To break or not to break: Evidence from price discovery process of Thai stocks during the pre-opening of each trading session To break or not to break Evidence from price discovery process of Thai

ปฏิบติัไดต้รงกนั ส านกังานจึงขอซกัซอ้มความเขา้ใจในเร่ืองต่าง ๆ ดงัน้ี (1) การก าหนดเวลาในการรับค าส่ังซ้ือขายหน่วยลงทุน (“cut off time”) บริษทัหลกัทรัพยจ์ดัการกองทุน (“บลจ.”) และบริษทันายหนา้ซ้ือขาย

cut to length as per customers’ requirements. The Company and its subsidiaries therefore sold scrap and recorded as the other income. 1.3 Cost of goods sold Majority of cost of goods sold are cost of

facts about the types of stocks they hold and the positive relationship between past returns and the ability to attract new investment capital, which we build on in the second and third essays. The second

= 4.65 % 5. Details assets 5.1 Shareholder Structure in N Hospital Co.,Ltd Prior to Transaction 1. World Corporation Public Company Limited Numbers of stocks held 2,549,745 shares 33.33 % 2. Green Estate

Green Avenue company limited = 9.29 % 5. Details assets 5.1 Shareholder Structure in N Hospital Co.,Ltd Prior to Transaction 1. Green Estate Chiangmai company limited Numbers of stocks held 1,490,625

Estate Chiangmai company limited Numbers of stocks held 1,490,625 shares 19.49 % 2. Green Avenue company limited Numbers of stocks held 659,225 shares 8.62 % 3. Mr. Kritsada Tunpow Numbers of stocks held

periods of previous year. The significant other income is income from scrap sales which were the results from the processing of cold rolled stainless steel sheet and coil such cut to length as per customers

blogs. Trigger Fund ไม่สามารถท าการ cut loss ท าใหไ้ม่สามารถควบคุมความเส่ียงในช่วงขาลงได ้ผูล้งทุนท่ีสนใจลงทุนตอ้งมีสภาพ คล่องทางการเงินท่ีดีเน่ืองจากไม่สามารถขายไดก่้อนครบก าหนด โดยเฉล่ียแลว้มีการเกบ็ค่า

PPG products caused we cannot bid for any projects , and we have to set up provision for obsoleted raw materials and stocks. Please be informed. Yours Sincerely, Panya Boonyapiwat Chairman