EGCO submitted bidding for renewable PPA with ERC combined 2,180mw.

Comment: What will EGCO win vs GULF?

OR teams up PTTGC to joint expand sustainable aviation fuel (SAF) to enhance entire value chain from refinery to retail fuels, out on sale by 1Q25.

ORN says 2 of ongoing condos project in Chiang mai (The Astra Sky River & The Astra) on night bazaar district on Changklan road fully insured, no impact from the flood, Bt1.4b outstanding backlog end of 3Q ensure earnings visibility.

Comment: There already is a massive oversupply of real estate in Chiang Mai – this is purely targeted at the foreign market, locals are not buying condos…

PROEN to unveil large investment project with DAMAC Group from Dubai in building Bt32b data center here, which has growth rate at 31% p.a.

Comment: Now, on paper, this is impressive – however PROEN is a company with THB 700mn – 1bn in revenues. Why would DAMAC – a supposedly large real estate developer in Dubai target to work with PROEN? Nevertheless, apparently via their sub EDGNEX they’re opening a data center in Rama 9, targeting 19k sqm, 20MW capacity.

TATG: auto parts manufacturer, Thai Auto Tools and Die, debut IPO 100m shares at Bt1.25 apiece, Asia Plus leads..

Comment: The IPO pump game is back and strong.

TFG upbeats 4Q earnings supported by robust sales at retail fresh foods unit on the back of cash handout stimulus, higher chicken & swine selling price yoy, aims to add Thaifoods Fresh Market branches to 450 outlets from current 364 by end of year to boost margin from downstream expansion, reduce fluctuation from price swing.

Comment: These players are minting it at the moment, high ASPs for chicken and pork, raw mats down.

MOF mulls selling share in some of its 133 companies under its holding, revamp criteria to invest to improve efficiency, expects to seek cabinet approval by end of year.

Comment: Launch the vayupak fund, then the MoF can dump holdings to it?