(i.e. ASEAN PLCs that scored 97.5 points and above or 75% of the maximum attainable score of 130); and (iii) Top 3 PLCs in each participating country. ACMF will continue to collaborate closely with the

% of the maximum attainable score of 130); and (iii) Top 3 PLCs in each participating country.  ACMF will continue to collaborate closely with the ASEAN Working Committee on Capital Market Development

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

, science-based or benchmarked against an industry standard (e.g. consider SMART philosophy specific, measurable, attainable, relevant and time-bound). 1 Reference to or inspiration from regulatory standards

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

(science-based) หรือ ค่า benchmark โดยเทียบกบัมาตรฐานของอุตสาหกรรม เช่น พิจารณาหลกั SMART ได้แ ก่ เ ฉพ า ะ เ จ า ะจ ง (specific), สาม า รถวัด /ค านวณได้ (measurable), สามารถบรรลุได ้(attainable), มีความเก่ี

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

สามารถวัดค านวณได้ (measurable) สามารถบรรลุได้ (attainable) มีความเกี่ยวข้อง (relevant) และมีกรอบเวลาชัดเจน (time-bound) ตามหลักปรัชญา SMART) 2. การก าหนดเป้าหมายด้านความยั่งยืน (Calibration of

SMART philosophy: specific, measurable, attainable, relevant and time-bound)). Care should be taken in selecting the KPIs as technological advancements and the regulatory environment change over time.6