AOT: Treasury department mulls scrap 50% land rent discount at 6 airports next year as Covid situation eased.

Comment: Tourism figures are still -50% of pre wuflu, but the share price is already near the 2019 peak. Well ok…granted I do still think TH will back to those high travel figures within the next 6-12 months, from a small China re-open and Indian tourism.

BA: maintains 2.2m FY22 passenger target, FY cabin factor >70%, adding Samui-Krabi and Samui-HK in 4Q to fill demand on holiday season, will open 2 routes Samui-Chengdu & Samui-Chongqing early next year.

Comment: There we goooooooooooo, and for BA chinese tourism doesn’t matter as much as it did for Airasia.

JWD: board approved merger with SCG Logistic (SCGL) via shares swap (35.031m SCGL:776.8m JWD) total Bt 18.66b, expects synergy from larger footprint in 8 countries, supply chain & clients of SCC, costs efficient, will change name to SCGJWD Logistic post transaction.

Comment: That explains the share price movement in JWD over the past few weeks.

SAMART: wins CCTV projects from Internal Security Operations Command, Region 4, total Bt 609.9m.

SPALI: launches up market townhome projects, Supalai Grand Essence Tha Phra Interchange, pre-sales next weekend Nov 5-8.

Comment: There is a technical factor for these shares, treasury share selling will be completed earlier than initially expected. And if the country is really going to allow foreigners to own land…well here you go.

TEKA: wins a Bt 749m construction contract for IDEO Ramkamhaeng-Lamsali condo projects, boosting backlog to Bt 1.929b.

TLI is expected to replace BAM on an upcoming MSCI reshuffle announcement on November 10, effective at the close of November 30, weighting increase highly likely for TH market, tabloid.

Comment: The entire AMC sector (JMT, BAM, CHAYO) has been smacked in the past 2 months.