Investor Return – Mind the Gap ©2015 Morningstar, Inc. All rights reserved. Kittikun Tanaratpattanakit Investor Return – Mind the Gap Agenda 2 gBackground g The Real Test is Whether Investors Succeed
number of KAMs, the higher cumulative abnormal returns/trading volumes). Literature review- Type of KAMs Different types of KAMs may have different effects on investor reactions because they have different
tally with consolidated financials due to holding segment. 3Core EBITDA is Reported EBITDA less Inventory gains/(losses). 4Core Net Profit is Reported Net Profit less Inventory gains/(losses) and one-time
reflects the release of built-up inventory in China during the quarter. Final demand in both segments is resilient. IVL reported a higher OCF of US$265M in 4Q19 driven by lower working capital requirements
may not always tally with consolidated financials due to holding segment. 3Core EBITDA is Reported EBITDA less Inventory gains/(losses). 4Core Net Profit is Reported Net Profit less Inventory gains
Loan to Value regulations (LTV) on 1 April 2019 caused a slowdown in real estate development sector. The LTV generally focused on controlling and carving out real estate speculator and investor. The
2Q17 were Baht 57.14 million, increased from 2Q16 and administrative expenses for 1H17 were Baht 112.19 million, increased from 1H17. The increase was attributed to the difference in inventory reserve
, registering a growth of 45% QoQ and 21% YoY), positive contract adjustments and inventory gains Our company-wide cost and business transformation, Project Olympus, yielded US$67M during the quarter, on track
Reported EBITDA less Inventory gains/(losses). 4Core Net Profit is Reported Net Profit less Inventory gains/(losses) and one-time extraordinary items. 5Operating Cash Flow is after change in net working
of more stringent supervision in line with international standards as well as international recognition of the SEC’s auditor supervision are increasing investor confidence in financial reports and