The share prices of Jasmine International Public Company Limited (JAS) and Total Access Communication Public Company Limited (DTAC) rose in the morning session on December 3, 2019, after the announcement of signing an MOU for a strategic partnership to offer limitless internet connectivity services.
JAS closed the morning session at ฿5.45/share, increased ฿0.10/share or 1.87% while DTAC closed the morning session at ฿53.00/share, rose ฿1.25/share or 2.42%.
Before the opening bell, JAS had announced that on 2 December 2019, Triple T Broadband Public Company Limited (TTTBB), a subsidiary of JAS, entered into a Memorandum of Understanding on Business Cooperation Framework (MOU) with dtac TriNet Co., Ltd (DTAC) for strategic partnership to offer limitless internet connectivity services, leveraging fixed broadband networks of TTTBB and mobile phone networks of DTAC.
This strategic collaboration is the synergy of the existing resources and infrastructures that are considered strengths of each company for the optimum benefit of their future businesses.
According to the MOU, TTTBB and DTAC will collaborate in promoting broadband internet, mobile phones, WiFi, OTT service and a variety of contents. Thus, the customers will be provided with the services of both companies at reasonable prices for which the subscription can be done more conveniently through both TTTBB and DTAC service channels.
The analyst stated that the partnership between JAS and DTAC is a win-win scenario since their core businesses are at a saturation point. TTTBB as a broadband operator does not operate mobile phone networks while DTAC has mobile networks, but lacks the broadband business. In this regard, cooperation would create more opportunities for both companies.
Moreover, JAS will offer an interim dividend at ฿0.30/share to be paid on 24 December. The ex-dividend date will be on 11 December. Meanwhile, there is a speculation in the market that JAS will also offer an extraordinary dividend at the price of ฿1.72/share after selling its asset to JASIF.