AOT: Saudi Arabia to add Phuket to its seasonal destinations, 2nd city in TH to join network after BKK, scheduled 6 wkly flights frm Riyadh & Jeddah to Phuket, starts frm Dec 2.

Comment: Inshallah.

CKP reaffirms solid 3Q frm strong flow rate thru Nam Ngym & Xayaburi hydro pp during rainy season, lower interest exp HoH,

NOBLE m/t launch plan 5 residential pj total Bt18.13b in 2H, Bt6.972b backlog to realize by eoy, firms on Bt 14b FY rev t/g.

Comment: The casino changes the picture for real estate in Thailand – oversupply issue done?

SEAFCO expects to secure additional foundation wrk pj frm Bt10.694b crrnt bidding schedule to announce by eoy, Bt936m o/s backlog to provide cushion in 2H before Orange line MRT pj kicks in nxt yr.

Comment: Still the best in class in the country at foundation work. The only question is margin, when its public projects, rubbish margins, when the private sector kicks in again margins recover.

AAV, GULF and TOP are expected to benefit the most frm 13 mth high THB and to upside risk if FED cuts interest rate faster or larger than expected, Tabloid.