site for supporting continuity of operation. Such alternative site should not use the same source of infrastructure as the main office, should have a location distant from the main office sufficient for

may arrange an alternative site for supporting continuity of operation. Such alternative site should not use the same source of infrastructure as the main office, should have a location distant from the

the Group to expand its media offerings on a massive scale. MANAGEMENT DISCUSSION & ANALYSIS 2019 11 Feb 2020 MASTER AD PUBLIC COMPANY LIMITED 2 INTERNATIONAL MARKET – EXPANDING INTERNATIONALLY ACROSS

implementing a response plan and is continuing to monitor the situation closely in order to conduct the appropriate measures. Hospitality Business The hospitality segment is taking a massive hit, with 53 out of

to conduct the appropriate measures. Hospitality Business The hospitality segment is taking a massive hit, with 53 out of 57 hotels in our portfolio temporarily closed since the second half of March

travel will return driven by millennial travellers hungry for new experiences. The massive populations of China and India – both with bourgeoning middle classes – will continue to be huge source markets

ัญญาที่ส่งมอบเดือนไกล (Distant Contract) จะมีราคาต ่ากว่าสัญญาเดือนใกล้ นัน่หมายถึงราคา NR มี แนวโน้มที่จะปรบัลดลงในอนาคต โดยผลกระทบจากการไหลออกของเงนิทุนใน ตลาดซื้อขายล่วงหน้า ท าให้ราคา TSR20 ในเดอื

considering advantage of receiving financial assistance from Mahachai Group at the period of time and situation that the Company faces with massive losses and unable to receive financial assistance from any

and mortgage-backed securities will be allowed to roll off gradually without reinvestment, in order to reduce its massive balance sheet. Meanwhile, the Eurozone, Japan and several other Asian countries

, due to the massive decline of Gasoline/Dubai (UNL95/DB) crack spread in this quarter. Hence, running the refinery at high utilization rate would not be economically sound, thus crude run was optimized