AOT recorded 11.1m travelers @ its 6 airports in Feb, +4% yoy. Foreign tourist arrivals -0.4% in the week ended Mar 16, with 8.3m total YTD, +3.9% yoy.

Comment: There is zero issue with tourism to Thailand…and just wait until there’s more capacity available…the issue for AOT is the link to King Power whom hasn’t been able to pay their bills.

BA plans to order >20 single-aisle jets in 1H25, with options for 10 more, aiming to add >30 jets in next 4-5 yrs, expecting to fly a record 4.7m passenger this year, up from 4.3m yoy, with 10-20% rise in passenger to Samui yoy, thanked to the White Lotus.

Comment: The Godfather of Samui….

CPF eyes 5-8% FY25 sales growth target from Bt580b registered last year, expects profit higher than last year supported by high avg selling price of domestic swine at Bt80-85/kg & Bt40-45 for chicken, costs saving on improved efficiency after using AI for logistic & slaughtering process, lower feedmill costs and strong momentum from operation in VN bolster earnings.

Comment: If this was a company without “Governance” risks…it’d be trading +30-50% higher.

SCCC anticipates FY25 turnaround from improved cement demand from key-market in TH, VN, Cambodia and Sri Lanka, expects wider margin after increased proportion of alternative energy sources.

Comment: Nah its because of the higher ASP in Thailand.