AOT: Malaysia based Batik Air will introduce new direct service btw Johor Bahru & Bangkok on Dec 1, 24. On separate note, ITA Airways has started direct flight btw Rome-BKK on Nov 17 and will extend til mid-2025, from initial plan for only during the cool season.

Comment: The # of planes are in the skies are still below 2019 levels…

ILM’s joining force with Creativity to expand its services as an integrated lifestyle shopping destination in India, with 1st one in 4Q24 and several more in 5 years.

PTT in talks Foxconn to take leading role in $1b TH EV factory JV due to fierce competition in the EV industry that is now slashing prices, the venture was previously scheduled to cod in 2025 with production capacity of 50k EV p.a.

PTT mulls spinning off its life science unit, Innobic (Asia), enabling it to be more financially independent as part of plan to diversify business.

Comment: Let’s see how the EV game unfolds, I still want a manual V8 machine that can do burnouts in front of some windfarms…but that’s just me…several younger folks seem to be enthralled by the idea of owning an EV

TKN tones down 4Q earnings, sees GPM shrinks qoq from surging seaweed cost, will hike products price by 5-10% 1Q25 starts from local mkt first, exit milk tea biz (JUSTDRINK), shift focus to high profitable products.

Comment: No surprise + BOI incentives from their older factories has expired and their multi-product expansion has been a massive flop. Or more politely said – a disappointment.

TTCL sees rising backlog during Oct-Nov, including contract to build green Hydrogen plant in Laos worth Bt1.2b and feasibility plan to design and build bio refinery for sustainable aviation in Turkey worth Bt110m.

BANPU, SAWAD, COM7, CCET are expected to replace CENTEL, BCP, TIDLOR, EA in SET50 in 1H25, wrote Krungsri Sec.