Comments on: “Trading costs on the Stock Exchange of Thailand” Authors: Charoenwong C., Ding D.K., Jenwittayaroje N. Comments on: “Risk-taking behaviour during downturn: evidence of loss-chasing and

concerning Investment of Funds; “business day” means a day on which management companies are open for normal business; “Stock Exchange” means the Stock Exchange of Thailand; “provident fund with multiple

international businesses. Moreover, the SEC allowed the Stock Exchange of Thailand (SET) to use the market capitalization as an additional criterion for securities listing. Such practice is recognized

the monopoly status of the Stock Exchange of Thailand through demutualization, and liberalize securities business licensing and brokerage fee. Other strategies include reform of legal framework and tax

local stock and bond markets. ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ 2

combined market capitalization of the Stock Exchange of Thailand and the Market for Alternative Investment was 14.24 trillion baht, up 21.97 percent from 2013. The average daily trading volume of 45,466

Section 110 Securities and Exchange Act B.E. 2535 Section 110. A securities company shall open its office for business during business hours and close its office on the days specified by the Office

661 6664-5 www.indoramaventures.com Ref.No.IVL001/04/2019 3rd April 2019 President The Stock Exchange of Thailand Subject: Report on the Completion of the Acquisition of 83,000,000 newly issued shares

funds which have invested or held equity instruments issued by PTT Public Company Limited: (1) mutual fund excluding ETF; (2) provident fund. Clause 2. In case where the Stock Exchange of Thailand issues

the Incorrect Selling Price or Redemption Price of Investment Units of Open-End Funds _____________ By virtue of Clause 26/1 of the Notification of the Securities and Exchange Commission No. KorNor. 46