TREIT reports 2018 profits
Ticon Freehold and Leasehold Real Estate Investment Trust (TREIT) announced its operating results for the fiscal year, which ended on September 30.
From January to September this year, its total revenue grew to Bt1.953 billion or by 384 per cent from the same period a year earlier.
With more than Bt35 billion worth of assets, TREIT also stays on as Thailand’s largest industrial trust for the second year.
TREIT will pay third quarter dividends to unit-holders of Bt0.16 per unit.
TREIT said it has achieved huge growth this year because it has maximised its management efficiency and potential. For 2019 fiscal year, TREIT plans to invest more in high-quality assets in Thailand and abroad in order to attract investors and provide regular returns to its unitholders.
Peerapat Srisukont, managing director of Ticon Management, said: “TREIT’s growth in the 2018 fiscal year is achieved through efficient management. In this year, it approved additional investments in high-quality properties from both the Ticon group and non-Ticon group.
“TREIT’s first investment in non-Ticon Group asset was made in assets of Star Micronics Precision Thailand Co, Ltd or Star Micronics. TREIT investments in the 2018 fiscal year totalled Bt1.783 billion.”
The FinLab offers help for SMEs to grow through digital solutions
The FinLab on Wednesday announced the launch of its Smart Business Transformation Programme to help Thailand-based small- and medium-sized enterprises (SMEs) transform their businesses through digital solutions.
The programme is supported by United Overseas Bank (Thailand) and the country’s Digital Economy Promotion Agency (Depa).
Thailand is the first market outside of Singapore to get the programme. The Thai launch follows the success of the Singapore programme launch in August, where 11 local SMEs deepened their digital capabilities by piloting the use of technologies such as artificial intelligence and robotics process automation.
To help Thai SMEs drive their business performance, The FinLab’s three-month programme will help participants refine their business models and adopt digital solutions, particularly those in online sales and marketing. Mentors from The FinLab, UOB (Thai) and Depa will also guide participating SMEs to identify the unique issues they face in their businesses and equip them with the tools and knowledge needed to innovate. The SMEs will then be matched with a suitable technology solution provider to address their concerns and to pilot the solution implementation.
TrueMove tops in 4G: independent analysis
OpenSignal, a mobile analytics company that independently analyses and reports on consumers’ real-world mobile network experiences, has recently released its third “State of Mobile Network Report” for Thailand.
Analysing more than 857 million measurements, OpenSignal has examined the 3G and 4G results of Thailand’s three main operators to see how they stacked up. For this particular report, the data were collected from 109,807 users during the period July 1-September 28, 2018.
The report has some interesting findings.
Advanced Info Service (AIS) achieved two major milestones in OpenSignal’s new report. First, it jumped to the top of their 4G availability chart, meaning it was able to provide a 4G signal to OpenSignal’s users more often than other Thailand operators. Second, it crossed the 90 per cent 4G availability mark, which is an exceptional score both in Thailand and globally.
Total Access Communication (DTAC)’s new 4G network upgrades are starting to bear fruit in OpenSignal’s results. Measurements show that DTAC was the only operator to see an increase in both the 4G download and overall download speed metrics. The gains were enough to propel DTAC from third place to second place in both categories.
Though DTAC and AIS made progress in OpenSignal’s results over the last six months, TrueMove H was still the operator to beat in most of the metrics. TrueMove won OpenSignal’s 4G download speed, 4G upload speed, overall download and 4G latency awards outright and it was tied for first place in both OpenSignal’s 3G categories.