, methods used must be done with speed, transparency, low costs with participation of all related parties.

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

operate such businesses with reasonable costs because the current licensing regime under the Ministerial Regulation is securities license which includes various groups of securities business and all

and services 283,641 318,018 (10.8%) Operating expenses 250,591 181,112 38.4% Finance costs - Interest expense 3,105 1,356 129.0% Net profit 10,948 165,285 (93.4%) Revenue from the hotel income for the

%) Operating expenses 140,676 159,411 (11.8%) Finance costs - Interest expense 6,969 2,398 190.6% Net loss 159,760 2,679 5,863.4% Revenue from the hotel income for the third quarter ended 30 September 2019

expenses 132,966 171,956 (22.7%) Finance costs - Interest expense 5,013 2,367 111.8% Net loss 163,997 30,951 429.9% Revenue from the hotel income for the second quarter ended 30 June 2019 decreased by Baht

Revenues 328.83 260.25 26.35 Total Expenses (314.18) 252.54 24.41 Finance Costs (4.83) (5.52) (12.50) Profit before Income Tax Expenses 9.82 2.2 346.4 Income Tax Expensed (533) (294) (81.29) Net Profit 9.29

352.57 (26.18) Total Expenses 252.54 (326.57) (22.67) Finance Costs (5.52) (6.11) (9.66) Profit before Income Tax Expenses 2.2 19.90 (88.94) Income Tax Expensed (2.94) (3.83) (92.43) Net Profit 1.91 16.07

Expenses (369.97) (314.18) 17.76 Finance Costs (4.69) (4.83) (2.9) Profit before Income Tax Expenses 15.43 9.82 57.13 Income Tax (Expensed) (2.52) (533) 373.36 Net Profit 12.91 9.29 38.97 Total Comprehensive