mutual funds are able to successfully time the market and that their performance is negatively related to their expenses. • Carhart (1997) documents that persistence in superior fund performance is very
) THB 3,895 mill ion | 69% Gross Profit 5,650 Very Small Power Producer (VSPP) THB 245 mill ion | 4% Independent Power Producer (IPP) THB 1,511 mill ion | 27% GPSC - Q2/2020 Management Discussion and
not selling very well. Big yellow & red balls concentrate in 1-3 stars area. 20,00010,0005,0001,000 Star rating by Morningstar Fund size (mn.) Source: Morningstar Direct, data complied by Research
Sovereign Rating Impact Very strong +2 Strong +1 Moderate 0 Weak -1 Very Weak -2 Historical data analysis Momentum adjustments: Near-Term 5Y Overlay from Analysts Output from ESG sovereign
. Comparing Q1–2018 and Q4–2017, showed that the change rate in total revenue and total expenses decreased at a very similar rate, representing a decreased of 18.3% and 19.7%, respectively. However, comparing
), decreasing by 2.66 mb or 2.2%. The redcution is mainly due to the lost jobs in accounting and financial outsourcing revenue. Of the revenue we have lost, there was a larger value contract with very thin margin
operations Overview of the retail industry in 2019, the growth rate was not very high at approximately 2.6 percent resulting from consumer buying power was slow due to economic conditions. In which the Company
revenue, which was 21.2% and the total expense of 21.5%, was very similar. However, when comparing the change in total revenue and total expenses between Q1- 2017 and Q1- 2016, there was a difference in the
mobile top-up decreasing from 95% to 90%. As a result, the revenue structure of the Company is more diversified. The growth of other services such as money transfer has been growing very well. In 2Q17, the
, decrease Baht 0.59 million or 6.08%, both period not very difference. 2. Cost of sale , Profit margin In Q3/2017 the company had cost of sale Baht 85.71 million compare with the same period of previous year