ASIAN revised down FY revenue target to Bt10.2b from Bt10.5b prior due to suspension of fish feed production in 3Q and flat shrimp sales yoy, sales revenue from frozen seafoods drop from softer demand from European market.

Comment: Is the recovery bump now over?

GUNKUL raised holding in 30.9mw solar subsidiary, Gunkul Chubu Powergen (GCPG), to 100% frm 51%, transaction completed on Nov 20, will record immediate contribution from 4Q24.

ITEL upbeats 4Q earnings from revenue recognition from WIFI hotspot expansion for USO NET, 700km fiber optic project for Provincial Electricity Authority, network maintenance project from mobile operator and 2 broadband project for school & government agency in BKK.

OSP will book Bt130m gains from disposal of Myanmar Golden Eagle Group (MGE) glass bottle manufacturing unit to Marlarmyaing in 4Q, expects 2025 recover aft cuts non profitable business, will roll out upmarket energy drink products to boost margin (M150 sparkling, Shark).

Comment: Look at OSP’s version of red bull, it’s a carbonated M-150, that they call M150 (pronounced miso) with a Korean celebrity advertising it, this is the only part of their business that is growing gangbusters.