Mutual Funds - Ratanabanchuen & Saengchote © Four Stylized Facts about Open-Ended Equity Mutual Funds in Thailand 1. Most funds do not beat the market, whether it is raw or risk-adjusted returns. 2. Most
%) 329.3 8.6% 467.9 (337.5%) EBITDA ทีปรบัปรงุแล้ว (Adjusted EBITDA)3 997.0 38.7% 1,132.5 29.7% 135.6 13.6% กาํไร (ขาดทนุ) สาํหรบังวดทีปรบัปรงุแล้ว 311.4 12.1% (98.4) (2.6%) (409.8) (131.6%) 1 เมอืวนัท ี8
accounts into the system. They have to manually adjust the account balances after getting the trial balance from the system. However, these transactions should be adjusted before preparing the trial balance
Company was derived from cost of goods sold that adjusted downward mildly from the change in production plan and sales mix. Sales Expenses Sales expenses for the three months period ended 31 March 2018 and
million or 44.5% from the same period of last year. Normalized net profit, adjusted with Non-recurring item, for the period of Q3’2018-2019 was Baht 444 million, increased by 101 million or 29.4% from
million. Fro the interest e was Baht 81 ht 14.49 mil ebentures in t in associate n associated company rec 3 million, incr on compared increased from serving 20 ye illion. And th hat adjusted u 4 million
the Labor Protection Act (amount of Baht 42 million), totaling of Baht 162 million. If adjusted by adding these expenses to Baht 140 million, result in a figure of Baht 302 million. This is an increase
expenses in the 2nd quarter 2020 decreased by 2.72 million baht from the same period last year. Due to the reduced shipping cost due to the oil price, Long-term lease payments which have been adjusted to
earnings are modified for risk and no further adjustment to the discount rate should be used beyond risk-adjusted expected earnings. Their model specifies that risk residing in economic fundamentals, i.e
market liquidity indexes are (1) turnover value (2) illiquidity ratio (3) adjusted zero return measure (4) illiquidity ratio (5) return reversal measure (6) Liu’s measure or turnover adjusted number of