but not least, 4.) other supporting factors, namely public and private investments, were given a brighter outlook as the direction on the Eastern Economic Corridor (EEC) becomes clearer, which will also

referencing from the cashflow generated from the performance of the business operation of EG and WG, and the business expansion which shall be expectedly in the same direction with the BTS Sky Trains system’s

objective, purpose, or strategy of operation or procurement of benefit of REIT for investor’s understanding and use it as guideline for monitoring REIT business operation direction in the future; 2.2

the second half of the year. However, government expenditure was slightly decline as well as the contraction on agricultural and construction sector. The Thai economy in 2018 is expected to expand more

THB 6.99 million which has decreased by THB 36.92 million or 84.08% from the 1st quarter of 2014 was THB 43.91 million, because of decline in the demand for goods. 3. Ports and Terminal Services and Ice

IVL as a whole in 2019. o Sharp decline in crude prices (high of $ 83/bbl in 3Q18 versus low of 54/bbl in 4Q18) as we entered in to the weak season led to accelerated destocking in the integrated PET

1 MD&A 2Q 2017 (Ended 30 June 2017) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2017 1 AUG 2017 MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS Advertising spending reported a decline of 1.4% QoQ

, decreased by 44.20 million Baht mainly from the advance payment of the project under construction, which would gradually decline following to the progress of the project. 2) Liabilities At the end of June 2 0

Trade and Current Po Current Po Short-term Other Curr Debentures Other non- Total non-c Total Share Assets As of the p higher tha investmen Liabilities As for the baht more term loan decline by times and

as at 31 December 2016 of Baht 2,629 million. The increase is due to the net profit for the period of Baht 315 million. On the other hand, the decline is due to dividend paid to the 6 Company’s