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

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

violation of put call future parity was found over 20% of available data especially short strategy. • After considering total transaction costs, no arbitrage opportunity was found in this year. • In 2556,long

rig h ts re se rv e d . D ig ita l In fra stru c tu re fo r C a p ita l M a rk e t R e v is e d B u s in e s s P ro c e s s : B o n d F ilin g & P rim a ry M a rk e t (d a ta a s o f 2 2 n d S e p te m

the entire second quarter of 2020, while in the second quarter of 2019 it recognized sales of electricity only from ETC’s operations. Also, the Company’s administrative costs and management compensation

Finance costs (78,634) (59,844) (18,790) 31.4 Profit before income tax expense 30,314,909 20,548,312 9,766,597 47.5 Income tax expense (3,752,113) (4,003,551) 251,438 (6.3) Profit for the period 26,562,796

Company and its subsidiaries' cost for rent and service was decreased from 2.42 percent in Q.2/2019 to 1.23 percent in Q.2/2020. Distribution costs and Administrative Expenses The Company and its

Service Cash Fitness Direct Commissions Indirect Commissions - Commission to salesperson Incremental costs of obtaining a contract ? - Incentive to employees based on monthly sales target - Special bonus to

Earnings before expenses 86.93 50.38 -7.35 -3.05 -11.10 -0.01 46.07 50.12 40.86 88.67 Administrative expenses Management benefit expenses Financial costs Income tax expense (12.68) (5.26) (19.15) (0.01

(554) (591) 36 -6% (449) (478) 29 -6% Gross Profit 193 116 77 66% 119 93 26 28% Other Income 3 51 (48) -93% 23 31 (8) -25% Distribution costs (88) (90) 2 -2% (72) (62) (9) 15% Administrative expenses (81