, Nomura Quantitative Strategy research Shifting from active to passive equities, globally. 22 Shrinking market share to 8% for Thai passive equity funds. - 100,000 200,000 300,000 400,000 500,000 2010 2011

volume among retail investors, 2. The imbalances are more prevalent among lower-priced stocks (below 50 Baht), 3. TO and MO imbalances tend to have opposite signs for retail investors at threshold prices

or right of a person arising from derivatives trading. “close out a derivatives position” means to discharge an obligation or terminate rights under derivatives an equal and opposite trade which

overcome this situation such as the adjusting caravan to mobility service center for repairing of the broken screen on mobile phone, shifting its marketing effort to provide caravans in both beach and

are shifting from on premise to on cloud. Revenue from Placement Service For the first 3 months of 2020, revenue from placement service has declined by 2.04 THB mn or 32.08% from the first 3 months of

to overcome this situation such as the adjusting caravan to mobility service center for repairing of the broken screen on mobile phone, shifting its marketing effort to provide caravans in both beach

Morningstar 9 For example, Carhart (1997) and Fama and French (2010) find evidence against skills, while Chen et al. (2010) and Kosowski et al. (2006) find opposite results. These mixed results also highlight

million or 8.7%. Partly came from applying the Accounting Standard by shifting some of the expenses to costs of sale. - Financial costs increased by THB 7.34 million or 9.88% comparing to the same period of

average of crude palm oil price (CPO-DIT) in 2Q2020 was at 22.00 Baht/kg., climbed up by 4.79 Baht/ kg. or 28% compared to 2Q2019 owing to demand growth of biodiesel as mandatory diesel shifting from B7 to

Thai capital market. In the upcoming 2011, we expect the Thai capital market to continue to experience similar factors of high impact - the shifting global economy, foreign capital flows and domestic