AAV launches three new international routes from Bangkok: Almaty, Sendai, and Riyadh; will take delivery of 2 A330 aircraft in 4Q; domestic routes BKK–Chiangrai and BKK–Nakhonsithamarat start 1 Oct.

Comment: At one point this should be an interesting trade…I thought it was the case a few months ago…let’s see.

AIS: Thailand Cyber Wellness Index 2025 flags youth & elderly as high-risk groups; urges rapid development of AI literacy & digital rights skills.

BANPU set coupon rates for three tranches of debentures at 3.10–3.40% p.a., with 5–10Y maturities. Public offering runs 22–24 Sep, min. subscription THB 100k via 7 banks.

IMPACT declared a THB 0.22/unit dividend on resilient revenue and cash flow; scouting new asset opportunities.

SC Hotels & Resorts to COD 306 rooms for KROMO, Curio Collection by Hilton in Sukhumvit, Bangkok on 24 Sept; The Standard Pattaya Jomtien remains on track for COD in Oct.

SCX to invest THB 25bn (2025–27) expanding hotel portfolio; aims to lift recurring EBITDA to 25% by 2032. New “Standard Pattaya Jomtien” opens 21 Oct 2025; Phuket M&A in pipeline.

TURBO IPO: 537m shares priced at THB 1.50/share, bookbuild 19–23 Sep.

Comment: W/o doing any DD on the name. This has got to be a cheeky IPO…

VIH completed buyback with only 404k shares (THB 2.8m) vs. 26.7m target; disposal plan to be proposed to board.

Ekniti Nitithanprapas resigned from TTB, PTTEP boards (effective 16 Sep) to take posts as Deputy PM and Finance Minister.

Comment: Not the worse D FM choice.

Thailand pet food exports rose 29% y/y in 2024 to $2.68bn, making Thailand the world’s 2nd largest exporter, with a 10% market share (behind Germany at 12.3%). Top exporters include ITC and AAI.

Comment: Thailand really has several amazing global industry leaders.