unexpected event in Malaysia, where a government-linked sector that is one of our major clients in airport advertisement has cut back its spending due to the country’s sluggish economy, leading to

offsetting the increase in SG&A spending. Q2’19 cash cycle of 31 days, compared with 38 days in Q2’18, came from lower number of days of inventory. High current ratio was at 2.1 times, as the Company had a

OOH media accounted for approximately 50 percent of Thailand’s OOH advertising spending.1 IMPORTANT EVENTS IN 2017/18 Transit in Thailand  The Company successfully implemented the Offline-to-Online

optimize the cost to serve customers while ensuring an effective spending on marketing campaigns. As a result, we expect EBITDA margin (excluding equipment rental) to stay in a range of 45-47%. All

anticipate that advertisement spending will benefit from macroeconomic upswing and positive sentiment. The growth of e-commerce is expected to increase by 30%2 per year driven by the ever-changing lifestyle of

delay of Government spending of Infrastructure project. In addition, the influx of Galvanized products from China and Vietnam also affect to HRC market as well. To cope up with the aforesaid issue, we try

network and service. This resulted in overall network OPEX ( excluding cost of TOT partnership) to stay flat YoY or remained at 8% of core service revenue. The focus on effective spending amidst intense

operation for several consecutive years. Causes are from change in media consumption behavior from print media to online media and overall economic slowdown, which result in a decline in ad spending on print

well as the consolidation of our Nguyen Kim business in Vietnam. Overall SSSG in hardline segment decreased, primarily due to declines in overall customer spending in Thailand, particularly product in

adapt their lifestyle to the prevailing situation that has emerged recently (New Normal), and to protect themselves from the pandemic. Consumers are spending more time at home, resulting in higher demand