DTAC

DTAC revenue rises on smartphone binge – Total Access Communication, the operator of DTAC, reported a slight increase in its first-quarter revenue, defying the country’s sluggish economy and increased market competition. Service revenue excluding interconnection charges rose by 0.3% in the first quarter of this year, fuelled mainly by the 48.4% increase of mobile internet revenue and the 15.6% increase of its own handset sales. (Bangkok Post, 02/05/14)

Comment: The story with telecoms is and will continue to be dividends

JAS

Good 1Q14 – JAS reported 1Q14 net profits at Bt852mn, up 9.8% YoY, supported by a jump in revenues backed by the increase in new customers of 60k. At the end of 1Q14, total customers stood at 1.48mn. (Khao Hoon, 02/05/14)

Comment: We’re still curious as to how they will be able to do their infra fund

SCC

SCG plans B11bn push into Asean – Siam Cement Group (SCG), Thailand’s top industrial conglomerate, is set to invest more than 11 billion baht to expand its business in Asean, including constructing a greenfield cement plant in Laos for 10 billion baht. (Bangkok Post, 01/05/14)

THAI

THAI seeks new CFO to fix finances – Thai Airways International Plc (THAI) is looking for a new chief financial officer (CFO) to solve its financial troubles which have resulted in huge losses for the national flag carrier. It is the first time in THAI’s 54-year history that its executives have decided to recruit a person for this position from outside the company, air force chief Prachin Chantong, the THAI board chairman, said yesterday. (Bangkok Post, 01/05/14)

Comment: No comment…

AOT

AOT sees revenues growth – AOT management guarantees that revenues this year will be higher YoY despite the ongoing political turmoil. The company strategy is to target more regional passengers, which have thus far gained good response, with the total number of passengers increasing by 10% over the first four months. (Khao Hoon, 02/05/14).

Comment: No brainer, but politics as usual only hampers its upside.

MAKRO

Siam Makro set for B8bn spree – Siam Makro Plc, the operator of the Makro cash-and-carry store chain under Charoen Pokphand Group, announced yesterday that it will double its investment this year to 8 billion baht to expand its business amid the political instability and slowdown of retail business. (Bangkok Post, 02/05/14)

Comment: MAKRO is still the safest consumer play in Thailand