Stocks in the news (advanc, bgh, major, ci, mcot, pttep, tcap) 09.08.13

ADVANC AIS curbs ‘bill shock’ for 3G customers using data services – Advanced Info Service (AIS) has introduced an automatic data tariff adjustment to curb “bill shock”, one of 3G users’ worst experiences. The move is also aimed at complying with National Broadcasting and Telecommunications Commission regulations requiring 3G operators to lower their 2G and 3G tariffs by 15%. Data-intensive services such as video-sharing and radio-streaming have sparked new concerns among consumers regarding out-of-control billing. Titipong Khiewpaisal, the senior vice-president for consumer marketing and sales at Thailand’s largest mobile operator, said the iFair system is aimed at easing such concerns. (Bangkok Post, 09/08/13)

Comment: hahahaha!

BGH/MAJOR BGH investing with MAJOR in theater — BGH is to join hands with MAJOR and invest Bt10mn to open Siam Pawalai movie theater. BGH is confident that it will expand the number of its hospitals to 50 by 2015 after opening up to 10 hospitals this year. It will invest Bt7bn to expand domestically and abroad and expects net profit to grow by 12% this year. (Khao Hoon, 09/08/13)

CI Selling assets into property fund — CI is to book gains from sale of assets of Bt410mn to SPWPF in 3Q13 and is confident that profits for the year will be close to Bt2.1bn. The company plans to launch four new projects worth Bt4bn in 2H13. (Khao Hoon, 09/08/13)

Comment: Anything can be sold to property funds it seems

MCOT secures 5 key sponsors for live EPL broadcasts – MCOT, the operator of Modernine TV, revealed yesterday that its plan to broadcast 17 live soccer matches of the English Premier League had attracted five key sponsors. Though those sponsors could not be disclosed, MCOT president Anek Permvongseni said this new revenue could offset its investment in a sub-licensing deal with CTH, the broadcasting-rights holder for the EPL. Under this deal, MCOT has the right to televise 17 live matches per season out of the total of 380 matches through Modernine TV, from next month until 2016. (The Nation, 09/08/13)

PTTEP sales damaged by Montara oil field postponement – PTTEP is likely to marginally fall short of its 2013 sales target. A three-month delay to the commercial start-up of the Montara oil field means it is expected to fall short of 310,000 barrels of oil equivalent a day. PTTEP’s sales are estimated to reach 302,000 boed, Penchan Jarikasem, the executive vice-president for finance and accounting, said yesterday. (Bangkok Post, 09/08/13)

TCAP TBank mulls exit from Siam City Life – Thanachart Bank is considering selling the rest of Siam City Life Assurance to a local insurer after divesting Thanachart Life Assurance to Britain-based Prudential Thailand early this year. (The Nation, 09/08/13)

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