BGC sees 3Q turnaround on jump start bottles & containers restocking ahead of holiday season, recovery consumption on the back of cash handout stimulus, lower energy costs and soda ash price boost margin.

Comment: Up and down….at the end of the day there isn’t much overall volume growth in the industry.

CPAXT will relist under the same ticker from Oct 3 tomorrow, after completed its amalgamation.

Comment: And so…nuthin…

CP Group signed MOU with Japan partner Kao Corporation to foster consumer goods & chemical products innovation, develop house brand products to distribute exclusively via CP’s retail and wholesale network.

CIVIL wins roadwork contract from department of highway valued at Bt2.48b.

Comment: They’re quietly winning several projects…it’s a contractor so margins are iffy, but if the government continues to issue projects, CIVIL seems to be a player winning…a backlog play at best.

MTC issues $335m of senior and unsecured amortizing notes with a trustee to offshore investors, a 4-year notes with a fixed rate of 6.875% annually.

Comment: I am quite surprised that they’re willing to pay such a high rate, given how cheap onshore capital still is.

ONEE upbeats 4Q earnings on surging ad spending on high season, revenue from marketing events, organize concerts and TV contents.

Comment: Given the bloodbath in the digital TV, ONEE has proven to be the only player that has survived it.

PRM acquires 90% stake in shipping co., VC Shipping, for Bt180m, to expand scope of logistic services, cover full scale of transportation services from custom formalities, freight mgt, packing service and transport.

SCB collab with Singapore-based global payment infrastructure, Thunes, to enhance cross-border payment network via SCB EASY app, offering transfer for 17 currencies, covers 26 countries, offering fee campaign at Bt99/transaction from Oct 1- Jan 15, 2025, Bt199 per transaction after promotion expired.

Comment: It works on KBANK’s KPLUS- and yes the fee charge is rather high for smaller value transfers…but it’s still better than Western Union. But imagine in time that we don’t need to exchange $ when traveling, nor need to worry “too much” about FX spreads.

SIRI reported 9M residential sales topped Bt37b, +10% yoy, transfer at Bt31b, +15% yoy, maintain 4Q launch plan 16 project total Bt15.5b.

Comment: Appears to be the only “large” developer continually launching new projects.

THBEV’s reviving plans for an IPO, as early as the 3Q25 if able to decide on share sales by Dec 24, eyes potential partners.

WHA sells 40 acres of industrial land to Google to develop its 1st data center in TH, expects to seal deals with additional 4-5 data center clients early next year.

Comment: WHA > AMATA all day every day.