of a possible recurrence of the outbreak in Thailand, have led to severe restrictions on inbound and outbound travel. This has resulted in a massive contraction of the tourism industry, as well as the

in second quarter of 2019 onwards. Shares of Profits: A massive slump in shares of profits of associated companies by THB (72.95M) or (273%) lower from last year which was solely affected by loss in

by the performance of Advance Power Conversion Company (APCON) whose projects had been postponed, as a result; a massive drop in 9 months period by (125.62%). Profit before tax: An increase of 6.40% in

the Group to expand its media offerings on a massive scale. MANAGEMENT DISCUSSION & ANALYSIS 2019 11 Feb 2020 MASTER AD PUBLIC COMPANY LIMITED 2 INTERNATIONAL MARKET – EXPANDING INTERNATIONALLY ACROSS

decreased 30.54 million baht, or equivalent to 9.37% from the same period of previous year due to the Thai economy that slowed down. Spending and government investment were inadequately driven economy

. Meanwhile, the private sectors continued to slow down investment. Private households in various sectors paid more attention on spending because there were still having problem on purchasing power and incomes

sector continued to slow down investment. Private households in the various sectors paid more attention on spending because there were still having problems on purchasing power and incomes which are not

-spending- 11645180214 A report by the Financial Stability Board (FSB) released in February 2022 explicitly outlined the “wealth effect” as a vulnerability, where “changes in the value of crypto-assets might

income of THB 5.54 M or 138% higher in 2Q20 than 2Q19, while 6M20 showed THB 21.54M or 6619% increase from the same period of last year, as a result of massive change in shares of loss and lower expenses

maintained its growth momentum. Similarly, Thailand’s major economic indicators continued to exhibit growth, as evidenced by brighter exports, government spending and private spending on certain items of