adjustments than firms with Big 4 auditors. The interpretation of the results can be in both client and auditor factors. For client factor, holding auditor factors constant, the interpretation can be that firms
% utilization rate. While material cost lowered, coinciding with cassava price direction; the main ingredient, from the constant rain. As a result, Ethanol Fuel Business EBITDA was recorded at THB 74 million (+81
, decreased by Baht 153 million or 15% from Q2/2018. The drop was due to the rise in natural gas prices while Fuel tariff (Ft) rate remained constant; therefore, the gross profits of Rayong Central Utility
due to perceived growth opportunities. According to Gordon’s (1962) constant growth dividend discount model (DDM), the PE ratio is positively correlated with the expected growth rate but negatively
, 2017 and September 12, 2017. The exchange rate is referred from Malaysia National Bank. keep the ringgit constant. Payment by cash valuation at 24,000,000 MYR which is equivalent to 196,537,120 THB at
period between August 18, 2017 and September 12, 2017. The exchange keep the ringgit constant. Payment by cash valuation at 24,000,000 MYR which is equivalent to 196,537,120 THB at the exchange rate of
been put in place, in order not to interfere with the retail market sales volume, the main sales channel. Constant growth can be observed in the retail sales volume from the customer base expansion
remained constant yoy even though Baht currency continued appreciation. • Hotel Management Revenue from hotel management business reported Baht 100 million in 3Q19, increased by 58.8% yoy and Baht 280