ACG to open Fast-Fit auto maintained garage in BKK at end of November, plans to add 12 branches next year tally total to 18, sees benefits from low capex requirement, fast turnover, healthy margins.

AOT targets 483k flights, 62.13m passengers arrival for FY22, sees upside potential on aircrafts movement as China will host Asian games next year.

Comment: What international spectator is going to endure a 21 day quarantine on the mainland? Followed by the potential risk of getting sent to a covid camp if tested positive.

BGRIM to invest US$ 7m in 80% stake of Huong Hoa Holding to develop 48mw windfarm projects in Vietnam.

BPP’s 2 JPN solar total 30mw on track to cod before end of year.

CHAYO in talk finance institution to acquire bad debt total Bt6b, expects to wrap up before end of year, target 20-25% CAGR over next 3 years.

Comment: As I’ve said over and over again, CHAYO JMT and every other player comes in at 4Q after BAM has filled up.

CPN sets Bt1,200m capex to revamp Central Rama 2 to become regional mall (BKK South), targeting 30% rise in traffic.

Comment: The Cookie munster of Thai retail nom nom nom nom

GFPT reaffirms 4Q turnaround supported by higher poultry sales volume on easing Covid curbs, additional capacity from chicken processing unit cod-ed in October, higher domestic selling price at Bt37-38/kg, the highest in 2 years.

Comment: Higher chicken prices are great, question is whether the raw mat prices are going to subside over the coming q’s to make this name super attractive here…

JMT in JV with KBANK to set up an AMC, mulls more JV with 2 more banks next year.

Comment: The rumours were true

PSH target launch plan 31-35 residential projects total Bt30b in FY22, eyes 10% revenue growth target next year above Bt35b, Bt22.9b backlog & Bt7.4b ready-to-move in inventories ensure earnings visibility.

Comment: They see the market rising by +7% next year.

TIDLOR may be added to FTSE, to be announced November 19, after being added to MSCI, Tabloid.

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