ALT plans to roll out submarine cable station rental service in Satun province to support Data Center Interconnect (DCI) between Vietnam, Malaysia & Singapore.

Comment: How could a company of ALT’s “standing” be considered for an important contract such as this?

AOT: FY24 net profit (end of Sept) @ Bt19.18b, +119% yoy; missed Bt19.54b consensus due to lower than expected FY passenger at 119.29m vs 122.26m estimate and one-off exp on reclamation of commercial areas at SIA from King Power duty free for East terminal expansion, pays FY dividend at Bt0.79 dps, XD Dec 4.

Comment: Regardless of the noise around Kingpower….AOT is still putting out fantastic numbers….

JAS will broadcast streaming of EPL & FA cup via Monomax thru ADVANC & TRUE including international roaming to Laos & Cambodia with price up to Bt400/subscriber/month, expects 1.1m-1.2m to meet breakeven.

PIN mulls 2 new IEs, Pinthong 9 and 10, spanning a tot of 3,000 rai in Rayong, to serve foreign biz expansion.

PTTGC withdraws from PTT Asahi Chemical, a 50:5o JV with Asahi Kasei Corp, attributed to tougher competition in Asia, especially from China.

VRANDA sees QTD (Oct-Nov 19) ADR +12% yoy, RevPar +17% yoy, advance booking 2 month (Nov-Dec) accelerate in BKK & Samui, Bt 595m o/s backlog from Veranda Villas & Suites Phuket (68% sold) & Bt318m ready-to-move in inventory to boost earnings, will cod 159 keys resort, Veranda Resort Phuket Autograph Collection at Panwa cape in Dec.

Comment: Even VRANDA is making bank…the spoils are still going to the big boys in the hotel industry.