Comments on: “Trading costs on the Stock Exchange of Thailand” Authors: Charoenwong C., Ding D.K., Jenwittayaroje N. Comments on: “Risk-taking behaviour during downturn: evidence of loss-chasing and
* (%) 75.8% 62.9% Debt to equity (times) 1.0 0.8 Assets turnover* (times) 0.5 0.4 Remark: financial ratios were calculated based on The Stock Exchange of Thailand’s formula. *The Company didn’t restate the
management for the year 2017 To: President Stock Exchange of Thailand The Company would like to clarify the following reasons for changes to profit (loss) in the consolidated financial statements for the year
in 20172, mainly due to an ongoing postponement of festivities subsequent to the mourning period over the passing of His Majesty King Bhumibol Adulyadej and the shrinkage of advertising spending in a
. 5. General Characteristics of the Transaction Transaction Type: Acquisition or Disposal of Assets of Category 2 as classified following the Notification of the Stock Exchange of Thailand Consideration
spend on advertising and slow down to increase marketing budget according to Thailand’s mourning period of King Rama 9. However, customers who focus on content services are continue to advertise. 4) Other
of Governors of the Stock Exchange of Thailand Reference is made to the resolutions of the Board of Directors’ Meeting No. 6/2018 of Master Ad Public Company Limited (the “Company”), held on May 17
renovation of three hotels under Dusit Thani brand, and caused by a temporarily weaker demand from catering and convention during the mourning period and the royal funeral of King Bhumibol Adulyadej. Earnings
outlook for 4Q17 should be positive compared to last year after passing the mourning period and Royal Cremation Ceremony since the end of October 2017. For hotel renovations, the Company already completed
Page 1 of 2 Ref. GEL.CS.012/2561 25th April 2018 Subject: The disposition of warrants to purchase common stock of Millcon Steel Public Company Limited No.4 (MILL-W4) To: President The Stock Exchange