community mall also has some impact on the growth slowdown in retail sector. However, the Company was able to maintain the occupancy rate of the rental space at a good rate. In addition to diversify its

spending and large cloud projects. AIS enterprise continue the focus on core connectivity products, strengthened through partnerships aimed at delivering higher returns in targeted industries. Market and

that the Company provided for clients in mobile operator sector. In addition, gross profit from digital so- lutions was THB 13.42 million, increased by THB 7.77 million or +137.65% YoY. The gross profit

of the meeting relation to the acquisition land and buildings at Chiengrai and paying off with shares of WCI Holding PCL., held by EFORL. To: President The Stock Exchange of Thailand CC: Secretary The

was Baht 0.1 million, decreasing -38.6% YoY as clients in property development sector cut their media spending due to the situation of Coronavirus disease 2019 (COVID-19) outbreak. Gross loss was Baht

allocate more of their advertising budget towards the out-of-home sector, in order to benefit from and keep abreast of these trends. Master Ad Public Company Limited (“MACO”) is well-positioned to benefit

LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q3/2018 2 2. ECONOMIC SITUATION Thai economy in Q3/2018 continuously grew. Export-oriented manufacturing businesses expanded for specific sector, automobile

world trade volume. In addition, tourism sector and the agricultural sector expanded continually, as well as improvement in public consumption and private investment. While, public investment declined. As

the previous quarter, according to data from Bank of Thailand and NESDB. This was mainly from acceleration of export sector and tourism sector continued to recover. In addition, the household

expanded at a slower pace compared with the same period last year due to a contraction in merchandise exports resulting from uncertainty in the trade policies of major countries and the Baht’s ongoing