and David Dodd in 1934 • Finding price-intrinsic value discrepancies in the market • Various price-based ratios and future stock returns ⋄ Earnings-to-price ratio (Basu, 1977) ⋄ Dividend-to-price ratio

sold and expenses: Consolidated Unit: Million Baht Information of period Value Change Compare total income Value Q3.2019 Q3.2018 Amount % Q3.2019 Q3.2018 Q3.2019 Q3.2018 Cost of goods sold 230.87 247.98

value of the associate and joint venture 10.76 -0.87 11.63 N.A. 2 already accomplished the commencement of commercial operation for the 1st phase 50MW from totaling 220 MW. 2. Cost of goods sold and

year 2018. 2. Cost of goods sold and expenses : Consolidated Unit: Million Baht Information of period Value Change Compare total income Q2.2019 Q2.2018 Amount % Q2.2019 Q2.2018 Cost of goods sold 209.71

. (approved by the Office of the SEC) Valuation for accounting purposes on December 20, 2018 Government Land Appraisal Price : 28,605,000.00 Baht or 500,000.00 Baht/rai Cost of Purchase Value : 11,600,770.70

by 20.8%. This represent net profit margin of 0.91%. The major reasons for the Company’s net profit increasing were the Company can achieve a higher total revenues and gain from fair value adjustment

%. The major reasons for the Company’s net profit increasing were the Company can achieve a higher total revenues and gain from fair value adjustment on investment property. Thus, the details of the

. ** Recoverable amount as at the agreement date is calculated on the project value by cost approach at the shareholding proportion 80%. Basis used in Value Measurement The price negotiation between the buyer and

that this transaction is appropriate in light of price and conditions since the value of consideration of KMM is higher than the assessed price. Also, the Company will be recognized the profit in

. Other income Baht 17.85 million decreased from the last year Baht 1.35 million or 7.03%. 2. The company had the cost of sales and service Baht 694.48 million increased from the last year Baht 7.11 million