significant increase in purchasing volume. In addition, stabled oil price also have played a significant role in the Company’s production costs was able to stabilize, a well as to increase the customers
in unabated coal in the portfolio adopt phase out plans by 2030 or sooner; an end to investment in new fossil fuel infrastructure assets, or exploration of new oil and gas fields/expansion of oil and
tools to evaluate, in the context of its particular financial situation, an investment in the Notes and the impact the Notes will have on its overall investment portfolio; (iii) have sufficient financial
and the eruption of an oil price war between Saudi Arabia and Russia, there were rising fears that the economy would plunge into deep recession – a signal of an imminent economic crisis. Given this
the asset value under the present conditions as much as possible. Therefore, it is the opinion of the IFA that the most appropriate approach to evaluate the asset is the Adjusted Book Value Approach
utility measure.” A utility approach is especially apt to evaluate strategies with uncertain results. For example, Scott and Watson (2013) use a utility maximization model to benchmark the efficacy of
Next, we evaluate the fund returns with respect to the Carhart (1997) 4-factor asset pricing model to get the risk-adjusted return, alpha. Specifically, for each fund 𝑖, we estimate 𝛼𝑖 using the
of slower-than-expected growth of the Chinese economy, political risks in Europe, and the impact of tightening global financial conditions. In spite of the weaker external sector, lower average oil
September 2017 driven by the continuous increasing in demand from trading partners in oil sector and domestic. Primary energy consumption in 2017 has improved by 2.4% compare to previous year and in the same
capital market as well as the decline in the price of the global oil market and the recession in the United States, the overall Thai economy was affected. Agricultural prices dropped sharply; causing