commercial bank. (6) Factors Having Impact on Future Operating Results It is anticipated that the economy in 2019 will not be so bright due to the forecast of slowdown in global economic growth. As for

medical service concerning health and esthetics. 2. Overview of operating results in 3 quarters of 2019. Continued from the first Quarter of 2019 until third Quarter, the world economic still be tense from

challenging factors for future performance in 2020 whether the economic volatility and other challenges, which shall impact the Company's performance. The management, therefore, remains committed to the

7,777 respectively. The changes was primarily due to impact of the economic slowdown, Thai Baht appreciation and competition in Samui market. Outrigger Hotels Indicators 2018 2019 %change Quarter 4/2018

investments by the equity method while lower depreciation due to the change in estimating useful lives of assets at Dusit Thani Manila to reflect the real future economic benefits and in line with the Company’s

sectors, which some part mainly comes from export and tourism sectors and internal expenditure rate has gradually expanded as well. These economic situations leaded to quarter 3/201 the Company gained

1 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2017 MD&A FY 2017 (ended 31 December 2017) 12 FEB 2018 MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS Thailand’s economic recovery remained on track and

Information (“MMOU”) (“IOSCO MMOU”) (ข) หน่วยงานกำกับดูแลในกลุ่มประเทศ Organization for Economic Co-operation and Development (“OECD”) (ค) หน่วยงานกำกับดูแลของประเทศที่อยู่ในประชาคมเศรษฐกิจอาเซียน (ASEAN

service concerning health and esthetics. 2. Overview of operating results in the Year 2018. Although in 2018, the global economy as risk from international of political tensions and economic. And the

Company’s management, documents provided by the Company, publicly available information as well as the IFA’s assessment of current economic conditions. Any significant changes to this information in the