AAV: boost domestic flights from 87 to 105/d to accommodate travel demand on holiday season.

Comment: This will go some way to alleviating high domestic ticket prices, and the scale increase should help AAV.

ASIAN: cuts full year revenue target to Bt9.7b -14% yoy, weak topline on sluggish frozen food sales outweigh improve tuna export to middle east & wider margin from lower raw material & freight costs.

BCP CEO sats that allegation of retail oil marketing margin of Bt4 is unfounded and insists that current market margin is Bt1-2 for various products.

Comment: hahahaha, allegations against BCP? Where do we start…. Firmly of the viewpoint that if a proper board and management team went in there, you’d see the value of BCP double within 3-4 years.

KTB: sees LLP drop in 4Q on prudent measures on asset quality, maintain full year NPL target below 3.5%, loan growth within 3-5% range.

Comment: Doesn’t mean much for the economy’s prospects.

LH will invest Bt20bn in 4 hotels with 500 keys each in Bangkok and Pattaya with the angle of “Thematic” and luxury hotels after Grand Centre Point Space Pattaya occupancy reaches 90% in the first year.

Comment: They’re doing a great job with the hotels. Occupancy rates remain very positively high.

OR guides 10-15% revenue growth for 2024F and ‘lifestyle’ comprising 50% of total company’s EBITDA within 6-7 years. Co. is negotiating deals in the wellness/beauty space.

Comment: They’ve done an amazing job with the non-oil business. Yes, they have great assets, but at least it’s been well-utilised.