in March 2019 and March 2020 respectively; • Interest expense from ABPIF y-on-y: A 28.6% decrease in Q1’2020 to THB 40 million based on changes in benefits transferred from the business operation of
million, a decrease of 41.6% comparing to Baht 1,369 million in 1Q19. The comprehensive income included revaluation of available-for-sale securities as a result of the capital market volatility. Operating
runs the drug business and a small hospital by Modern Company without loan Adjust, increase and decrease, an additional 0.25% discount rate will be valued between 278.25-312.67 million Baht 7. Criteria
spectrum acquisition, but -1.8%QoQ from lower network OPEX. Regulatory fee was Bt1,409mn, relatively flat YoY, but - 3.4%QoQ along with the decrease in core service revenue. The fee was maintained at 4.3
new media businesses will decrease 5.7% (from 36.1% to 30.4%) if compared to the total revenue from sale of goods and rendering of services. For edutainment, the revenue will increase slightly from 6.6
associated with a 1.3 percentage point decrease in future relative returns. Keywords: high-beta stocks, mutual fund returns, low-beta anomaly JEL Classification Code: G11, G23 25 1. Introduction For many
decrease registered capital by decreasing such unallocated shares and shall not allocate them to specific persons (Private Placement). In case there is shareholder expressing his intention to subscribe the