2 Background • Development of investment portfolio theory • TPT, MPT and PMPT (Lekovic, 2021) • Modern Portfolio Theory (Markowitz, 1952) • Rational investor • Multiple Assets • Overall risk • The

maintenance (TAM) (from 30 April – 13 June 2018). However, average crude run for the year was in accordance with the target at 102.39 KBD (85% utilization rate), and achieved its all-time high monthly average

OPEC members to lower the production quantity of crude oil, as to stabilize crude oil price. As well as Saudi Arabia’ s desiring to keep oil price at high levels, the rise in oil price levels is

specific quantities and delivery term (Made to Order). This helps the Company to efficiently control inventories aging and procurement that prevent risk from CPO’s prices fluctuation. The decline in crude

Discussion and Analysis | 2 Executive Summary In quarter 3/2017, palm oil production both in Thailand and International Market continuously remained high after the impact from El Nino has ended. Thailand crude

Company Limited Factsheet Information as of XX XX XXXX ABCD Mutual Fund Unit Class SRI Fund Class code Type of mutual fund / Peer group of mutual funds Risk Level Low 1 2 3 4 5 6 7 8 High Risk Profile

Rule”). Currently, the Company focus on the business expansion of the crude palm oil (CPOA) trading business for biodiesel as there is a high potential growth and will partially conducting a trading CPOA

). Table 1 : Performance Summary Table 2 : Adjusted EBITDA Margin In the face of volatile crude palm oil and crude palm kernel oil prices’ movement, both had continued to decrease from quarter 1/2017 due to

crude which provided high yield of Jet fuel and Diesel was left in a state of oversupply. 12 Management Discussion and Analysis of Business Operation for Q1/2020 Bangchak Corporation Plc. | Crack Spreads