AMATA sees at least 50% of Bt19b industrial land backlog realize next year, supply chain relocation is expected to continue on US-China trades tension.

Comment: Which is remarkable given how low the FDI flow is into Thailand in 2023 and 2024.

ANAN: reported share purchase of 49% in Ananada MF Asua Wutthakat from Mitsui Fudosan.

Comment: And yet…they somehow have the capital to launch a project with Porsche…right..

BCPG to invest Bt32b ($945m) in 2025 to fund new solar & wind farms in Laos & Vietnam, aims to increase proportion of clean power to 70% from current 38% by 2030, reduce gas-based electricity from 62% to 30%.

Comment: Everytime I read about a Thai company expanding into Vietnam with solar projects makes me nervous as the EVN doesn’t provide a guarantee buy order like EGAT/PEA does here in Thailand.

ISSARA: Issara REIT, debuts IPO 100m units at Bt10/unit, DBSV & Trinty Sec joint lead.

IVF: fertility clinic, Inspire IVF, debuts IPO 130m shares at Bt3.10/share, Kingford Sec leads.

Comment: Well that was a flop, -35% for an IPO…

KCG upbeats 4Q earnings from robust sales of flagship brand, Imperial cookies, ahead of new year, larger market exposure supported by online channel, in talk 2-3 M&A deals to boost inorganic growth, will finalize deals next year.

Comment: I hate to see diworseifications….but oh well…they have cash…core business growth is what it is..

LHRREIT: Land and House Residential REIT, debuts IPO 330m units at Bt10/unit, CGS-CIMB leads.

OR plans to sell stakes in some biz, including restaurants, to reduce losses caused by underperforming operations, hoping to boost EBITDA to 30% from current 27%.

Comment: They’ve funded a whole bunch of stupid startups…one of them is my neighbour…

UVAN’s expected to report all time high profit this year from higher palm oil price yoy by 7% due to shrinking output & higher contribution from subsidiary, Univanich Carmen Palmoil, in Philippines.