March 2018) 14 MAY 2018 MANAGEMENT OUTLOOK In the past few years, MACO has continued to drive the inevitable consolidation of the outdoor advertising industry in Thailand in order to build a stronger

lines of business. The company aims to standardize food and beverage at its worldwide hotels, to develop premium products under the Dusit brand in retail markets globally, to enhance opportunities for

ease this pressure, and with the upward trend in prices, we will continue to expect healthy margins.” 2. Outlook Overall Thai economic activity in the first quarter of 2018 beat expectations with an

(FSMART) 1Q2020 Management Discussion and Analysis 2020 Management Outlook The Covid-19 pandemic has affected economic condition worldwide including Thailand, which severely decrease revenue of both

Equity 46.3% 46.2% 42.0% Financial Ratio 5 Forth Smart Service Public Company Limited (FSMART) 1Q2020 Management Discussion and Analysis 2020 Management Outlook The Company focuses on business adjustment

Forth Smart Service Public Company Limited (FSMART) 3Q2020 Management Discussion and Analysis 2020 Management Outlook Although Thailand is caused by the COVID-19 pandemic that affects a number of sectors

dividend payment, and the decrease in shareholders' equity from treasury stocks. 5 Forth Smart Service Public Company Limited (FSMART) 3Q19 Management Discussion and Analysis 2019 Management Outlook For

operational systems to scale up franchise operations, while the franchise opportunities are expected to be ready by end of May 2020. Q1/2020 Management Highlights Cost-saving initiatives have been carried out

Kong and Thai capital market participants and expand the business opportunities for the cross-border offerings of funds under the HK-TH MRF, following the Memorandum of Understanding between the

known in the fund management industry and looking for the opportunities increasing the number of member countries in order to reach its full potential in the project. In addition, the working group of