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
Company did not sell crude glycerine since the 4th quarter of 2018 in order to use them in Refined Glycerine’s production. Therefore, the Company had to realizes the allowance for the diminished in value of
1st quarter of 2020, the Company had the ratio of cost of sales to revenue from Refined Glycerine for 154.86 % since the Company did not sell crude glycerine since the 4th quarter of 2018 in order to
1st quarter of 2020, the Company had the ratio of cost of sales to revenue from Refined Glycerine for 154.86 % since the Company did not sell crude glycerine since the 4th quarter of 2018 in order to
administrative expenses etc. THB 106.05 million Cash conversion cycle on a monthly basis. Remark: *Sell of crude oil will accept the credit term of 15-30 days. Opportunity for revenues growth The Company shall
and its subsidiaries recorded total EBITDA of THB 2,514 million (-38% YoY, -38% QoQ), the performance softened, especially for Refinery Business, which was affected by the continuously lowering crude
. Total GRM increased by 5% YoY and 17% QoQ from the improved Market GRM that rose due to significant increase of production after the turnaround maintenance (TAM) , combined with crude cost that benefited
). Total Gross Refinery Margin (Total GRM) rose 67% YoY and 26% QoQ, while Market GRM lowered from the decreasing production volume. Moreover, the average crude price adjusted upward in the quarter, leading
market, where the oil business is in on a downward trajectory following slowing global economy due to the trade war between the US and China. The Dubai crude price in 2019 averaged at 63.51 $/BBL, a
affected by the decline in most of the finished product and crude oil crack spreads, as a result of the oversupply situation in finished oil products, and the anxieties over the trade war between the US and