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

funds’ stock holdings can provide useful signal for investors. In this study, we show that portfolio of stocks that are not favored by mutual funds tend to perform poorly, with monthly returns of 0.38% to

si ve A ct iv e Investment performance can be attributed from many sources. How to measure active degree of the portfolio? BenchmarkFund 1 Stock X ,Y,Z =30 % Active share Sources: Cremers and Petajisto

661 6664-5 www.indoramaventures.com Ref.No.IVL001/10/2018 1st October 2018 President The Stock Exchange of Thailand Subject: Acquisition of worsted wool yarns business in Europe Indorama Ventures Public

661 6664-5 www.indoramaventures.com Ref.No.IVL002/07/2019 30th July 2019 President The Stock Exchange of Thailand Subject: Acquisition of Speciality Fibers Business of Sinterama Indorama Ventures Public

661 6664-5 www.indoramaventures.com Ref.No.IVL002/12/2018 11th December 2018 President The Stock Exchange of Thailand Subject: Acquisition of Airbag Yarns Business in Germany and Mexico Indorama

661 6664-5 www.indoramaventures.com Ref.No.IVL003/12/2018 20th December 2018 President The Stock Exchange of Thailand Subject: Acquisition of Specialty PET Business in Germany Indorama Ventures Public

No.SN.LK.63.02.0003 February 20 , 2020 Subject: Management Discussion and Analysis for the year ended 31 December 2019 Attention: The President, The Stock Exchange of Thailand Indara Insurance Public

SN.LK.037/2017 November 9, 2017 Subject : Management Discussion and Analysis for the 3rd quarter of 2017 Attn : The President The Stock Exchange of Thailand Indara Insurance Public Company Limited

No. SN.LK 003/2018 February 20, 2018 The President Stock Exchange of Thailand Dear Sir: Indara Insurance Public Company Limited would like to report the company ‘s operating results and submit the