Stocks in the news (anan, dtac, egco, match, pttgc, rojna, spcg, tks, tmb) 30.07.13

ANAN Buying more land for a luxury condo — ANAN is investing Bt1.417bn to acquire a new land plot to develop a luxury condominium project worth Bt6.5bn and expects presales to start in 4Q13 with transfers in 2016. The company said revenues will grow by 100% this year and expects transfers for 2013 to amount up to Bt12bn. (Khao Hoon, 30/07/13)

Comment: This company still has a lot to prove in terms of ability to deliver consistent earnings when compared to stalwarts such as LPN, LH, and PS

DTAC: Eyes 3G switch. targets complete migration by 2016. Total Access Communication Plc, the operator of DTAC, has set an ambitious goal of migrating all 2G customers to the 3G network within three years. The country’s second-largest mobile operator believes about 80-90% of the 80m total mobile subscribers in Thailand will shift to 3G technology by 2014. The number of 3G users is expected to reach 26m this year. Pakorn Pannachet, senior vicepresident of DTAC, said up to 3.5m customers have already asked to migrate to 3G services on the 2100MHz spectrum after a commercial service launch last week. DTAC has 26m subscribers. “Our 3G customers are expected to reach 10m by this year-end, doubling to 20m by 2014,” said Mr Pakorn. “We expect to migrate all of our 2G customers by 2016.” (Source: Bangkok Post)

Continue reading Stocks in the news (anan, dtac, egco, match, pttgc, rojna, spcg, tks, tmb) 30.07.13