CENTEL upbeat 4Q earnings driven by strong advance booking for hotels in TH, improved ADR from 2 newly refurbished Centara Mirage Pattage & Centara Karon Phuket, tailwind from Centara Grand Osaka and Centara Mirage beach resort Dubai, 142 villas Centara Mirage Lagoon Maldives on track to cod in Feb 2025, additional 8 hotels in TH & Vietnam combined 1,700 guestrooms to open doors next year, expects room rate & OCC at Osaka jump next year as JPN will host World Expo Apr-Oct 2025.

Comment: ADRs are going to continue to surprise on the upside for at least another 2 years.

EA board approves sale of 16.7m shares or 0.45% of treasury shares during Nov 29 – Dec 6, and to receive financial assistance from Somphote Ahinai, major shareholder of SPBL worth Bt900m of s/t BE, payable 4.5% p.a. maturing on Jan 28, 2025.

Comment: That’ll be heavy selling into the stock….

NOBLE cuts FY2024 revenue target by 18% to Bt11.4b from Bt14b earlier, on weak low-rise housing sales.

Comment: They’re screwed. Hyperbole aside, other than siri (below) most property companies are going to be missing their targets.

SIRI revised up FY24 condo transfer target by 12% to Bt14.5b from Bt13b prior aft logged Bt11.3b, 10M24 account for 87% of FY24 target, Bt6.9b ready to move in inventory and additional 4 condo projects combined Bt5.9b including Edge Central Pattaya, Dcondo Pana, The Move Bangna and Vay Pattaya to propel 4Q earnings, will kick off pre-sales Bt2.2b, 684 units high-rise project, The Base Wongsawang, 1Q24.