&A 1Q 2018 (ended 31 March 2018) 14 MAY 2018 IMPORTANT EVENTS IN 1Q 2018 - After the first introduction of 21 large-format digital screens (also known as CBD LED network) back in July 2017, MACO has

rose by 13.5% YoY. 2 MD&A 3Q 2018 (ended 30 September 2018) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 3Q 2018 6 NOV 2018 IMPORTANT EVENTS IN 3Q 2018 July - On 18 July 2018, shareholders at

of 90.99 Million Baht, expenditure of the debt resulted from prosecution of 29.04 Million Baht, general capital impairment loss of 2.86 Million Baht, joint venture capital impairment loss of 0.08

per share. IMPORTANT DISCLAIMER The information contained in this document has been obtained from several sources, and Bangkok Commercial Asset Management Public Company Limited (“BAM”) cannot confirm

& ANALYSIS 2018 MD&A FY 2018 (ended 31 December 2018) IMPORTANT EVENTS IN 2018 2018 was another important milestone for MACO as we successfully expanded our media coverage in Southeast Asia through our

. Natural fatty alcohols market in 2019 has slowed down from previous year due to the decline in purchasing power of Chinese consumers who are an important driving force for market, which was affected from US

net profit of THB 2,902 mn, an increase of 2.8% YoY despite higher financing cost from additional interest-bearing debt following the acquisition of GLAND in September 2018. CPN has nevertheless

higher share of profit from joint ventures and associated companies, despite incurring higher financing cost from additional interest-bearing debt following the acquisition of GLAND in September 2018 and

Discussion and Analysis of Business Operation for Q1/2019 Bangchak Corporation Plc. I 5 Important Events in the Quarter  Important change in accounting policy from the International Financial Reporting

The allegation is a consequence of various complaints lodged in relation to the increased debt of THB 26,000 million following EARTH’s submission of the financial statement for the first quarter