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

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

flood control, and wetlands managed to attenuate storm surge or process wastewater effluent. Where water benefits might be classified as co-benefits or supplemental components and functions, the

negotiation between the Company and the Seller and took into account the fundamental intrinsic value of the assets and business based on historical and potential earnings and cash flow of the business. It has

, conflagration, storm or epidemics. 9.5 Human-caused disaster, such as, terrorist, being caught as hostage or cyber attack. BCI Good practice guidelines http://www.thebci.org/ High-level principles for business

organisation. 9.4 Natural disaster aspect, such as, flood, conflagration, storm or epidemics. 9.5 Human-caused disaster, such as, terrorist, being caught as hostage or cyber attack.

infrastructure. • New green technologies. • Increased temperature and changes in wind patterns leading to increased wildfire. • Sea level rise of 0.40m leading to increased flooding and storm surges in coastal

, and extremes in temperature ● Extreme precipitation and flooding ● Drought ● Sea level rise and storm surge ● Strong winds How these affect the asset or site in question will be highly variable and will

corporate value represented by their ROE and operating profit. Indices for Strategic Beta strategies:  S&P GIVI Japan (S&P Global Intrinsic Value Index): constructed by book value and discounted projected