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

impact of Stock Gain/(Loss) and NRV Management’s Discussion and Analysis Global Green Chemicals Public Company Limited | 3 sales volume was increased. However, sales revenue of Fatty alcohol business

% Note : (1) Adjusted EBITDA refers to EBITDA excluding impact of Stock Gain/(Loss) and NRV Operating performance comparison between 3Q2018 vs. 3Q2017 Fatty Alcohol Business Unit recorded THB 1,334 million

million from Thai Ethoxylate Co. Ltd., (TEX) a subsidiary of GGC, producing Fatty Alcohol Ethoxylate (Derivative product of FA). As a result, the GGC announced net profit for FY17 of THB 521 million (down

million, decreased by THB 245 million or 85% from the same quarter of the previous year, despite, fatty alcohol business had contributed EBITDA of THB 156 million. This was because the methyl ester business

: Directors and Manager, The Stock Exchange of Thailand N.D. Rubber Public Company Limited (“the Company” or “NDR”) would like to present the MD&A for the Three-Month period ended 31 March 2020 which was

) which producing Fatty Alcohol Ethoxylate (Derivative product of FA), and was also benefited from the THB depreciation from 31.2 THB/USD in Apr 2018 to 33.2 THB/USD in Jun 2018 (depreciated by 6

% yoy) because EBITDA from FA business was lower due to stock loss as CPKO price drop. Moreover, the company recognized profit of THB 20 million from investments in the Thai Ethoxylate Company Limited

lower stock loss. As aforementioned, the company realized net profit of THB 22 million, a decrease of 66% compare to 1Q2018. As of 31 March 2019, the company has total assets in the amount of THB 12,799

a negative social impact related to alcohol, gambling, tobacco and weaponry are excluded CASE STUDIES 9 ICBC’s first green bond ▪ Industrial and Commercial Bank of China (ICBC), the largest bank in