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

3 2) J0"+3- 01 1. '(&' )' (Equity and Equity-Linked Instruments) "# 3"# &'R&"# $# !.$ #(* 3 0 "# 1 .. 54 27 1.1 .#I / .# 4 (common stock / preferred stock) 1.1.1 .( SET 50 3."'+3 S(' large

risk Specific risk SET 50 individual stock/ หุ้นต่างประเทศ ในกลุ่ม large market capitalization 8% 12% Non SET 50 individual stock/หุ้นต่างประเทศ นอกกลุ่ม large market capitalization 10% 20% สินทรัพย์

This paper investigates if risk seeking investors substitute gambling activities for stock markets participation when volatility increases in stock markets. Using a large cross-section dataset of 20

market risk และ specific risk ของตราสารทุนและเทียบเท่า หุ้น General market risk Specific risk SET 50 individual stock/ หุน้ต่างประเทศ ในกลุ่ม large market capitalization 8% 12% Non SET 50 individual stock

. Most of the large stock exchanges are now profit maximising and themselves publicly traded joint stock companies that operate in competition with other profit maximising stock exchanges and trading

gross profit margins resulted primarily from the company's efficient production cost controls and last year the company had sold a large number of products at low price to reduce stock, while the

- 1 - AIT (VP-SEC) 024E/2019 August 8, 2019 Subject: Management's Discussion and Analysis of Operating Results for Q2-2019 To: The President of The Stock Exchange of Thailand Summary of Operations Q2

% 0% 0% Fixed Income Money Market Thailand Equity Property Fund Foreign EQ Allocation Commodities ETF Miscellaneous 2 Thai Mutual Fund Industry 68% 12% 20% 74% 21% 5% Equity Large-Cap Equity Small/Mid

’ Meeting Attn.: President of the Stock Exchange of Thailand CH. Karnchang Public Company Limited hereby notifies the Stock Exchange of Thailand that the Board of Directors’ Meeting No. 4/2017, held on August