decrease in premises and equipment expenses. Cost-to-income ratio excluding loss from sale and revaluations of foreclosed assets stood at 38.4% improving from 40.2% during 1Q20. Unit: Baht million 1Q21 4Q20
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
Pittayachai 4 Co., Ltd. at the Central Office for Machinery Registration, Department of Industrial Works, Ministry of Industry. As a result, the debenture debt will decrease by 55,000,000 Baht (Fifty Five
operating results and financial condition of UWC will improve as a 12 result of the reduction in accumulated losses in connection with the power generation business, coupled with the decrease in the debt to
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
customers both directly and indirectly. In the second quarter of 2017, KBank and subsidiaries reported a net profit of Baht 8,986 million, a decrease of Baht 1,185 million, or 11.65 percent over-quarter. The
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