2016 2017 DW Trading Value (Mil. THB) Index DW Trading Value (Mil. THB) Recall: Option price consists of 2 components. Intrinsic value + Time (betting) value 5 Factor Calls Puts Note Asset price (S

million or 83.9% compared to the same period last year, primarily due to world-wide travel restriction especially by the commercial plane since the end of March up to now resulting no international traveler

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

intrinsic value of the assets and business based on historical and potential earnings and cash flow of the business. It has been valued by a range of valuation methods including relative valuation as

-plane substation project of Bt96.4 million, Hydrant equipment of Bt1,052.2 million, Concession of a subsidiary of Bt473.4 million and Right to use leased land related to concession agreement of Bt29.7

agreements was of Bt1,481. 5 million which comprise of Into- plane substation project, Aviation Fuel pipeline equipment, Concession of a subsidiary and Right to use leased land related to concession agreement

concession agreements was of Bt1,578.6 million which comprise of Into-plane substation project of Bt88.0 million, Aviation Fuel pipeline equipment of Bt1,009.4 million, Concession of a subsidiary of Bt454.1

2.1.3 Project costs under concession agreements was of Bt1,578. 6 million which comprise of Into-plane substation project of Bt88. 0 million, Aviation Fuel pipeline equipment of Bt1,009. 4 million

31, 2018 2.1.3 Project costs under concession agreements was of Bt1,554.6 million which comprise of Into-plane substation project, Aviation Fuel pipeline equipment, Concession of a subsidiary and Right

plane cost Baht 26.27 For the sec main reaso period of l plant cost i Baht 12.21 reasons for from sales an x-month of 2 of printing b increase in re mpany holds by Baht 123. ion. cond quarter on was from