ADVANC

AIS tries new approach for roaming fees – Advanced Info Service (AIS) is introducing an unlimited mobile chat package to ease consumer fears over exorbitant international roaming fees when using their phone overseas. (Bangkok Post, 08/10/13)

CMO

New venture with Zaap — CMO announced a joint venture with Zaap, called CMO-Zaap, a new company that plans to venture into the concert and entertainment business. It expects this JV to add Bt30mn to CMO’s revenue by 2014. (Khao Hoon, 08/10/13)

CPF

Dory to bring in US$40mn in 2014 — CPF hopes to earn US$40mn (Bt1.26bn) from the sale of 15,000 tonnes of Pangasius dory next year, a 67% increase from this year. Shrimp exports this year were halved by EMS, cutting earnings from shrimp this year to Bt10bn from last year’s Bt16bn, a 10-20% decrease YoY. (Khao Hoon, 08/10/13)

MC

MC Group buys 51% stake in Time Deco – Mc Group Plc, the manufacturer of Mc jeans, has bought a 51% stake in Time Deco Corporation, a distributor of imported fashion watches, for Bt210mn to diversify its portfolio and speed up its plan to double sales within the next four years. (Bangkok Post, 08/10/13)

Comment: I’ve met TimeDeco’s management in the past and they do have a wonderful stranglehood on the fashion watch industry here in Thailand. Given that TimeDeco is ex-minor group and management of mc group is also ex-minor I’m not surprised to see this deal happen

PHOL

Expects no less than 20% profit growth in 2013 — PHOL has said that this year’s profit growth will not be below 20%, even though revenue is stable at Bt800mn. It aims to expand its business both home and abroad, targeting bottled water business, hoping that the sector will contribute up to 30% of its total revenue next year. (Khao Hoon, 08/10/13)

PTTEP

PTTEP’s gas-processing, living-quarters platform sets sail for Zawtika field in the Gulf of Mottama – PTT Exploration and Production (PTTEP) has launched the Zawtika Processing and Living Quarters Platform (ZPQ), which it says marks another achievement to secure energy supply for Myanmar and Thailand. (The Nation, 08/10/13)

SC

Target reachable it says — SC is confident that sales for 2013 will reach its target of Bt15bn after sales in 9M13 of more than Bt10bn. The company will launch two new low-rise projects worth Bt4bn in 4Q13. (Tun Hoon, 08/10/13)

TASCO

MD sees good outlook for 2H13 — Demand for road tar is approaching its high season, and TASCO’s managing director is optimistic that 2H13 will be good and that 2013 sales target of 1.36mn tons will be met, without any decline in profit margin. (Tun Hoon, 08/10/13)

Comment: The key for this business is its margin management but if they are able to control it well then just wow!