AOT ceases inbound duty free shop operation at SIA, DMK, CNX, HKT & HDY effective Aug 1.

Comment: Well…this is going to be annoying for those that usually buy perfume, alcohol, chocolate and cigarettes before coming back into Thailand…I used to be one of these types of shoppers…

EA: Chatchaval Jiaravanon, part of billionaire family that owns CPF Group, resigned as director effective from July 28.

Comment: Yes, otherwise he’s going to be liable for all the shit that is about to hit EA from bondholders, SEC whatever..the stupidity of the thai legal system is that existing directors of a company are liable for the issues that may have resulted from the actions of previous directors. Lesson is…commit a “legal crime”, resign and run, let the new directors take the blame

FLOYD signed mechanical & electrical contracts with HMPRO for construction of Phuket branch (Cherngtalay) valued at Bt73.723m.

GUNKUL wins 2 procurement contracts from Metropolitan Electricity Authority (MEA) & Provincial Electricity Authority (PEA) total Bt 700m, will realize rev in 3&4Q.

NCP: tele marketing, e-commerce management & fulfillment services provider, Nice Call, debuts IPO 50m shares at Bt2 apiece.

NER sees continued rise in China’s rubber demand from EV and ICE subsidies while central stockpiles fell to 300K tons, and restocking is needed.

Comment: Hmmm…. I find it difficult to imagine that a Thai company is able to read the demand supply characteristics of the entire chinese market.

PSL signed Long-term charter contract with Global Chartering Ltd, fixed on 19-21 MTS at gross variable rate equivalent to 117% of Baltic Exchange Supramax index (BSI), weighted time charter avg value over previous days, current variable rate stands at about $ 17,800/d.

Comment: This company is going to make great cash over the coming years..

PTTEP’s 2Qnp @ Bt 23.97b, +13.98% yoy, beats Bt20.85b consensus, Bt4.5 dps, XD Aug 13.

Central Group collabs with BBL, KBANK, KTB, SCB, BAY & CIMB (TH) to provide cross-border QR payment for international travelers from 8 countries including JPN, HK, Spore, Malaysia, Indonesia, Vietnam, Laos, Cambodia, enable cashless payment at 4,000 stores under umbrella (CRC, CPN, CENTEL, CRG).