Thai Joint Venture System, which runs the IT chain Advice Distributions, aims to top 20 billion baht in revenue by 2014 and list on the stock market in the next two years.
"We foresee high growth of smart devices such as smartphones and tablets, as consumers opt to replace devices every year compared with notebooks that are used for two or three years," said managing director Nath Natnithikarat.
The tablet market outside of the One Tablet Per Child scheme is set to grow from 2 million units at year-end to 4 million in 2013, with smartphones rising from 5 million in 2012 to 8 million next year.
Thai Joint Venture System entered the tablet business last month with the Scopad brand, made by Shenzhen Scope Scientific Development, and other Chinese brands like Sanei and Ainol, with prices ranging from 1,990 to 3,990 baht.
Shenzhen Scope was the winning bidder to supply the first phase of the One Tablet Per Child scheme, and Thai Joint Venture System itself won a two-year contract to run tablet maintenance and repair centres for the programme.
The firm expects full-year revenue of 11 billion baht, up 40%, with similar growth anticipated next year. Gross profit is 2.2% of sales revenue.
The tablet business is expected to represent 2% of revenue this year. Combined revenue from tablets and smartphones would make up 26% in 2013.
About the author
- Writer: Suchit Leesa-nguansuk
Position: Senior Reporter