significant rise to the world’s 3rd highest rank with 86 scores, from No. 15 with 75 scores in the preceding year. Such development was a result of the improvement in the Ease of Shareholder Suits Index

interpretation of the “Executive” in relation to “person holding executive position in Accounting or Finance Department whose rank is not lower than departmental manager” ​ Regarding the Notification of the

or Finance Department whose rank is not lower than departmental manager” ​ Regarding the Notification of the Securities and Exchange Commission No. Kor Jor. 17/2557 Re: Determination of Definitions in

กลุม่ กราฟแสดงสดัส่วนการลงทุนในปัจจุบนัท่ี Standardized แลว้ Investor types Mean Rank of mean within same investor types Rank of mean across investor types Cash Holder Old- Fashioned Modern Investor Cash

of boat and minibus made by aluminum for 2nd quarter of 2019 in the amount of 19.15 million. 2. The company’s cost of sales and services in the amount of Baht 358.72 million or 73.66 percent of its

and distribution of boat and minibus made by aluminum for 1st quarter of 2019 in the amount of 54.18 million while the 1st quarter of 2020 still has no revenue due to being in production. 2. The

design and distribution of boat and minibus made by aluminum for Q3/2019 in the amount of 45.86 million, increased from Q3/2018 the company’s income in the amount of Baht 11.44 million. 2. The company’s

Persistence of Performance http://www.sec.or.th Empirical Paper Methodology Evidence Sharpe (1966) Spearman rank correlation Yes Jensen (1968) Jensen’s alpha No Grinblatt&Titman (1989,1992) Jensen’s alpha Yes

. 1.3 The company’s income from design and distribution of boat and minibus made by aluminum for 1st quarter of 2019 in the amount of 54.18 million. 2. The company’s cost of sales and services in the

include:   - disclosure of additional information to cover individual remunerations for executives of the highest rank, e.g., chief executive officer and managing director;    - extending the periods for