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

(raw material), COGs/revenue ratio of Q1/2019 are at high level. This is because of high stock level carried over Q4/2018.  Increase in cost of sales of are main impact to minus in bottom line. 3 / 4

% respectively. Such growth was soaring depreciation and space’s expenses led by Don Mueang branch boosting high share compared to revenue. The company closed down the branch at the end of May 2018. This will

/ton, dramatically dropped by 414 USD/ton or 40% mainly from international high stock level of palm oil. With downward trend in crude palm kernel oil price has made the average of natural fatty alcohols

by 1.5% YoY due to Kyat currency depreciation (at constant FX, total Myanmar sales would have been +6.8%). Laos grew 7.5% YoY while Cambodia performance was dragged by high stock level with the

due to its lofty international reserves. Meanwhile, Thai and US interest rates and bond yields were declining due to several factors. There were, for instance, political strife between North Korea and

Page 1 of 2 Ref. GEL.CS.012/2561 25th April 2018 Subject: The disposition of warrants to purchase common stock of Millcon Steel Public Company Limited No.4 (MILL-W4) To: President The Stock Exchange

Page 1 of 2 Ref. GEL.CS.003/2561 27th February 2018 Subject: The disposition of warrants to purchase common stock of Millcon Steel Public Company Limited No.3 (MILL-W3) To: Director and Manager The

No. For.16/2018 July 16, 2018 Subject: Notification of the additional investment in M.K. Real Estate Development Public Company Limited To: The President The Stock Exchange of Thailand Finansa Public

No. TorDor. 79/2552 Re: Rules, Conditions and Procedures for Filing of Annual Financial Statements and Preparation of Reports of the Stock Exchange of Thailand _____________ By virtue of Section 16/6