influence enterprise value as well as topics that are material to the environment, and the society. Dynamic materiality acknowledges that the materiality of an issue can shift based on anticipated or

12,547 12,416 Gross profit margin (%) 22.84% 25.49% 26.48% Consolidated financial ratios 2018 2017 2016 Financial data and profitability ratios (continuous) Operating expense (include Research and

baht 10,474 12,123 12,547 Gross profit margin (%) 20.47% 22.84% 25.49% ratiosConsolidated financial 2019 2018 2017 Financial data and profitability ratios (continuous) Operating expense (including

expiry of safeguard on alloy steel, and strengthening of Thai Baht, and the current out break of COVID-19 has led to continuous decline in domestic steel prices from second quarter of 2019 and impacted the

-GARCH 1)Construct portfolios Direct & Indirect 2)Examine Dynamic Correlation with Bitcoin after the announcements Dynamic Correlation with Bitcoin Impulse-Response Analysis • One standard deviation shock

30% of cost of rent and services) for shopping mall operations, increased from the same period a year earlier due to the continuous rise in electricity Ft rate since May 2017. CPN, meanwhile, achieved

marginal part, which represents the dynamic behaviour of each individual marginal, and the copula part, which represents the joint dependence among those individual components. Specifically, the REITs

overview of the investment process, which may differ by product, client mandate or market conditions. *Note: The concept of “dynamic materiality” was first introduced by the World Economic Forum (WEF) in

same period a year earlier due to the continuous rise in electricity Ft rate since May 2017. CPN, meanwhile, achieved efficiency gains with the reduction in electricity unit consumption compared to last

backdrop, the Securities and Exchange Commission (SEC), as the capital market regulator, had to adjust its strategic plan and operating procedures in alignment with both the National Strategy and the dynamic