11 FEB 2019 1 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2018 MD&A FY 2018 (ended 31 December 2018) MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS The overall Thai advertising market has been
is poised to continue in 2018. The Thai GDP expanded by 3.8% in the first 9 month of 2017, (following the growth of 3.3% in the first 9 month of 2016)1. The growth supported by a marked upturn in
baht per person per day. To this end, Thailand’s upcoming 13th National Economic and Social Development Plan for 2023-2027 prioritizes achieving high-value, eco-friendly economy, society of opportunities
and according to target. In 3Q19, growth in the Thai economy decelerated primarily driven by a decline in export growth from world-trade sluggish effecting from Trade War. However, the Thai economy is
by the Stock Exchange of Thailand or the reference price at the end of the business day prior to the calculation date as announced by the Thai Bond Market Association, Reuters, Bloomberg or the
Champeeratana said: “The landscape of the Thai capital market is constantly changing and becoming more complex. SEC’s role is to lay out directions and policies adaptive to such change and in line with the
at the end of 2019 has resulted in the repercussions on tourism business and international travels; as well as interrupting Chinese supply chain, both inbound and outbound. Meanwhile, the Thai economy
appreciation of Thai Baht against other currencies in ASEAN. Furthermore, the recent outbreak of coronavirus disease (COVID-19) that was first reported at the end of 2019 has resulted in the repercussions on
(UNOFFICIAL TRANSLATION) Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. Notification of the Securities and