No logo given N/A

CORPORATE GOVERMANCE REPORT DISCLAIMER

This research report was prepared by Bualuang Securities Public Company Limited and refers to research prepared by Morgan Stanley. Morgan Stanley does not warrant or guarantee the accuracy or completeness of its research reports. Morgan Stanley reserves copyright and other proprietary rights in the material reproduced in this report. Morgan Stanley is under no obligation to inform Bualuang Securities or you if the views or information referred to or reproduced in this research report change.

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 base 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. Bualuang Securities Public Company Limited does not conform nor certify the accuracy of such survey result. BUALUANG RESEARCH – RECOMMENDATION FRAMEWORK STOCK RECOMMENDATIONS BUY: Expected positive total returns of 15% or more over the next 12 months. HOLD: Expected total returns of between -15% and +15% over the next 12 months. SELL: Expected negative total returns of 15% or more over the next 12 months. TRADING BUY: Expected positive total returns of 15% or more over the next 3 months.

SECTOR RECOMMENDATIONS OVERWEIGHT: The industry, as defined by the analyst's coverage universe, is expected to outperform the relevant primary market index over the next 12 months. NEUTRAL: The industry, as defined by the analyst's coverage universe, is expected to perform in line with the relevant primary market index over the next 12 months. UNDERWEIGHT: The industry, as defined by the analyst's coverage universe, is expected to underperform the relevant primary market index over the next 12 months.

DISCLAIMER

Closing price as (* In case of no closing price of the indictated date, use the latest closing price)Warrants Warrant Black & Premium Stock Exercise Expiry Shares Conversion Gearing All-in Delta Implied CFP Exercise

Price Scholes on B/S Price Price Date Outstanding Ratio Premium Elasticity Volatility Date% (m shares) % % % %

ACD-W2 5.55 5.78 (3.95) 6.75 1.00 07-Jun-16 160.70 1.00000 1.22 (2.96) 1.22 0.00 (12.08) Last business day of May, NovAEC-W2 0.77 0.11 587.70 1.42 2.00 10-Apr-17 165.66 1.00000 1.84 95.07 1.38 112.65 64.52 Last business day of Jun, DecAJD-W1 2.06 1.75 17.72 4.08 2.00 20-Nov-19 750.00 1.00000 1.98 (0.49) 1.72 50.50 (0.20) Last business day of Mar, SepAJP-W1 14.60 15.68 (6.90) 14.60 2.36 08-May-17 99.87 1.27000 1.27 (5.10) 1.27 0.00 (11.08) 8 May 15, 6 May 16, 8 May 17AQ-W2 0.10 0.00 Very High 0.43 1.09 20-Jun-15 1,030.90 0.91800 3.95 178.82 1.86 192.30 Very High Last business day of Mar, Jun, Sep, DecAQ-W3 0.22 0.02 929.26 0.43 0.58 19-May-16 2,624.55 1.02800 2.01 85.58 1.45 132.19 107.30 Last business day of Mar, Jun, Sep, DecBKD-W1 1.03 0.38 170.97 4.00 3.50 27-Feb-16 350.00 0.50000 1.94 39.00 1.51 123.49 67.82 30 Jun of every year, last exercise date 27 Feb 16BLAND-W3 * 0.31 0.18 71.25 1.59 1.90 07-Nov-15 1,991.22 1.00000 5.13 38.99 2.70 72.69 60.68 Last business day of Mar, Jun, Sep, DecBLAND-W4 0.50 0.43 15.77 1.59 2.00 02-Jul-18 6,930.27 1.00000 3.18 57.23 1.98 56.36 19.03 Last business day of Mar, Jun, Sep, DecBROOK-W4 4.00 2.66 50.48 3.12 0.84 08-Aug-16 330.59 1.25500 0.98 29.01 0.98 Very High Very High Last business day of Mar, Jun, Sep, DecBSM-W1 5.00 6.14 (18.58) 1.38 0.10 03-Jan-16 42.78 5.00000 1.38 (20.29) 1.38 0.00 (74.07) Last business day of Mar, Jun, Sep, Dec 2014-15BTS-W3 1.40 3.03 (53.85) 9.85 12.00 01-Nov-18 3,944.63 1.00000 7.04 36.04 3.27 34.46 9.62 30 Dec 16, 1 Nov 18CCP-W2 4.70 4.60 2.11 5.75 1.00 30-Sep-16 51.54 1.00000 1.22 (0.87) 1.20 96.28 (2.78) Last business day of Mar, Jun, Sep, DecCEN-W3 3.00 2.92 2.67 4.94 2.00 10-Jun-15 116.53 1.00000 1.65 1.21 1.57 101.89 7.49 Last business day of Mar, Jun, Sep, DecCGD-W3 0.81 0.64 26.49 2.16 1.80 07-Sep-16 2,438.66 1.00000 2.67 20.83 1.99 58.96 18.82 Last business day of every 6th monthCHO-W1 * 3.78 4.19 (9.78) 4.74 0.50 27-Oct-16 359.90 1.00000 1.25 (9.70) 1.25 0.00 (30.32) Last business day of Mar, Jun, Sep, DecCMO-W1 0.72 0.19 282.10 1.71 2.00 11-Nov-15 24.00 1.00000 2.38 59.06 1.65 142.19 130.10 1 Apr 13-15, 1 Oct 13-14, 11 Nov 15COLOR-W1 0.60 0.04 Very High 1.20 3.10 16-Jun-16 48.42 1.29060 2.58 197.02 1.54 135.56 171.42 Last business day of Mar, Jun, Sep, DecCPI-W1 0.64 0.42 51.29 2.42 2.24 01-Jul-15 148.90 1.00471 3.80 18.84 2.54 85.38 60.80 Last business day of Jun, DecCSS-W1 5.40 5.31 1.73 7.20 1.50 31-Mar-16 279.99 1.00000 1.33 (4.17) 1.30 93.87 (13.78) Last business day of Mar, Jun, Sep, DecCWT-W2 1.17 1.16 0.66 2.12 1.00 30-Jan-16 82.02 1.00000 1.81 2.36 1.73 53.80 4.94 Last business day of Jun, DecDCON-W1 * 9.00 9.00 0.02 18.20 5.00 08-May-19 41.09 1.00000 2.02 (23.08) 1.89 50.05 (13.12) Last business day of every six monthsDEMCO-W5 0.96 1.80 (46.68) 13.60 11.98 05-Feb-15 38.05 1.00100 14.18 (4.84) 14.18 0.00 (48.97) Last business day of Jan, Jul 14 and 5 Feb 15DEMCO-W6 2.98 2.27 31.24 13.60 14.98 05-Feb-16 38.05 1.00100 4.57 32.03 2.62 62.92 37.48 Last business day of Jan, Jul 14 and 15, 5 Feb 16DIMET-W1 11.80 13.03 (9.43) 13.50 0.50 01-Nov-17 90.00 1.00000 1.14 (8.89) 1.14 0.00 (35.21) Last business day of Jun, DecDNA-W1 7.10 13.89 (48.89) 15.10 0.50 18-Nov-18 251.10 1.00000 2.13 (49.67) 2.13 0.00 (51.19) 18 Nov 2018EARTH-W3 3.16 3.37 (6.18) 4.70 1.47 15-Sep-16 36.56 1.02300 1.52 (3.09) 1.52 0.00 (5.43) 15 Mar and 15 Sep throughout the life of warrantEARTH-W4 0.68 1.83 (62.83) 4.70 7.00 15-Sep-19 1,409.63 1.00000 6.91 63.40 2.98 30.31 12.55 15 Mar and 15 Sep throughout the life of warrantECF-W1 3.02 3.86 (21.68) 4.82 0.50 29-Jul-17 259.87 1.00000 1.60 (26.97) 1.60 0.00 (39.38) Last business day of May, NovEFORL-W2 1.09 1.35 (19.45) 1.45 0.10 22-Aug-16 4,599.61 1.00000 1.33 (17.93) 1.33 0.00 (54.54) 22 Aug 2016EIC-W1 1.59 1.60 (0.64) 2.40 1.00 29-May-17 100.00 1.04427 1.58 5.11 1.48 52.89 5.62 Last business day of May, NovEMC-W4 0.72 0.75 (3.40) 0.96 0.34 15-Mar-16 1,163.05 1.17400 1.57 (0.60) 1.57 0.00 (1.39) 15th of Mar, Jun Sep, DecE-W1 0.52 0.55 (6.14) 1.05 1.41 22-Dec-20 347.00 1.06500 2.15 80.60 1.53 56.29 16.66 Last business day of Mar, Jun, Sep, DecE-W2 0.38 0.43 (12.39) 1.05 2.00 22-Dec-20 261.75 1.00000 2.76 126.67 1.68 54.46 20.13 Last business day of Mar, Jun, Sep, DecE-W3 0.13 0.03 375.33 1.05 1.00 19-Mar-15 323.21 0.20000 1.62 57.14 1.31 388.82 Very High 19 Mar 15GEL-W4 0.41 0.30 38.15 1.12 1.20 09-Jun-16 1,327.19 1.00000 2.73 43.75 1.84 82.84 44.64 Last business day of DecGENCO-W1 2.48 2.72 (8.73) 3.70 1.10 18-May-17 180.00 1.00000 1.49 (3.24) 1.49 0.00 (4.29) Last business day of Mar, Jun, Sep, DecGJS-W2 0.08 0.02 247.15 0.06 0.21 12-Dec-17 4,933.06 3.63000 2.72 281.73 1.54 99.99 78.35 Last business day of Jun, DecGJS-W3 0.13 0.07 78.88 0.06 0.15 07-Feb-20 3,674.43 4.00000 1.85 204.17 1.33 88.44 39.58 Last business day of Jun, DecGLAND-W2 1.96 2.41 (18.75) 3.16 1.00 30-Jun-16 11.31 1.04700 1.69 (9.11) 1.69 0.00 (15.72) 30 Jun throughout the life of warrantGLAND-W3 2.08 2.42 (13.88) 3.16 1.00 30-Jun-17 368.61 1.00000 1.52 (2.53) 1.52 0.00 (3.06) 30 Jun throughout the life of warrantGL-W3 0.71 0.16 351.83 5.50 10.00 01-Dec-15 332.78 1.00000 7.75 94.73 2.78 84.45 126.84 Last business day of each monthGSTEL-W1 0.07 0.04 62.68 0.15 0.55 29-Sep-19 5,676.19 1.00000 2.14 313.33 1.39 91.23 50.33 Last business day of Jun, DecGSTEL-W2 0.08 0.04 86.28 0.15 0.55 26-Sep-19 1,348.65 1.00000 1.88 320.00 1.32 99.86 54.76 Last business day of Jun, DecIFEC-W1 10.70 12.24 (12.57) 12.70 1.00 23-Feb-17 172.47 1.05000 1.25 (11.89) 1.25 0.00 (35.06) 28 Nov 14, 28 Nov 15, 23 Feb 17ILINK-W1 17.00 14.95 13.74 16.90 10.00 23-Jun-16 14.47 2.00000 1.99 9.47 1.71 65.82 12.68 Last business day of Mar, Jun, Sep, DecIRCP-W2 2.50 1.42 75.86 6.80 6.30 16-May-17 56.79 1.00000 2.72 29.41 1.93 72.35 17.60 15th of May, NovIVL-W1 2.14 1.48 44.16 19.20 36.00 24-Aug-17 481.43 1.00000 8.97 98.65 2.98 46.25 32.83 Last business day of Jan, Apr, Jul, OctIVL-W2 2.02 1.58 27.79 19.20 43.00 24-Aug-18 370.31 1.00000 9.50 134.48 2.88 43.71 28.75 Last business day of Jan, Apr, Jul, OctKCE-W2 30.00 26.87 11.67 32.75 5.00 19-Jun-16 17.99 1.00000 1.09 6.87 1.07 233.59 51.06 1- 10 of Mar, Jun, Sep, DecL&E-W3 4.14 4.45 (6.91) 6.55 2.10 15-Jun-17 54.97 1.00000 1.58 (4.73) 1.58 0.00 (5.49) 15th of Jun, DecLH-W3 5.35 4.78 11.88 8.85 3.50 05-May-17 1,038.54 1.00000 1.65 0.00 1.51 70.47 0.00 Last business day of Mar, Jun, Sep and DecLIVE-W2 0.25 0.25 1.07 0.32 0.10 08-Dec-16 864.54 1.04700 1.34 5.87 1.27 85.33 11.44 Last business day of Mar, Jun, Sep, DecLOXLEY-W 1.77 1.41 25.12 4.20 7.00 30-Sep-17 66.24 1.00000 2.37 108.81 1.60 94.63 47.31 Last business day of Mar, Jun, Sep, DecMACO-W1 0.42 0.23 80.71 1.42 2.00 02-Nov-17 752.24 1.00000 3.38 70.42 2.03 73.18 27.84 30 Dec 16, 31 Mar, 30 Jun, 30 Sep, 2 Nov 17MBAX-W1 1.65 1.68 (1.61) 3.94 2.50 17-Aug-17 64.00 1.00000 2.39 5.33 1.97 48.22 3.42 17 Feb, 17 Aug 2015-2017MILL-W2 0.70 0.74 (4.97) 1.85 1.71 29-May-16 465.90 1.46000 3.86 18.46 2.62 46.78 17.33 Last business day of Jun, DecMINT-W5 4.56 7.14 (36.10) 30.50 40.00 03-Nov-17 200.06 1.00000 6.69 46.10 3.07 36.85 16.57 25th of Feb, May, Aut, NovMONO-W1 1.36 1.39 (2.27) 3.42 2.50 17-Oct-19 1,500.00 1.00000 2.51 12.87 1.95 48.32 4.13 Last business day of Mar, Jun, Sep, DecNBC-W1 2.80 0.03 Very High 0.90 3.00 11-Jul-18 176.86 1.00000 0.32 38.10 0.32 Very High Very High 15th of Jun, DecNEP-W2 0.46 0.46 (0.73) 0.90 0.50 15-Dec-16 472.33 1.00000 1.96 6.67 1.76 48.51 6.81 15th of Mar, Jun Sep, DecNINE-W1 2.52 1.39 80.88 4.60 4.00 11-Jul-18 84.96 1.00000 1.83 41.74 1.48 85.93 20.48 15th of Jun, DecNMG-W3 0.91 0.91 (0.13) 1.87 1.00 19-Jun-18 1,643.67 1.00000 2.05 2.14 1.86 34.79 1.19 15th of Jun, DecNNCL-W2 0.80 0.71 12.56 1.74 1.00 29-Dec-15 686.62 1.00000 2.18 3.45 1.89 70.45 6.55 Last business day of Mar, Jun, Sep, DecNPARK-W1 0.02 0.02 28.25 0.05 0.06 06-Nov-19 180,637.71 1.00000 2.50 60.00 1.71 50.95 15.42 Last business day of Mar, Jun, Sep, DecNUSA-W1 0.53 0.33 58.37 1.13 1.00 31-May-16 494.66 1.01200 2.16 34.84 1.63 93.58 43.07 Last business day of May and NovOCEAN-W1 1.11 1.23 (9.65) 1.59 0.35 01-Dec-15 98.49 1.00000 1.43 (8.18) 1.43 0.00 (29.64) 1th of Jun, DecPAE-W1 0.42 0.29 46.25 0.70 0.50 02-Nov-16 1,363.18 1.00000 1.67 31.43 1.39 102.47 37.47 15th of Mar, Jun, Sep, Dec

06 Jan 2015Bualuang Securities

Closing price as (* In case of no closing price of the indictated date, use the latest closing price)Warrants Warrant Black & Premium Stock Exercise Expiry Shares Conversion Gearing All-in Delta Implied CFP Exercise

Price Scholes on B/S Price Price Date Outstanding Ratio Premium Elasticity Volatility Date% (m shares) % % % %

06 Jan 2015Bualuang Securities

PF-W3 0.54 0.26 109.21 1.20 1.00 18-Jul-15 178.03 1.00000 2.22 28.33 1.68 140.97 120.32 Last business day of Mar, Jun, Sep, DecPLE-W2 0.33 0.02 Very High 1.57 3.20 20-Oct-15 536.19 1.00000 4.76 124.84 2.15 124.77 235.32 20 Oct 2015PPM-W1 3.86 2.12 82.31 7.70 7.00 19-May-17 80.00 1.00000 1.99 41.04 1.54 85.80 28.91 Last business day of Jun, DecPRINC-W1 3.06 3.34 (8.46) 4.50 1.20 30-Sep-16 452.93 1.00000 1.47 (5.33) 1.47 0.00 (9.99) Last business day of Mar, Jun, Sep, DecPYLON-W1 8.35 8.88 (6.01) 9.00 1.76 25-Apr-15 74.52 1.25000 1.35 (6.22) 1.35 0.00 (60.69) Last business day of Jun, DecRCI-W1 1.54 1.05 47.31 3.84 3.00 22-Oct-15 74.45 1.00000 2.49 18.23 1.91 88.88 40.04 22 Oct 14, 22 Oct 15RML-W3 0.29 0.03 780.61 1.88 2.75 15-May-15 893.84 1.00000 6.48 61.70 2.78 118.56 376.97 Last business day of Mar, Jun, Sep, DecROJNA-W3 3.24 3.01 7.46 7.30 4.00 18-Jul-16 141.72 1.00000 2.25 (0.82) 2.01 48.48 (0.97) Last business day of Feb, May, Aug, NovSIRI-W1 0.79 0.74 6.86 1.64 1.07 20-Jan-15 500.80 1.30200 2.70 2.24 2.42 212.95 166.85 Last business day of Mar, Jun, Sep, DecSIRI-W2 0.30 0.16 90.94 1.64 2.50 24-Nov-17 3,406.22 1.00000 5.47 70.73 2.57 55.36 24.16 Last business day of Mar, Jun, Sep, DecSLC-W1 0.06 0.00 Very High 0.09 0.48 16-May-15 250.00 0.82990 1.24 513.66 1.10 Very High Very High Last business day of May, NovSLC-W2 0.05 0.00 Very High 0.09 0.30 28-Oct-15 606.10 0.33870 0.61 397.36 0.61 Very High Very High Last business day of Mar, SepSLC-W3 0.11 0.02 450.12 0.09 0.52 14-Sep-16 484.88 1.93630 1.58 540.90 1.21 207.88 410.59 Last business day of Mar and SepSLC-W4 0.11 0.05 138.38 0.09 0.70 31-Mar-19 417.00 1.42370 1.16 763.63 1.07 184.05 157.84 Last business day of Mar and SepSPORT-W3 0.45 0.63 (28.50) 2.18 1.68 21-Apr-15 35.15 1.16158 5.63 (5.21) 5.63 0.00 (20.53) Last business day of Mar, Jun, Sep, DecSTAR-W2 0.95 0.24 287.95 2.78 2.90 03-Jun-16 34.00 1.00000 2.93 38.49 1.95 75.70 38.76 3 Jun throughout the life of warrantSUPER-W1 10.70 9.66 10.80 19.10 9.55 31-Jul-15 279.85 1.00000 1.79 6.02 1.61 105.88 25.67 30 Jan, 30 Apr and 31 Jul 2015SUPER-W2 11.70 9.73 20.29 19.10 9.55 14-Dec-15 335.82 1.00000 1.63 11.26 1.45 109.84 31.39 16 Mar, 15 Jun, 15 Sep and 14 Dec 2015TAPAC-W2 1.13 0.74 52.76 3.02 2.10 01-May-17 75.73 1.00000 2.67 6.95 2.08 54.13 4.66 Last business day of Jan, Apr, Jul, OctTCC-W2 1.56 1.40 11.49 1.85 0.82 03-May-18 68.33 1.21782 1.44 13.62 1.31 70.27 11.67 Last business day of Feb, May, Aug, NovTCC-W3 1.35 1.45 (6.64) 1.85 0.88 01-Apr-22 92.20 1.14249 1.57 11.17 1.45 34.07 3.79 Last business day of Mar, Jun, Sep, DecTCC-W4 1.35 1.25 8.13 1.85 1.00 14-May-23 369.35 1.00000 1.37 27.03 1.24 55.61 8.65 Last business day of Mar, Jun, Sep, DecTCJ-W1 4.54 2.92 55.29 11.40 9.80 17-Mar-16 9.15 1.02000 2.56 25.04 1.89 78.30 33.48 Last business day of Mar, Jun, Sep, DecTCMC-W1 1.41 1.20 17.67 3.08 2.00 26-Aug-16 171.10 1.00000 2.18 10.71 1.81 62.96 11.66 Last business day of Mar, SepTFD-W2 1.60 0.44 264.47 4.06 4.85 15-May-16 180.41 1.03000 2.61 57.79 1.75 104.90 62.93 Last business day of Mar, Jun, Sep, DecTFD-W3 1.20 0.39 206.34 4.06 5.00 15-May-16 256.56 1.00000 3.38 52.71 2.04 85.74 51.10 Last business day of Mar, Jun, Sep, DecTH-W1 1.10 1.31 (16.26) 2.22 1.00 09-Sep-17 60.00 1.00000 2.02 (5.41) 2.02 0.00 (4.15) Last business day of SepTIES-W2 0.99 0.03 Very High 0.71 1.00 14-May-15 223.06 4.69400 3.37 70.55 1.94 175.52 636.94 Last business day of Mar, Jun, Sep, DecTLUXE-W2 0.58 0.60 (3.21) 3.10 2.50 20-Feb-15 107.26 1.00000 5.34 (0.65) 5.34 0.00 (6.40) Last business day of Mar, SepTMI-W1 1.52 1.58 (3.80) 1.84 0.25 04-Oct-15 129.55 1.00000 1.21 (3.80) 1.21 0.00 (28.37) Last business day of May, NovTPAC-W1 1.92 1.05 82.27 5.45 5.00 21-May-16 49.94 1.00000 2.84 26.97 1.98 79.75 28.94 Last business day of Mar, SepTRT-W2 2.12 1.08 96.75 5.90 5.50 05-Oct-15 51.31 1.00000 2.78 29.15 1.94 108.26 65.72 Last business day of May, NovTSF-W2 0.44 0.46 (3.59) 0.47 0.19 14-May-15 228.98 1.60524 1.71 (1.89) 1.71 0.00 (12.51) Last business day of Feb, May, Aug, NovTSF-W3 0.25 0.22 12.47 0.47 0.25 14-May-15 796.28 1.00000 1.88 6.38 1.67 129.63 44.40 Last business day of Feb, May, Aug, NovTTA-W3 4.04 3.76 7.47 17.50 16.17 12-Sep-15 131.34 1.05160 4.56 14.33 3.04 55.09 28.15 Last business day of Mar, Jun, Sep, DecTTA-W4 4.84 4.93 (1.73) 17.50 18.50 01-Mar-17 98.17 1.00000 3.62 33.37 2.29 49.11 19.32 Last business day of Mar, Jun, Sep, DecTVD-W1 1.41 0.85 65.42 2.60 2.53 14-Jul-16 23.50 1.38300 2.55 36.56 1.80 86.29 36.38 Last business day of Jun, DecTWZ-W3 0.38 0.21 83.39 0.49 0.30 22-Jun-17 400.00 1.00300 1.29 38.34 1.21 169.61 49.59 30 Dec 15, 30 Dec 16, 30 Dec 17UAC-W1 2.88 2.40 20.10 7.40 6.25 31-Jan-16 91.00 1.20000 3.08 16.89 2.23 65.96 23.29 Last business day of Mar, Jun, Sep, DecUWC-W1 24.10 36.52 (34.00) 37.50 1.00 13-Nov-15 12.88 1.00000 1.56 (33.07) 1.56 0.00 (95.29) Last business day of Mar, Jun, Sep, DecVGI-W1 1.66 3.34 (50.30) 11.70 14.00 01-Aug-18 857.96 1.00000 7.05 33.85 3.38 29.25 9.77 Last business day of Mar, Jun, Sep, DecVTE-W1 1.41 0.63 124.43 2.64 2.50 12-Feb-16 106.18 1.00000 1.87 48.11 1.45 133.43 90.71 Last business day of Jun, DecWAT-W1 0.02 0.00 Very High 0.05 0.40 14-Feb-15 780.00 2.49610 6.24 716.02 1.88 490.86 Very High Last business day of Jun, DecWAT-W2 0.03 0.00 Very High 0.05 0.40 28-Jun-16 4,149.93 1.00000 1.67 760.00 1.22 225.61 663.25 Last business day of Dec

Stock CoverageBLS Stock Rating Gearing BLS Stock Rating All-in

PremiumIVL-W2 HOLD 9.50 DCON-W1 BUY (23.08)IVL-W1 HOLD 8.97 PYLON-W1 BUY (6.22)VGI-W1 SELL 7.05 LH-W3 BUY 0.00BTS-W3 BUY 7.04 SIRI-W1 BUY 2.24MINT-W5 BUY 6.69 KCE-W2 BUY 6.87RML-W3 SELL 6.48 MONO-W1 HOLD 12.87SIRI-W2 BUY 5.47 TTA-W3 BUY 14.33TTA-W3 BUY 4.56 TTA-W4 BUY 33.37TTA-W4 BUY 3.62 VGI-W1 SELL 33.85SIRI-W1 BUY 2.70 BTS-W3 BUY 36.04MONO-W1 HOLD 2.51 MINT-W5 BUY 46.10DCON-W1 BUY 2.02 RML-W3 SELL 61.70LH-W3 BUY 1.65 SIRI-W2 BUY 70.73PYLON-W1 BUY 1.35 IVL-W1 HOLD 98.65KCE-W2 BUY 1.09 IVL-W2 HOLD 134.48Note: Rank by Gearing Note: Rank by All-in Premium

*NOTE: BLAND-W3: Details of Warrant Exercise Period Exercise Price (Bt).

- 8 Nov 2010 - 7 Nov 2011 = Bt1.10.- 8 Nov 201 - 7 Nov 2012 = Bt1.30.- 8 Nov 2012 - 7 Nov 2013 = Bt1.50.- 8 Nov 2013 - 7 Nov 2014 = Bt1.70.- 8 Nov 2014 - 7 Nov 2015 = Bt1.90.

CHO-W1: The first exercise date 30 Dec 2014.DCON-W1: The first exercise date 31 Jul 2017.

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