still affected by the oil price volatility in the global market. Despite the crude oil price recovery, the average crack spread between finished product and referenced crude oil price continues to decline

0.1 Asset turnover (times) 0.4 0.6 (Enclosure 4) 16 3.4 Risk factors which may affect profit of the Company 3.4.1 Risk due to economic slowdown In 2017, due to global economic uncertainty, volatility of

SECOND PARTY OPINION1 ON CHANEL’S SUSTAINABILITY-LINKED BOND FRAMEWORK September 2020 BACKGROUND CHANEL (hereafter the “Issuer”) contemplates including three environmental factors to the Sustainability-Linked Bonds (the “SLBs”) to be issued in compliance with the Sustainability-Linked Bond Framework (the “Framework”) created to govern their issuances and following the Sustainability-Linked Bond Principles (the “SLBP”). The Framework will include the Issuer’s commitment to achieve specific target...

-Scholes: The Stochastic Volatility Option Pricing Model and Empirical Evidence from Thailand. การประชุมทางวชิาการ "ศาสตราจารยส์งัเวยีน อนิทรวชิยั ดา้นตลาดการเงนิไทย" ครัง้ที ่22 ประจ าปี 2557 Wilmott, P

moving toward such goal, however, the country has to prepare for the volatility that the market liberalization will bring, and seek ways to increase opportunities and Chaikasem Nitisiri Chairman 20T H

satisfactory economic growth, many key nations such as Japan and China recorded a slowdown. The Eurozone was fragile while Russia faced economic problems and currency volatility from sharply declining crude oil

was warmer than usual, leading Diesel demand to remain unchanged. Management Discussion and Analysis of Business Operation for FY2018 Bangchak Corporation Plc. I 12  Fuel Oil / Dubai crack spread (FO

Culture), while Political & Regulatory is remained unchanged. Thailand fared very well in Accounting and Auditing (IGAAP), moving from 73 percent to 80 percent. Thailand is ranked the second following only

remained unchanged at 20%. In 2013, the SEC performed the firm-level reviews for the total of 8 audit firms, as planned, and observed significant improvements in most aspects, especially in client acceptance

volatility will not have a material adverse effect on the Group's financial condition and operating results. Global market uncertainty related to the COVID-19 pandemic, especially the Group's reduced capacity