upgrade to increase sales area for high- margin products instead of store expansion The Company has successfully minor renovated 3 Index Living Mall stores to increase sales area for high-priced and high
% YoY, and 12% QoQ resulted from a lower sale volume of high-priced devices. The profit margin from selling SIM and device stood around -4.2% in 3Q19, similar to previous quarter. Cost & Expense Cost of
returns by taking on more market risk deliver less risk- adjusted returns on average. This result echoes the stock-level finding by Saengchote (2017) that Thai stocks with high betas tend to have low alphas
on Return Long-term Return 5 From high to low fees: trigger, small-cap, large-cap, and index funds. Large-cap is the largest segment but more expensive funds with poorer performance have been selling
information and calling of additional shareholders? meetings which is not only costly but also affects plan of the companies in certain cases. The revised CMSB regulations will bring about more efficiency of
replace the current regime whereby each license represents a bundle of business undertakings, which proves to be costly to licensees. The revision would allow more flexibility and support future types of
; Aerts & Zhang, 2014) 5 Patterns of Earnings Management • Income minimization/ Taking a big bath - during periods of high profitability - during the crisis (Kousenidis et al. , 2013) - to avoid political
volume among retail investors, 2. The imbalances are more prevalent among lower-priced stocks (below 50 Baht), 3. TO and MO imbalances tend to have opposite signs for retail investors at threshold prices
Factor Bets Active Share Tracking Error0 Low High Low High Active share is a well recognized approach to measure how active the portfolio management. Active share can be used together with tracking error