AOT board to endorse duty free and commercial area bidding results at Suvarnabhumi today and may reveal larger than expected fees by the winner.

Comment: And boom, that shook the market up a fair bit today.

Energy minister turn down NGV subsidies extension request from NGV local traders and fleet operators as motorists no longer suffer as oil px declined, positive PTT; negative KIAT, CHO, SCAN, SKE, Wind Energy and Saraburi Truck sales.

Comment: It’s been well known that NGV is no longer a key policy for the government nor PTT

Bangkok authority (BMA) to kick-off Bt20b underground telecom cables projects in July, Bt10b fund from bank loans while remaining half will come from concession fees paid by TRUE which has been granted a 30 years concession to mgt the projects, after 80% of the overhead cable are underground, TRUE will charge rental fees from telcos and broadcasting operators who use the system, projects expects to complete by end of-FY21.

Comment: Ahhhhhhhhhh finally! Took them long enough, but ah well, looks like True will continue to receive a license to print money to save themselves. I wonder which co’s will be the sub contractors for this

TPIPP upbeats FY19 earnings from higher power gen capacity yoy at 440mw vs 290mw end of-FY18, expects to win 20mw waste powerplants from BKK authority upcoming announcement 3Q, will replace boilers at 3 power units to improve efficiency to 90% from current 70%

Comment: Fairly straight forward high dividend payer, but now we know all the risks from a potential change in government policies…

TFG acquires non-listed sauce & seasoning producer, Food Blessing (FBC), for Bt280m, aiming for wider mkt coverage and value addition to its food prods.

Comment: An interesting acquisition but small net impact on the overall business in the short term