AAV said overall Chinese arrivals this year will be closer to 6m, after only ~1.5m recorded in 1Q, and vs TAT’s target of 8m, urging Government to deal with sluggish Chinese market.

Comment: Still not bad given the situation.

BKI target FY25 insurance premium +8% yoy to Bt34.2b (motor Bt14.7b & non-motor Bt19.5b), in talks with Chinese investor to invest in EV repair & maintenance center to lower repairing costs as combined ratio hit 100% (costs = premium).

LH’s 512 guestrooms hotel, Grande Centre Point Lumphini, on track to cod on Apr 1, additional 3 projects including Grand Centre Point Prestige Ratchaprasong, Grande Centre Point Voyage and Grand Centre Point Chinatown schedule to cod over next 3 years to help boost rental income, in talks to sell 3 apartment in the US, expects transaction complete by end of year.

Comment: They’ve proven to be a very competent hotel owner and operator.

TOP and PTTGC could maintain investment grade credit ratings even if S&P reclassifies the subsidiaries at strategically important from highly strategic. The change would trigger a one-notch downgrade to BBB- from BBB. The BBB- would be based on a three-notch uplift from the BB- standalone credit ratings on both companies. S&P expects to complete its review in 1H. (BI)

Comment: Aha so ratings will have nothing to do with the actual financial status of the companies anymore