Symantec downplays mysterious internal investigation

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Startup_and_IT/30345413

x

Symantec downplays mysterious internal investigation

Tech May 15, 2018 07:27

By Agence France-Presse
San Francisco

Symantec shares regained some lost ground Monday as executives downplayed a mysterious internal investigation as an accounting matter not expected to have “material adverse” effect on finances.

Shares of Symantec closed the trading day up 9.6 percent to $21.40 ahead of top executives holding a telephone conference to discuss the company’s financial outlook.

Symantec shares rose about two percent more in after-market trades, despite executives on the call declining to answer questions about the investigation.

Cybersecurity company Symantec had lost more than a third of its market value Friday after it disclosed an internal probe and refused to take questions from analysts.

A board of directors committee has started an investigation due to “concerns raised by a former employee regarding the company’s public disclosures including commentary on historical financial results,” Symantec said in a statement.

While financial results reported by Symantec may be subject to change based on the outcome of the audit, the company “does not anticipate a material adverse impact on its historical financial statements,” the statement said.

The audit appeared to involve earnings calculations related to discretionary and performance-based compensation for high-level executives.

The company “voluntarily contacted” the Securities and Exchange Commission about the probe and said the investigation could force it to restate financial results.

Cynthia Hiponia, Symantec’s vice president for investor relations, said the probe “does not relate to any security concern or breach with respect to our products or systems,” according to a transcript of an earnings conference call held last week.

Analysts were unnerved by the announcement, which flouted an unwritten rule of earnings season that executives face the music and take questions from Wall Street.

The disclosure came as Symantec reported a fourth-quarter loss of $35 million, compared with a loss of $143 million in the year-ago period.

Symantec’s forecasts for profit per share and revenues lagged behind Wall Street analyst expectations.

Crypto-tax ‘will hit economy’

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Startup_and_IT/30345391

Crypto-tax ‘will hit economy’

Tech May 15, 2018 01:00

By Wichit chaitrong,
Asina pornwasin
The Nation

5,867 Viewed

Taxation threatens to hamper startups, sec is told, as it seeks to regulate digital assets

NEW TAX measures aimed at curbing the Thai initial coin offering (ICO) market will adversely affect the economy as the measures could drive investors and entrepreneurs overseas, according to experts.

The Royal Gazette this week announced a new set of laws related to digital asset businesses, an amendment of the Revenue Code to regulate and impose high taxes on transactions. It also warned of tough punishments over illegal conduct in the digital economy.

The digital asset law authorises the Securities and Exchange Commission (SEC) to regulate transactions involving cryptocurrencies and digital tokens.

SEC secretary general Rapee Sucharitakul said yesterday that the new taxes and legal requirements would protect local investors who were assumed to have specialised knowledge on ICOs.

ICOs were for niche investors, not general investors who could be financially damaged if not well informed, he said.

The SEC is preparing to issue new ICO regulations based on the new digital assets law within the next 2-3 weeks.

It is empowered to regulate all digital assets but Rapee said that utility tokens might be exempt from the SEC requirements.

However, all exchanges that trade digital assets must be registered with the SEC within 90 days after new regulations are effective. Even ICOs launched prior to the new rules are required to seek approval.

The authority is hoping the new regulations will both promote the new sector as well as protect investors from fraud and cheating, he said, adding that the SEC and Revenue Department would hold a joint press conference today to clarify all issues.

The authority would also give the public a full month to submit opinions so that it would be best placed to handle the cryptocurrency sector in a practical way, he said.

However, Duenden Nikomborirak, of the Thailand Development Research Institute (TDRI), said the tax measures were not favourable for the Thai digital economy and tech start-ups.

Overall, the policy would drive Thai entrepreneurs and investors to Singapore, where there are no taxes on ICOs, she said.

Thai ICOs are now subject three taxes – 15 per cent capital gains tax, 7 per cent VAT and another 20 per cent corporate income tax – so there is no chance for Thai start-ups to grow to be “Unicorn” or a start-up worth US$1 billion or more, said Duenden.

Therefore she called on the government to review the tax measures to take into account all the risks and rewards.

According to the new amendment, revenue and capital gains from cryptocurrency and digital token transactions must be taxed.

Prinn Panitchpakdi, managing director of CLSA Securities (Thailand), also said that the Finance Ministry’s tax measures would likely kill the Thai ICO market even before it had a chance to become established.

This would prompt Thai firms to launch ICOs in other countries and deprive the country of new funding opportunities, he warned.

Other sources said the tax measures would lead to an outflow of investor funds from Thailand, while the country’s security exchanges would not be able to compete with those in other countries.

They said that not only would VAT and income tax hit investors and issuers but they appeared to be redundant measures. Critics also feared the policy would negatively affect the digital economy and innovation.

However, Pawoot Pongvitayapanu, chief executive officer and founder of Tarad.com, said the new law made several issues clearer and would help prevent money-laundering and other illegal activities.

Teerachart Kortrakul, an investor and founder of StockRadars, said many Thai investors were already trading cryptocurrencies abroad so they would not be affected.

Ananda banks on innovations for growth

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Real_Estate/30345730

Chanond Ruangkritya, chief executive officer of Ananda Development
Chanond Ruangkritya, chief executive officer of Ananda Development

Ananda banks on innovations for growth

Real Estate May 19, 2018 01:00

By SIRIVISH TOOMGUM
THE NATION

Ananda Development, a leading real estate developer in Thailand, has been capitalising on innovations to strengthen its business in many aspects, ranging from the development of condominium projects to providing better service to customers.

The company’s chief executive officer Chanond Ruangkritya recently said that the technological advancement would gather speed in the next five to ten years and would play a greater role in revolutionsing the property industry in many aspects from the construction process to the enhancement of urban living. The company will keep adjusting to keep pace with the technological disruption.

Last year, Ananda announced a plan to become a UrbanTech company as part of its strategy to deliver urban living solutions to customers.

It has also partnered with promising tech startups to provide innovative services to its condominium customers.

Besides the challenge of technology disruption, he said that condominium developers in the next five years might face more business challenges, including the current uptrend land prices in some locations of inner Bangkok.

When condominium developers pay higher land prices, they will have to raise the price of room units accordingly, while the number of potential buyers with high purchasing power might not expand fast enough to match the higher room prices.

Part of Thailand’s development depends on state investment in infrastructure projects under the government’s 20-year strategy, which began last year.

The plan consists of economic development and transportation development.

These developments will result in the cropping up of new real estate potential zones such as city fringe area of Bangkok and the surburbs as well as in the Eastern Economic Corridor (EEC).

Ananda and its subsidiaries generated a total revenue of Bt2.820.5 billion in the first quarter this year, an increase of 21.9 per cent compared to the same period last year.

Krungthai Bank appointed underwriter of Sansiri issue

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Real_Estate/30345654

Krungthai Bank appointed underwriter of Sansiri issue

Real Estate May 18, 2018 01:00

By The Nation

Listed property firm Sansiri Plc has appointed Krungthai Bank its financial adviser and underwriter for its three and a half year debenture issuance, worth a total of Bt2 billion and carries an annual interest rate of three per cent.

 Bookings for the debentures are scheduled for May 17-18, May 22-23, and May 25-28, according to the company’s statement yesterday.

SC Asset, Supalai post net profit growth in Q1

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Real_Estate/30345657

x

SC Asset, Supalai post net profit growth in Q1

Real Estate May 18, 2018 01:00

By The Nation

Listed property firms SC Asset Corporation Plc and Supalai Plc have both announced growth in net profits for the first-quarter of this year form the same period last year.

SC Asset Corporation Plc announced a total revenue of Bt2.68 billion and Bt259 million in net profit for the first quarter of this year, a rise of 53 per cent and 244 per cent respectively from the same period last year.

“We will continue to strive towards the revenue target of Bt17 billion at the end of this year,” the company chief corporate officer Attapol Sariddipuntawat said recently.

Supalai Plc announced a total revenue of Bt4.65 billion and Bt870 million in net profit in the first quarter of this year, up 22 per cent and 27 per cent respectively from the same period of last year.

The company plans to launch more residential projects this year to drive its business to double digit growth this year, Supalai Plc’s managing director Tritecha Tangmatitham said recently.

Agreement signed on WHA Industrial Estate Rayong

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Real_Estate/30345615

Agreement signed on WHA Industrial Estate Rayong

Real Estate May 17, 2018 10:32

By The Nation

WHA Industrial Development (WHA ID), which was formerly known as Hemaraj Land and Development and is a member of WHA Group, today announced today the signing of a shareholders agreement with IRPC for the development of the WHA Industrial Estate Rayong in Rayong’s Ban Kai district.

WHA ID will hold 60 per cent of the newly established joint venture, to be named WHA Industrial Estate Rayong, with the remaining 40 per cent held by IRPC. The joint venture, which will be finalised by the third quarter of 2018 and have a registered capital of Bt650 million, will acquire 2,152 rai of land from IRPC. Located 20 kilometres from Rayong City, 36km from Map Ta Phut Port and 50km from U-Tapao airport, the industrial estate will be called WHA Industrial Estate Rayong.

Part of the government-sponsored Eastern Economic Corridor (EEC) initiative, the new industrial estate will target investors in the so-called 10 S-Curve industries, such as next-generation automotive, robotics, aviation and logistics, as well as mechanical assembly, food processing and other supporting industries. Under the management of WHA ID, it will benefit from the company’s 30-year expertise and high standards in terms of engineering design, planning and environmental protection. WHA ID will be responsible for marketing and securing both Thai and international investors and tenants as well as implementing best practices in terms of environmental protection, water and waste management, community relations and CSR policies.

“WHA ID has established this joint venture with IRPC to develop this landmark project in Thailand,” said Jareeporn Jarukornsakul, WHA chairman and Group chief executive. “The new industrial estate is in an excellent location at Ban Khai in the EEC and WHA ID will apply the highest standards for the benefit of all stakeholders, including our customers, employees and the surrounding communities,” she added.

“This joint venture with WHA ID is based on building the synergy between two companies,” confirmed IRPC’s president Sukrit Surabotsopon. “We are confident that our combined vision together with WHA’s expertise and experience will enable us to attract investors from industries of the future and cater to the needs of local communities.”

David Nardone, group executive industrial and international of WHA Industrial Development, added: “We are looking forward to developing the new industrial estate that will be well-equipped to accommodate the EEC’s 10 S-Curve industries. We will deliver a state-of-the art, customer-focused industrial estate of the highest standard that will create new demand for a skilled workforce and help boost the country’s growth.”

With the establishment of WHA Industrial Estate Rayong, WHA ID confirms its leading position as the largest industrial estate developer in Thailand, with a combined area of over 48,500 rai (7.760 hectares).

Property market tipped to grow 5% after strong first quarter

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Real_Estate/30345395

x

Property market tipped to grow 5% after strong first quarter

Real Estate May 15, 2018 01:00

By SOMLUCK SRIMALEE
THE NATION

2,136 Viewed

THE property market is expected to expand at least 5 per cent this year, according to the consensus from the listed developers that have posted double-digit growth for the first quarter compared with the year-earlier period.

Nine of the 11 developers that have announced their first-quarter results reported strong gains in net profit from the first three months of 2017, thanks to a recovery in the market.

Most of the property companies recorded net profit increases in the double digits. Ananda Development Plc trailed the pack with earnings growth of just 3.13 per cent from the same period of last year.

However, faring worse were LPN Development Plc and Sansiri Plc, which saw their net profits drop from the year-earlier quarter.

AP (Thailand) Plc chief executive officer Anupong Asavbhokhin said that the company announced solid growth for the first quarter of 2018, with a result of more than Bt6.5 billion. Net profit for the quarter grew 47 per cent, rising by more than Bt800 million. AP Thailand believes that this healthy performance, coupled with a business plan adjustment to be more assertive in the low-rise sector, is certain to contribute to better-than-projected presales and realised revenues.

Anupong said there are even better growth prospects in store for the market due to a variety of positive factors. He cited the strong purchasing power that the real estate industry can benefit from.

“The overall market outlook is very good, especially in the low-rise sector. We have seen better and better presales and realised revenues for AP’s low-rise products over the last few quarters,” Anupong said.

“So, we have readjusted our business plan by launching several new projects. In 2018, AP will launch the highest number of new projects since its inception.”

The company plans to unveil 43 projects worth Bt64.7 billion, of which 21 are townhouse projects worth Bt18.5 billion, 17 are single detached house projects worth Bt20.8 billion, and five are for condominiums worth Bt25.4 billion, Anupong said.

Origin Property Plc chief executive officer Peerapong Jaroon-Ek shares this optimistic view for the market.

The company announced net profit of Bt488.9 million in the first quarter of this year, soaring 184 per cent from the same period of last year. Most of the units in its condominium projects that had been launched over the past three years were transferred to its customers in that quarter, Peerapong said. The transfers to customers would continue throughout the rest of the year.

“Meanwhile, we also had success on the presales front, with a take of Bt5.09 billion in the first quarter – up 255 per cent from the same period of last year that,” Peerapong said.

“This is thanks to the strong demand in the residential market, enjoying a recovery in line with the improving economy.

“This also will drive our presales to Bt20 billion and total revenue to Bt15 billion by the end of this year.”

Pruksa Holding Plc deputy group chief executive officer Supattra Paopiamsap said the company’s total revenue was Bt8.35 billion, a rise of 3.6 per cent from the year-earlier quarter. The company recorded presales for the three months of Bt12.69 billion, representing 24 per cent of its target of Bt53.74 billion for the year, Supattra said.

“This is thanks to the country’s economy posting strong growth and driving the demand for residential projects, with this recovery seen in the first quarter of this year compared with the same period of last year,” Supattra said.

“The momentum of growth will continue to drive the market in the rest of this year. As a result, the company has confidence the property market this year will grow by up to 5 per cent.

The company’s financial results will maintain growth double-digit growth compared with last year.”

Sansiri Plc reported to the Stock Exchange of Thailand (SET) yesterday that its total revenue of Bt5.27 billion and net profit of Bt252 million in the first quarter marked a drop of 26 per cent and 51 per cent, respectively, from the same period last year.

The developer said its project transfers decreased 29 per cent as its business management revenue dropped 23 per cent for the three months. That had a direct impact on total revenue and net profit, resulting in the declines from the year-earlier period.

LPN Development Plc, in its filing with the SET, said the company’s high marketing expenditure cut into its income growth for the quarter.

Total revenue came in at Bt2.49 billion, representing growth of 1.09 per cent from the same period of last year and its net profit also declined.

Strong Q1 price growth in Bangkok property market

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Real_Estate/30345365

x

Strong Q1 price growth in Bangkok property market

Real Estate May 14, 2018 16:41

By The Nation

Bangkok’s residential property market continues to show price growth, with an eight-point increase in the DDproperty Property Index – from 205 points to 213 – in the first quarter.

 

This strong opening is on the back of an improving economic outlook and an expected increase in full-year growth in gross domestic product to 4.2 per cent, up 0.3 percentage points from 2017, and in part due to the rising cost of developing projects in the popular but densely built-up areas in Bangkok, online real-estate portal DDproperty said on Monday.

“The sophistication of Bangkok’s property market is more apparent now than ever,” said Kamolpat Swaengkit, the company’s country manager.

“As values continue to move upwards, property’s reputation as a valuable investment asset strengthens further. Developers are therefore taking note and it is no wonder that the year has welcomed joint ventures between local and foreign developers eyeing potential across the city.

“They have become a lot more selective on the kinds of projects they work on, with the focus on building the ‘right’ property for the location and ensuring it is suited to its target audience. We have seen a real shift in the market with this renewed attention to detail,” she added.

New bed bath idea just what doctor ordered

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30345757

Bunlue Kongchai, managing director of Barami Laboratories Co Ltd, shows off the Soap Shower Sheet, due to hit the market in the second half of this year.
Bunlue Kongchai, managing director of Barami Laboratories Co Ltd, shows off the Soap Shower Sheet, due to hit the market in the second half of this year.

New bed bath idea just what doctor ordered

Corporate May 19, 2018 01:00

By SOMLUCK SRIMALEE
THE NATION

AS a doctor doing his ward rounds, Bunlue Kongchai saw first hand just how labour-intensive it is for nurses to give bed baths to immobile patients.

Depending on the patient’s limitations, the process would take anywhere from an hour to three hours.

These observations inspired Bunlue to come up with a product that would reduce the time required for bed baths and make the overall task easier for busy nurses.

The owner of Barami Laboratories Co Ltd, which has been producing skincare products for other companies’ labels for many years, Bunlue plans to launch the Soap Shower Sheet under the company’s own BRE brand in the domestic and overseas markets in the second half of this year.

The company targets sales of up to 10 million sets for the first year, and the product is protected by patents secured in Thailand and overseas early this year, the company’s managing director and founder, Bunlue Kongchai, said in an interview with The Nation recently.

“I spent a year to research and develop what became the Soap Shower Sheet, after I saw the arduous nature of how the nurses bathe patients in their beds,” Bunlue said.

“They would spend typically at least one hour or as much as three hours per patient on this task. And that’s how it’s been done for more than a hundred years.

“That motivated me, as a medical doctor who graduated with a degree from Khon Kaen University, to devise an alternative approach. I wanted to come up with a way that would reduce the times it takes for bed baths and to make the procedure easier.”

A year after he started out in his research, Bunlue had produced the Soap Shower Sheet. The innovation takes in two steps. First, the cotton fabric that contains soap is rubbed across the patient’s body, cleaning the skin. In the second step, the cotton fabric that has some ingredients that absorb the soap is worked over the skin; a moisturising substance is also applied.

The end result is that the patients feel clean and refreshed, as if they had a regular bath, Bunlue said.

He tested the product on many patients in a hospital setting, before securing the patents from the Commerce Ministry and from patent authorising bodies overseas.

The Soap Shower Sheet has been recognised with a win in the ageing society category, corporate, at the Thailand Green Design Awards 2018 (TGDA2018).

The awards were conducted by the Kasetsart Agricultural and Agro-Industrial Product Improvement Institute (KAPI) of Kasetsart University. The winners were named in March.

Bunlue spent Bt20 million this year to set up the machinery to produce the Soap Shower Sheet.

With production planned to start in the second half of the year, the output will average at 1.5 million pieces a month.

“Our target customers include not only those looking after patients in hospitals or aged-care facilities, but also sports people who need to freshen up on the go, as well as tourists who do not have time take a shower in a tight travel schedule,” Bunlue said.

With the testing of the product on the target customer groups behind him, Bunlue is confident on the prospects for sales at home and abroad.

He is eyeing sales of to 10 million sets a year at an average price of Bt60 each. Half of the sales are expected from the home market, with the rest from overseas, including Singapore, Malaysia, the Middle East, the Philippines, Japan, China and Russia.

Bunlue said that the Soap Shower Sheet will be released under his first own brand BRE, drawing on the company’s long experience in making skincare products under its customers’ brands.

Bunlue established Barami Laboratories in 1995 for the research and development of skincare products for small and medium-sized enterprises (SMEs) that want to put out skincare products under their own brands. Such businesses made up his first target customer group.

I graduated as medical doctor with qualifications in skin care,” Bunlue said. “When I wanted to become entrepreneur in the field, I started to do research and development into skincare creams and sold these products to a skincare clinic run by friends.

“With this success from the clinic sales, I decided to expand my target customer base to include the mass market with a focus on SMEs that want to sell skincare products under their own brands.

“I offer them the advantage of small sizes for product purchases, starting from Bt3,000 per product. This is appealing for SMEs with smaller budgets. This strategy has seen the business grow at a double-digit rate every month, and the company is now generating sales at an average of Bt70 million a year,” Bunlue said.

After Bunlue’s years of success in producing skincare products for sale under his customers’ own brands, the BRE Soap Shower Sheet becomes the first of his company’s products to go out under an in-house band.

Europe push for coconut milk

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30345732

Teetiphun Theppadungporn, international marketing and sales manager, Theppadungporn Coconut Co Ltd
Teetiphun Theppadungporn, international marketing and sales manager, Theppadungporn Coconut Co Ltd

Europe push for coconut milk

Corporate May 19, 2018 01:00

By KWANCHAI RUNGFAPAISARN
THE NATION

THEPPADUNGPORN Coconut Co Ltd, a leading manufacturer and exporter of coconut milk and coconut products under the Chaokoh brand, is deepening a push with sister brand Mae Ploy into European market with the help of offline and online marketing channels.

Alongside that effort, the company says it will also keep up its growth pace in the domestic market as well as other export markets. Theppadungporn Coconut exports its products to 45 countries.

Apisak Theppadungporn, managing director of Theppadungporn Coconut, said that the company’s brand is still not strong enough in Europe and its market share is not yet high.

“Our sales in comparison to the market consumption are still not high, so there is the potential to grow and capture more market share in Europe,” said Apisak.

He said that about 80 per cent of the company’s annual revenue is from exports. The European market alone contributes around 13-15 per cent of the export volumes.

“In the next five years, we expect the contribution from the European market to be at between 15 per cent and 20 per cent. The figure is not that much different from today because we want to grow more in every other region,” said Apisak, adding that in 2022, the company aims to achieve Bt10 billion in total sales revenue, with between 5 per cent and 10 per cent growth per year. The company posted Bt7 billion in total sales revenue, including exports, last year.

Apisak said the company is confident that the revenues from export markets this year will grow more than 10 per cent. It plans to introduce new products at the THAIFEX – World of Food Asia 2018 event, to be held from May 29 to June 2 at Impact Muang Thong Thani.

Teetiphun Theppadungporn, international marketing and sales manager, said that the three best-selling products of the company are coconut milk, coconut water and dipping sauce for chicken. The company has continuously marketed these three products overseas, with the United States being the major market. Other export destinations, such as Europe, Asia and Oceania, also saw higher growth driven by increasing demand.

The major export markets are the United States and Canada (55 per cent); Europe (13 per cent); Oceania, which includes Australia, New Zealand and Pacific islands (16 per cent); and Asia and other regions (15 per cent). In the overseas markets, canned coconut products remains the most popular, while the coconut milk UHT product enjoys popularity among Thai consumers.

“Starting from last year, the company has introduced its products in the AEC markets, with Myanmar the first market that the company entered in the bloc,” Teetiphun said.

“It has expanded through a local distributor and gained a very impressive response from Myanmar consumers. Considering the size of the Myanmar market, the company expects higher growth in the near future.”

For the domestic market and the marketing strategy for the Chaokoh and Mae Ploy brands, Theppadungporn Coconut will stick with offline channels for about 70 per cent of the total marketing activities. The rest of the activities will be routed online, in particular on social media aimed at the local and international markets.

The company will pay more attention to the online and social media channels for the promotion its coconut products, Teetiphun said. In 2017, the company did more work in online marketing and trading in order to reach out more to young consumers.

Despite fierce competition from other players and newcomers, the Chaokoh and Mae Ploy brands remains the market leader because of high product quality and customer loyalty programmes, Teetiphun said. The company has invested about y Bt50 million to expand the production capacity, improve the effectiveness of machinery and increase warehouse space to better serve export markets.

“We are the leading exporter of coconut milk in the world market and our focus remains with the coconut products. Though we have been a leading player for 42 years, we cannot stop developing high quality products if we want to maintain our leading position,” said Apisak, adding that the company’s business growth in the first quarter of this year mainly came from exports.

Apisak said that the company’s market expansion strategy “concentrates on manufacturing products that truly serve the consumers’ demands”. It does market research in each country in order to gain insights into consumer preferences and use that information for product development.

“We keep doing market research and analysis so that we can see the opportunities to enter into new markets globally,” said Apisak.

“For a while, the company has marketed the ready-to-drink coconut water, for which we have experienced a great market response, particularly from foreign consumers. This year, we will continue to satisfy our consumers by creating new flavours of ready-to-drink coconut water, which are black sesame, purple sweet potato and melon. We hope the new tastes will provide more varieties in choice for our customers.”

He added that each year, the company has set aside funds to improve its machinery and all the facilities in the factory for better efficiency and effectiveness in production and distribution.

For the snack food segment, he said, Theppadungporn Coconut has entered into this market since last year by introducing Chaokoh healthy roasted coconut chips with three flavours; original, sour cream and bacon cheese.

“It has also enjoyed a good response from the market as the product fits with the trendy lifestyles of young consumers who are concern more with health-conscious eating habits. This year, the company plans to launch a new flavour, Sri Racha chilli sauce,” he said

“We study consumers’ lifestyle and develop product based on their preference. Coconut milk is still our hero product because it’s the main ingredient for many cuisines.”