MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 7 AUGUST 2019 MASTER AD PUBLIC COMPANY LIMITED NATIONWIDE COVERAGE 1 QUARTERLY BUSINESS REVIEW – 2Q 2019 Consolidated revenue increased by 161.5% YoY to THB
foreign company. “holding company” means a foreign company whose core business is holding shares of other companies and none of significant manufacturing, distribution or service. “Thai company” means a
not affect any operations; (c) perform an audit of information systems outside business hours if such audit could affect system availability. Chapter 5 Additional Criteria _________________ Clause 24 An
operations; (c) perform an audit of information systems outside business hours if such audit could affect system availability. Chapter 5 Additional Criteria _________________ Clause 24 An intermediary shall
for up to an additional 5 years. The construction of the project has progressed 99.29% (The construction plan was 99.16%). The commercial operation date is scheduled in the fourth quarter of 2019
power and increased price competitiveness. For the business outlook for Q3/2020, the trend of the Thai economy is expected to contract compared to the same period of 2019 from the COVID-19 pandemic
Eastern regions contracted compared to the same period of 2019 due to the global economic slowdown and the COVID-19 pandemic, which are major negative impact to confidence and revenue of all business
licensed to undertake derivatives business in the category of derivatives brokerage. “ assets of client ” means: (1) assets which a derivatives broker receives or holds as collateral for satisfying
undertake derivatives business in the category of derivatives brokerage. “assets of client” means: (1) assets which a derivatives broker receives or holds as collateral for satisfying obligations under