the East. 2. With minimal area renovation, the finished product can be stored and be processed in prompt time. 9. The commitment of committee and the audit committee (who be VNG’s committee with

location where is able to effectively manage product distribution to company’s branches in the East. 2. The finished product can be stored and be processed in prompt time. 9. The commitment of committee and

1 MD&A 2Q 2018 (ended 30 June 2018) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2018 6 AUG 2018 MEDIA INDUSTRY In recent years, advertising industry has witnessed the shift in the media

promotional activities to prompt customers’ spending, such as organizing the HomePro Fair at Muangthong Thani and in Hat Yai, as well as the ‚23rd Anniversary Day‛ campaign during 29th August – 29th September

on detecting, arresting, prompt proceeding and imposing proportionate sanctions, to build trust and confidence in the capital market. SEC Assistant Secretary-General Kumpol Sontanarat gave a

% YoY. Nevertheless, Outdoor media - our focus segment- recorded THB 1,525mn in advertising expenditure, an increase of 3.8% QoQ and 11.0% YoY, benefiting from a shift in people’s behavior to spend more

เหตใุห้บริษัทจ าเป็นต้องปรับกลยุทธ์ในการด าเนินงานใหม่ โดยก าหนดปี 2560 เป็น “ปีแห่งการปรับเปล่ียน” (Year of Shift) ภายใต้สภาวะถดถอยขององค์กร บุคลากรของทัง้องค์กรตัง้แต่ ผู้บริหารระดบัสงูจนถงึพนกังานทัว่ไป

continuously increased over the past few years as evident from an acceleration of its advertising expenditures by 3.6%1 YoY to THB 1,678mn in 3Q 2017, benefiting from the shift in people’s behavior to spend more

outflow for PPE and interim dividend pay out in Feb’19. Current investment decreased by THB 904 million due to the shift from short-term to long-term investments (see more details in notes to financial

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