holding, buying and selling over time Buy and sell following the moving average trend following. 3. To test the level of return and risk according to the Mean-Variance model. 9 Related Literature 1. Naïve
durable benefits for Institutional Investors in the long term. The Securities and Exchange Commission (SEC) has joined this global trend by adopting the Investment Governance Code 2017 (I Code). The I Code
tourism industry due to COVID-19 led to significantly reduced revenues in the Group's travel retail business in the first half of 2020 and this trend of lower revenue is expected to continue. It cannot be
million baht, higher 112 million baht from 2017 and slightly drop compare to 2016 following the appreciation trend in 2017 and turning to the depreciation trend in 2018. However, the company has no policy
down 70kt or 17% year on year. On the positive side EBITDA per tonne increased 1% and as fuel is expected to reduce in 2020 the trend is encouraging. On the costs side SG&A decreased by -5% as a focus on
price is the agreed price, considering in appropriate and based on the book value including the past performance and the business trend. (6) Proportion of Shareholding Shareholding Proportion before
recent months. Prices on average have seen a decline but towards the end of the Q4 that trend had reversed and at key domestic customers prices have been rising. The impact of the weak US dollar is
offering of special investment privileges and the establishment of an official target for Thailand to become a medical hub and a center for the export of medical devices by 2020; (ii) the rising trend of
important business line and its trend were summarized as follows: 1. Personal Loans Business J Fintech Company Limited, operating a personal loan business, which its performance has been improved. Whereby in