Delta Int’l Holding Ltd B.V., wholly owned by Taiwan’s Delta Electronics Inc., offers $425m in zero-coupon bonds exchangeable into shares of DELTA, zero coupon with a $100m, initial exchange premium is 35% to 45% over the reference share price, which is that of the concurrent delta placement.

Comment: This is an interesting development…..old school target pricing?

MBK eyes 10-15% FY25 rev growth t/g supported by improved traffic thru 5 malls under management, improve room rate & OCC at 8 hotels, collabs with partner to host more event at 5 golf courses, will launch Bt1.4b SDH project, The PANO Phuket, expects to submit filing to list commercial property unit, Siam Piwat, to SEC before end of year

SCC mulls divest non profitable biz, scale back capex and reduce costs to improve operation, aims to re-start VN chem complex in 2H25 aft suspended production due to poor products spreads below cash cost from oversupply, expects chem product spreads improve this year after producers driven out from the biz.

Comment: This would be positive if the focus returns to cashflows and profit. The VN business has been a massive cash drain for the company…

SKY expects big jump this year after list ICT solutions subsidiary, Pro Inside (PIS) on MAI on Jan 20, sees growth potential from ability to bid for larger government project after unlocked value.

Comment: crony capitalism 101

TPOLY anticipates positive earnings momentum continue this year driven by Bt 4b construction backlog pending to realize, wider margin yoy after shift focus to private sector (hospital, condos & commercial property), expects demand for foundation work remain solid on jump start investment.