. KEY BUSINESS AND STRATEGIC UPDATES 1) ADVERTISING – LAYING A STRONG FOUNDATION FOR GROWTH BY MAKING STRATEGIC PARTNERSHIPS AND CREATING INNOVATIVE PRODUCTS  VGI GLOBAL MEDIA PLC   INTELLIGENT DIGITAL

any fact indicating that the applicant has financial difficulty that may cause any damage or other incidents indicating that such applicant is facing financial difficulty. In addition, there is no any

any fact indicating that the applicant has financial difficulty that may cause any damage or other incidents indicating that such applicant is facing financial difficulty. In addition, there is no any

renovation fees : Remuneration based on the nature, difficulty level for such services, area size, materials selection, and the renovation expertise applied .../4 - 4 - - Construction expenses : Remuneration

, difficulty level for such services, area size, materials selection, and the renovation expertise applied .../4 - 4 - - Construction expenses : Expenses depending on the nature, difficulty level for such

PowerPoint Presentation ©2015 Morningstar, Inc. All rights reserved. Kittikun Tanaratpattanakit Senior Research Analyst Morningstar Research (Thailand) Ltd. Intelligent Financial Planning Decisions 2

. Fama and French, 1993) Motivation Explaining Value Data Results Conclusions Conclusions • “Price is what you pay, value is what you get” – Warren E. Buffett • “Margin of safety” – The Intelligent

, software, and man-day in services - Training fees : Fees depending on the expenses incurred during each training course - Design and renovation fees : Remuneration based on the nature, difficulty level for

bottle was 23.3 MB, an decrease by 12.5 MB or 35% y-o-y mainly due to affect from increase in raw material cost of PET, including to selling price adjustment and its adjustment has difficulty; while this

MB, an decrease by 21.9 MB or 32.8% y-o-y mainly due to affect from increase in raw material cost of PET, including to selling price adjustment and its adjustment has difficulty; while this business