expansion for the year 2018 to be 4.5% from earlier projection of 4.2%. Despite the improving economy, there are challenges ahead namely 1) Structural changes in Thai economy, particularly high level of

our fibers business to achieve Assets full potential and Operational excellence across 13 sites of Combined PET and Integrated Oxides and Derivatives segments. As we look ahead for 2020, we feel

obsolete inventories in 2018 amounted to 1,080 million baht, go up from 968 million baht in 2017. - Investments in associated companies as of 31 December 2018 were booked at 536 million baht for the

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/2017 gradually im ues increase Urban Srina en the new p expect to ess keep go e channels Page 5/5 ompanies in distribution ore market anagement 000 million n in 2017. a market to collection 7. mprove by

time outside as well as its strength as being a media that reaches consumers when they are on the go and creating brand awareness to an extensive reach. On the contrary, Thailand's advertising industry

increased over the past few years, benefiting from the shift in people’s behavior to spend more time outside as well as its strength as being a media that reaches consumers when they are on the go and

1 MD&A 3Q 2018 (ended 30 September 2018) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 3Q 2018 6 NOV 2018 MEDIA INDUSTRY Outdoor media has presently become the go-to choice for advertising. It’s

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epidemic prevention and if any flight is allowed to travel into Thailand, passengers must go into the 14 days state quarantine as the policy of the Sor.Bor.Kor., which directly affect the main customer group