AOT: Malaysia based, Batik Air, cod daily direct flights btw BKK (DMK) – Johor Bahru, effective Dec 1.

Comment: There’s more and more flights coming…still another +20-30% to reach the same # of flights as 2019.

EA to issue up to 4.97b new shares to accommodate cash call via RO 3.73b shares at 1:1 at Bt2 apiece, issued free warrant (EA-W1) 1.243b units for RO subscribers at 3 new shares to 1 warrant (strike price at Bt4, 3 years duration).

Comment: At 2 baht!!!!!!!!!!!

KBANK’s investment arm, Kasikorn Investure (KIV), acquires 50.16% stake in e-money platform, T2P Holding to foster digital payment, online money transfer, merchant e-payment support.

ITD’s IFA says shareholders should consider approving disposal of all shares in ITD Cementation India to Adani Group’s unit due to reasonable and fair pricing at Bt11.86b.

comment: ITD needs a ridiculous amount of cash still…why aren’t they doing an RO like EA?

LTS upbeats 4Q earnings from Bt100m lighting products backlog pending to realize, sees positive sales momentum as demand surge on high season, revenue stream from GPU rental service via subsidiary (Siam AI) start to materialize after cod-ed in 3Q, mulls increase proportion of IT revenue to 50% of total revenue by end of FY25.

Comment: It’s not really a subsidiary….but doesn’t matter, the story is there for the stock.

MTC’s expected to report solid turnaround in 4Q on continuous improvement of asset quality as NPLs/Loans dive to 2 years low while loan-loss coverage jumped to 3 years high at end of 3Q, higher proportion of secured loans and larger branches network boost earnings.

Comment: There is zero issue for MTC because their customres will always be saved by every government.

TRT’s firm on a 32% revenue growth this year to Bt2.8b, thanked to cost control, while transformer industry is expected to fall by 10%. It’s buoyant about maintaining its revenue growth in 2025 on rising demand from state grid, private power plant, exports and cost control.

Comment: Mainly because the EGAT and PEA spending is back…that’s it.