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
million Baht from the investment made by two investors, namely Apollo Asia Sprint Holding Company Limited and Goldman Sachs Investments Holdings (Asia) Limited in two subsidiaries which were Pace Project
and PP3 entered into Investment Buy-Out Agreement with Apollo Asia Sprint Company Limited (“Apollo”) and Goldman Sachs Investments Holding (Asia) Limited (“Goldman”), (investment partners) in order to
Asia Sprint Holding Company Limited (“Apollo”) and Goldman Sachs Investments Holdings (Asia) Limited (“Goldman”). The total amount of the purchase is, not exceeding, USD 320 million or, not exceeding
the Company, respectively from Apollo Asia Sprint Holding Company Limited (“Apollo”) and Goldman Sachs Investments Holdings (Asia) Limited (“Goldman”). The total amount of the purchase is, not exceeding
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
investment partners: 1) Apollo Asia Sprint Holding Company Limited, and 2) Goldman Sachs Investments Holding (Asia) Limited which own a combined 49 percent stake in The Bangkok Edition Hotel, Rooftop Bar