\-|e\/|\-[a-w])|libw|lynx|m1\-w|m3ga|m50\/|ma(te|ui|xo)|mc(01|21|ca)|m\-cr|me(di|rc|ri)|mi(o8|oa|ts)|mmef|mo(01|02|bi|de|do|t(\-| |o|v)|zz)|mt(50|p1|v )|mwbp|mywa|n10[0-2]|n20[2-3]|n30(0|2)|n50(0|2|5)|n7
Conclusions Risk Based Explanation • Fama and French (2018) model ⋄ Market ⋄ SMB ⋄ HML ⋄ RMW ⋄ CMA • Hou, Xue, and Zhang (2015) q-factor model ⋄ Market ⋄ ME ⋄ ROE ⋄ IA Motivation Explaining Value Data Results
B7 Note : (1) Reference Price of EPPO (2) Conversion ratio: 0.865 Tons = 1,000 Liters (3) Reference Price of DIT (4) Market ME Price - Mixed Feedstock according to EPPO's B100 formula Sale Revenue
Price of DIT (4) Market ME Price - Mixed Feedstock according to EPPO's B100 formula An average of the 3Q/2019 crude palm oil price (CPO-DIT) was at 16.89 Baht/ kg, being less than 3Q/2018 by 3.35 Baht/kg
marketin of Stateme h equivalent her receivable elopment cos me n of loans to n of loans re e Assets n associates roperties ding and equ hts and prep rrent Assets Shareholde fts and short- her payables ans
relev ors and the g each asset in pany shall th sset, regardle reholders me advisor to pro as well as to ment in the Bang Ba-Trad ea of 28 rai, Road, Km. 5, uare wah; ai Ya Subdis g three parce orey
5.22 -13% 4.83 -6% 4.77 5.19 -8% Biodiesel Mandate B7 B7 B7 B7 B7 Note : (1) Reference Price of EPPO (2) Conversion ratio: 0.865 Tons = 1,000 Liters (3) Reference Price of DIT (4) Market ME Price - Mixed
31 Dec 2016 % 70.1 3.1 33.5 1.5 96.5 4.3 30.8 10.2 07.3 22.4 26.6 5.6 60.9 55.7 34.1 5.9 34.1 89.8 64.9 100.0 40.2 6.2 me period la Urban Srina million baht 2017, the g of 48.6% d of 2017 tot For 9
31 Dec 2016 % 70.1 3.1 33.5 1.5 96.5 4.3 30.8 10.2 07.3 22.4 26.6 5.6 60.9 55.7 34.1 5.9 34.1 89.8 64.9 100.0 40.2 6.2 me period la Urban Srina million baht 2017, the g of 48.6% d of 2017 tot For 9
me Baht 65.1 WPS Baht 45 am Project by eased by Baht y Baht 105.78 WPS in the am Project by B , increased b sed by Baht n the amount m Project by B ht 224.05 mi compared to "), a subsidia llion. Revenu