on impacts from volatile international capital flows, which would have repercussions for foreign exchange movements and funding costs. The Thai economy in the second quarter of 2018 exhibited ongong

base. However, close attention should be paid to the government’s budget disbursements and global financial markets which may, from time to time, become somewhat volatile. On the inflation front

activity, thus dampening Thai economic growth during the second half of the year. Other challenges included volatile foreign exchange movement and international capital flows as well as the rapid evolution

in the gross refinery margin slightly decreased from the previous quarter. Crude oil price in Q2/2017 was volatile and drastically decreased in the latter part of the quarter, leading to some part of

recorded THB 259 million, most of the loss was THB 255 million from the Foreign Exchange Forward Contract made by BCPG, to hedge against volatile exchange rate, for its investment in the wind power plant in

มีการข้ึนลงผันผวน (Volatile) มากกวาหลักทรัพยพ้ืนฐาน ดังน้ัน หากกองทุนมีการลงทุนในหลักทรัพยดังกลาวยอมทําใหสินทรัพยมคีวามผันผวนมากกวาการลงทุนใน หลักทรัพยพ้ืนฐาน (Underlying Security) นอกจากน้ัน

มากกว่ากองทุนรวมที่ portfolio duration ต ่ากว่า 8. ควำมเสี่ยงจำกกำรท ำสัญญำซือ้ขำยล่วงหน้ำเพื่อป้องกันควำมเสี่ยง คือ สญัญาซือ้ขายล่วงหนา้ที่อาจมีการขึน้ลง ผนัผวน (Volatile) มากกว่าหลกัทรพัยพ์ืน้ฐาน ดงันัน้

the end of 2019. The Company emphasizes on the importance of effective management of its capital structure to be resilient towards the volatile money market and capital market, as well as maintain its

rating or investment view on the equity security of the company or related products. Volatility Indicator [V] : A stock is defined as volatile if the stock price has moved up or down by 20% or more in a

while massive capital inflows induced by expected baht appreciation further boosted the market. During the second half of the year, movements of the index were highly volatile, closing the year at 858.1