. • In other words, firms prefer reporting small profits to reporting losses, showing increasing earnings over previous periods’ earnings, and announcing positive earnings surprises relative to analysts

(k tons) 805 642 1,447 764 48 812 HRC Production Volume (k tons) 808 629 1,436 786 90 876 HRC Average Selling Price (THB/ton) 20,617 20,722 20,663 18,591 20,247 18,690 Year 2018 Year 2017 - Increasing

2017 - Increasing of HRC price: the average selling price of HRC in year 2018 was THB 20,663/ton, increased by 11% as compared with last year (THB 18,690/ton) according to HRC market price worldwide

law and later obtain a license to undertake derivatives business; “Full-service Branch Office” means a derivatives broker’s branch office in Thailand that provides services within the scope approved for

include a financial institution under other law and later obtain a license to undertake derivatives business; “Full-service Branch Office” means a derivatives broker’s branch office in Thailand that

category of securities brokerage, securities dealing, investment advisory services, securities underwriting, but shall not include a financial institution under other law and later obtain a license to

, securities underwriting, but shall not include a financial institution under other law and later obtain a license to undertake securities business; “Full-service Branch Office” means a securities company’s

year. This is result from sale volume was increasing and the world steel price trend increasing from the same period of last year. 2. Cost of goods sold and service of Baht 2,340.92 million or 93.22 % of

shifts in the direction of risk rather than growth as a string has prolonged. This study provides insights into economic implications of a sequentially increasing earnings string for market prices

Page 1 Enclosure 5. Information Memorandum on the Acquisition of Assets of Safari World Public Co., Ltd.; An increasing of investment cost (No. 2) Enclosure 5. Information Memorandum on the