ESSAY 2: AN EXAMINATION INTO BUY-SELL ASYMMETRY OF PRICE BEHAVIOR AROUND TRADES AND TRADING COSTS OF TRADES: EVIDENCES FROM TH 1 THE ASYMMETRY OF PRICE BEHAVIOR AROUND BUY AND SELL TRADES: NEW

/Total Return vs Investor Return g Introduce the Investor Return /How much investors lose chasing returns / Investors often suffer from poor timing (buy high, sell low) gKey Take-Away Source: Morningstar

, services but on the other hand more sells electricity and heat energy  Revenue from project work of 145.40 Million Baht. The company has 166.80 Million Baht decreased or 53.43 percent when compared to the

steel price trend while inventory still had higher price. Also, when comparing to the same period of last year, inventories on hand end of 31 March 2016 had low cost since last quarter of year 2015. 4

same period of 2018. The main reasons were:  Revenues from circulation decreased 15.24% with circulation revenues of comic books and children books decreasing 33.23%. On the other hand, revenues from

comic books and children books decreasing 27.63%. On the other hand, pocket books increased 28.20%. • Revenues from rendering of services decreased 70.6% due to less margins from publishing, distributing

publications. 2. Costs and expenses for the six-month period of 2018 increased 85% compared to the same period of 2017. The main reasons were:  Cost of goods sold decreased 1%. On the Other hand, sales

this current year. Service Income During this captioned quarter, there was no service income since all projects on hand had been completed in 2019 and no new awarded one. Other income The other income

51.05 % decrease there has been no any new awarded project and such an income has been gained from project on hand since 2016. Service Income The service income in this quarter was Baht 7.80 million

% decrease since there has been no any new awarded project and such an income has been gained from 9 projects on hand since 2016 and another 3 projects completed in 2017. The 2017income of Baht 72.04 million