that, in bear market conditions, an increase in price induced by a buy trade is mostly temporary, but a decline in price following a sell trade is mainly permanent. Therefore, our results invalidate the

equilibrium stock value, and midquote at 60 minutes later as the post-trade equilibrium stock value. – TPI = ln(executed price/midquote) for buy. – TPI = ln(mid-quote/executed price) for sell. – PPI = ln(mid60

were results of declining in modern trade market and HORECA (Hotel, restaurant, catering). While traditional trade presented improvement comparing to Q3/2016. ● The company presented net profit in Q3

cannot be sold at market price. Moreover, subsidiary of UWC located at Buriram Province started to 2 sell electricity as a result, the cost is higher than normal operation at the meantime quarter 1-2018 no

outstanding buy orders and sell orders for a specific security or financial instrument, organized by price level. • Derivative warrants (DW): proprietary instruments issued by eligible issuers that give holders

0 s h a re s VOL BUY VOL SELL Motivation • But imbalances – defined as buy volume minus sell volume – only occur at some prices. 2.00 5.00 10.00 25.00 -1,500 -1,000 -500 0 500 1,000 0 .0 1 0 .1 9 0 .3

the end of 2017 equal to 40.3 million baht or 1.6 percent due to a higher in cash and cash equivalent, trade receivable, property development costs from property for sell and deferred tax asset

paid. (See more details in Statement of cash flows) Trade accounts receivable As of 31 December 2018, the Company and subsidiary has trade accounts receivable amounted to Baht 1,041 million, deducted

Directors No. 2 / 2019 of Advanced Connection Corporation Public Company Limited ("the Company") held on 25 February, 2019 . There was a resolved to approve the contract to sell all ordinary shares held by

, while a new crop season has delayed and just started in the end of Q2/2017 o Branded domestic sales of fruit juices dropped by c.30% due to the Company’s less sell-in to reduce inventory at trade stores