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.

Comment: This is ridiculous financial repression on the investing population of Thailand.

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.

EXAT (Expressway Authority) unveiled 11 new projects worth THB 270bn, incl. Chalerm Mahanakhon–Outer Ring East and Phuket Expressway (Phase 2).

TRIS revised GDP forecast: 2025 +2.1% (up), but 2026 +1.9% (down) due to U.S. tariff hit and global slowdown.

PM Anutin is driving the THB1tn Land Bridge project in the South, linking the Gulf of Thailand with the Andaman Sea. The Transport Minister, expected to be a senior party member from the South, is pushing the project aggressively despite the government’s planned four-month tenure before fresh elections.

Government Pension Fund sets aside THB 25bn to pay retirement benefits to 18k members in 2025; offers continued saving schemes.

SME D Bank affirmed at AAA (Fitch), 13th consecutive year; seen as a key SME policy driver.