Microsoft Word - S_2019_GRC-02_025_S43 Share Acquisition_EN Page 1 – Translation – GRC-02/2019/025 11 December 2019 Subject: Report of the Asset Acquisition To: President The Stock Exchange of

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

marketed as actively managed funds (94% of our sample), which means that fund managers will attempt to use their skills to outperform the market, whether through stock selection or market timing. While we do

(1984) find that fund managers have no stock selection and market timing ability, concluding that active strategy could not outperform the passive strategy. • Grinblatt and Titman (1994) find that few

performance of an investment over the medium and longer term, and that this analysis should inform asset allocation, stock selection, portfolio construction, shareholder engagement and voting. Responsible

) 8,986 10,171 (1,185) (11.65) 9,428 (442) (4.68) Basic Earnings per Share (Baht) 3.75 4.25 (0.50) (11.65) 3.94 (0.19) (4.68) When compared to the same quarter of the previous year, a decrease of Baht 442

income payer shall be responsible for deducting a 15-percent withholding tax from taxable income which shall include (1) a share of profit or any other benefits of the same characteristics derived from the

, holding the largest market share in new business premiums. All of the above endeavors and satisfactory operating performance, together with sound corporate governance, allowed KBank and K Companies to meet

local stock and bond markets. ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ 2

si ve A ct iv e Investment performance can be attributed from many sources. How to measure active degree of the portfolio? BenchmarkFund 1 Stock X ,Y,Z =30 % Active share Sources: Cremers and Petajisto