mutual funds are able to successfully time the market and that their performance is negatively related to their expenses. • Carhart (1997) documents that persistence in superior fund performance is very
of stocks in promise of superior performance. Studies on fund managers’ stock selection skills and fund performance yield mixed results, partly because there are various ways one could measure them.9
. Power Plant Business Group recorded a superior electricity sales (+3% QoQ and 4% YoY), from the commercial operation commencement of Nagi and Gotemba solar power plant in Japan. For Solar power plant
to Energy 2016, World Energy Council. 25 João Aleluia, Paulo Ferrão, Assessing the costs of municipal solid waste treatment technologies in developing Asian countries, Instituto Superior Técnico
523,768,667 4.95 523,768,667 3.76 6. GS Security Holding Company Limited 520,000,000 4.91 520,000,000 3.73 7. Superior Overseas (Thailand) Co., Ltd. 412,500,000 3.90 412,500,000 2.96 8. Thai NVDR Co., Ltd
523,768,667 3.76 6. GS Security Holding Company Limited 520,000,000 4.91 520,000,000 3.73 7. Superior Overseas (Thailand) Co., Ltd. 412,500,000 3.90 412,500,000 2.96 8. Thai NVDR Co., Ltd. 187,951,907 1.78
re- place purchased PTA appears well timed. In Asia, firstly the formation of a 50:50 JV in India in September 2016 led to subsequent de- consolidation of superior margin India PET business and
approximately 25% which should lead to the higher earnings for the Company on a per-tonne basis with scale and product mix impact. This is superior to existing portfolio which based on 2H17 run-rate provides a
leading integrated margins at scale. Our advantaged portfolio across the three business segments, supported by our transformation programs, is expected to yield in our 2023 business plan superior ROCE in