AAV sees lower demand during 2Q & 3Q on seasonal, avg load factor of domestic mkt dropped to 90% in 2Q vs 94% yoy, international routes at 90% in 2Q up from 83% yoy, urges govt to consider reducing jet fuel tax from current Bt 4.726/l to lower travel costs for domestic tourists, will open route to Hyderabad, Katmandu & Phu Quoc later this year.

Comment: Why more subsidies…is AAV an SOE now?

ANAN’s successfully rollover entire bonds mature this year total Bt7.057b, expects 2H turnaround aft closed sales of 4 project total Bt13.9b, rolls out campaign to purge ready to move in inventory.

Comment: Founder should be kicked off the company, he lied to the board and shareholders on dealings.

AOT sees passenger traffic above 140m for fiscal year 2025 (Oct 24 – Sept 25) supported by visa-free expansion to 93 nations from 57 prior, expects SIA traffic tops 210k passenger/d from currennt 180k/d during winter flight schedule starting Oct 27 till Mar 29, 2025.

BEM: Expressway authority (EXAT) extends concession for stage 1 & stage 2 express way for 22 years & 5 months in exchange for investment of Bt34b, 17-km double deck expressway from Ngam Wong Wan-Phaya Thai-Rama 9, revises up revenue sharing to 50:50 in exchange for fare cut.

Comment: That’s an improvement…country is getting something back…but still..why not just take it all back? What expertise is need ed to run a tollway? “Oh Pon you don’t get it” “I do you numnut….and aren’t you fed up of seeing Thailand’s cash just go into the pockets of a few conglomerates at the cost of everyone else?”

EA sets up a committee to look into the alleged fraud committed by its former CEO and CFO, yet insisted it wud go ahead with a Bt5.5b bond issuance, despite the recent negative developments pertaining to the company’s credibility.

Comment: Bond issuance…what donkey kong is going to buy this? “hey Arthid, you going to force this down SCB Private Bank clients again?”

EA: rating downgrade to BB+ from BBB+ at TRIS.

Comment: Seriously, wtf damn it. They’re crooks, that Taiwan battery co was the start of it, and it only continued with BYD and NEX…ffs…gfy TRIS

WHAUP reported Bt2.5b debentures paying 3.28-3.53% p.a., 3X oversubscribed , will use proceed Bt800m for renewable expansion, balance for re-payment & working cap.

Comment: This is how you run a company…but renewables..sigh…c’mon world…watch one day they’ll call nuclear, natty lng etc renewables 1 day when they realise that they need them..