AOT upbeats 1H earnings (Oct24 – Mar 25) from higher flight slots for winter schedule thru 6 airports under mgt at 370,239 flights +22.1% yoy (int’l 222,780 flights +33.1% yoy; domestic 147,459 flights +8.5% yoy), higher revenue from PSC aft raised international passenger to Bt730 from Bt700 & Bt130 from Bt100 for domestic since Apr 1,2024, 3rd runway, new SAT-1 terminal and new biometric identification system at SIA ensure smooth traffic.

BBL’s confident it will secure a virtual bank license, backed by the robust capabilities of each partner within its consortium, VGI and SG-based Sea Group.

Comment: This is virtual bank scheme is ridiculous. Perhaps the biggest winners are going to be the software service providers that figure out how to provide an SAAS to the thai groups that have no expertise.

BCP reported construction progress of SAF production unit, BSGF, a venture co., btw BCP, BBGI, Thanachok Oil light, now exceeded 70%, target cod early 2Q25 with 1m ltr/d initial capacity, teaming up with CPF, which operates a variety of restaurant brands, for used cooking oil for its SAF.

BGRIM aims to increase proportion overseas power generating capacity to 38-40% of portfolio (2,200mw) by end of FY30 from current 23% (950mw), keeps total capacity target at 10k mw from current 4,071 mw at eo-FY30, 21 on going project combined 5,893mw to support growth over next 7 years, eyes solar expansion in ITA, hydro in the US and wind farm in AU.

Comment: It’ll be interesting to see what happens with this company as less “renewable” projects are being pushed ahead by governments. Perhaps they can position themselves as a nuclear partner.

MFC: BNG Special Situations Fund raised holding by 0.3184% to 5.0514% on Oct 22.

MINT’s expected to report solid 3Q from strong RevPar & OCC (Jul-Aug) from hotels in EU, lower interest expense following re-pmt.

SVI: top holder, Pongsak Lothongkam, cuts holding by 1.6254% to 72.0489% on Oct 24.

Comment: He normally never sells…

WHA in talks to sell industrial land sales to data center client, expects to wrap up by end of year.