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
result of an economic growth and our efforts to promote the capital market as source of funds for the private sector. Figure 2 reveals the constant decrease of listed companies per auditors from the end of
-on-y: A 19.0% decrease in Q3’2019 to Baht 51 million and 22.1% in 9M’2019 to Baht 155 million based on changes in benefits transferred from the business operation of ABP1 and ABP2; • Interest expenses
-y: A 42.0% decrease in 2019 to Baht 199 million and 69.4% in Q4’2019 to Baht 44 million based on changes in benefits transferred from the business operation of ABP1 and ABP2 and maturity of ABP1’s
offering; (b) change in par value resulting in an increase or decrease in the amount of shares; (c) redemption of securities; (d) amalgamation, merger or takeover by making a tender offer; (e) distribution
par value resulting in an increase or decrease in the amount of shares; (c) redemption of securities; (d) amalgamation, merger or takeover by making a tender offer; (e) distribution of share dividends
decrease its paid-up capital by way of canceling the listed shares which cannot be disposed of. The buyback of shares, the disposal of the shares bought back, including the determination of number, offering
the period specified by the laws, the Company shall decrease its paid-up capital by way of canceling the listed shares which cannot be disposed of. The buyback of shares, the disposal of the shares
% y-on-y in Q2’2019 to Baht 517 million and 27.3% y-on-y in 6M’2019 to Baht 1,071 million, primarily attributable to: • Interest expense from ABPIF: A y-on-y decrease of 27.9% in Q2’2019 to Baht 49
profit before income tax of THB 12.02 million. This was due to an increase in revenue and a decrease in the management benefit expenses by THB 0.78 million. However, there was an increase in administrative