; Average selling price decrease due to World sugar price volatility At the beginning of 2017, world sugar price has climbed up to 20 cent/lb then dropped sharply to 10 – 12 cent/lb now, due to global sugar

13,657 % Change 34.15 43.11 22.22 2.49 71.58 controlled the volatility of raw material prices. In addition, the production and sales in this quarter decreased the cost per unit. • Sales Expenses Q3/2018

, selling e xpenses and administrative expenses decreased by Baht 45 million, other income and loss from exchange rate volatility results in profit decreased Baht 14 million. Net profit decreased from the

the digital currency that is used broadly in the world with easy access, speed and low costs. It is a stable coin backed by assets with less volatility, unlike bitcoin.Moreover, Facebook and its

investment is usually exposed to relatively high risk from price volatility https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=9126 < > > < > > Previous First 5 6 7 8 ... Last Next

risk free rate SD is standard deviation 3.1.2 Minimum Variance 3.rd or min 2 2 2 2 2 1 1 2 2 1 2 1 2 12... 2 ...p Minw w w w     = + + + + is weight of asset is volatility is correlation

Conclusions Behavioral Explanation Table 2: Behavioral Variables Variable Representation Related Literature Volatility Index (VIX) Investor sentiment Delong et al. (1990), Shleifer and Vishny (1997), Baker and

revenues. The ability to maintain low financial cost due to the replacement long term loan with lower rate as well as the Company’s policy to manage liquidity risk and interest rates fluctuation risk by

total revenues, slightly decreased from 11% in the previous year. This was because the Company’s policy is to manage liquidity risk and interest rates fluctuation risk by mainly locking in long-term

Company to efficiently control inventories aging and procurement that prevent risk from CPO’s prices fluctuation. - Raw materials and By-product’s Quantity sold in the 2nd quarter of 2019 has contributed to