BA reactivates codeshare agreement with British Airways for flights to Thailand & Cambodia, allows BA’s customers to book single ticket from LDN via BKK to 5 hotspots: Samui, Chiang Mai, Phuket, Phnom Penh, Siem Reap, LDN Gatwick to BKK will return on Oct 28, 3 times weekly to SIA and will increase to 5 weekly between Jan till Mar 2025.

Comment: Still a fantastic operator…

EA holds e-meeting of bondholders on its Bt1.5b notes due Aug 15, at 10am.

Comment: “Sorry we can’t pay you back because the market figured out we’re a POS”

GULF reported Bt4.74b, +64% yoy, topped Bt4.49b consensus, thanked to revenue recognition of IPP Praugdaeng, Hin Gong PP, and higher sale at its SPP, firms on 25-30% revenue growth target this year.

Comment: “Thank you all my cronies in Thailand for enriching me, but I’ve won too many projects and I”m cash broke”

PTT: healthcare subsidiary, Lotus Pharmaceutical, to buy Teva Pharmaceutical (TH) for TWD1.5b (Bt1.65b), aims to strengthen R&D & production of generic drugs, broaden distribution channel.

Comment: The SOE giant is coming to eat the market.

SCC keeps 10% FY revenue growth target, sees momentum pick in 2H from jump start infra spending, allots Bt21b capex to expand cement & building material in Vietnam & Indonesia to capture growth, chemical complex in VN to cod in 4Q.

AWC, GPSC, EA, IVL and KTC are potentially to be removed from MSCI on an upcoming rebalance announcement on Aug 12, effective at the close of Aug 30, Kaohoon.

Comment: IVL out? That’s quite something.