ADVANC: ADVANC has partnered with Microsoft Thailand to offer ready-to-use AI agent templates for SMEs. The solution is integrated with Microsoft 365 and Copilot to provide business owners with operational insights and recommendations. The company plans to expand the offering into HR, finance and manufacturing applications in later phases.

Comment: ADVANC is not the right distribution channel for this…

AMATA’s Vietnam subsidiary has signed a land sublease agreement with Taiwan’s MUTEK Technology to develop a new manufacturing facility at Amata City Ha Long Industrial Park in Quang Ninh Province. The US$4mn project will occupy 1 hectare and manufacture machinery and equipment for the semiconductor and electronics industries. Construction is expected to be completed by end-2027, with commercial operations commencing in 1Q28. While the transaction is small and not material to earnings, it is a positive indication that investment demand from high-tech and semiconductor-related manufacturers remains active in Vietnam. The announcement is particularly noteworthy given AMATA reported no Vietnam land sales in 1Q26 and is targeting 550 rai of Vietnam land sales for FY26. It also reinforces the growing attractiveness of Amata City Ha Long, which has attracted more than US$3bn of cumulative FDI commitments and is increasingly positioning itself as a hub for electronics, semiconductor and advanced manufacturing investments.  

Comment: A $4 mn project? I hope that this is an incorrect figure – otherwise AMATAV is just proving itself to be useless yet again and again.

CENTEL: The company is capitalising on growing Japanese tourism demand through the launch of Centara Life Namba Hotel Osaka, its second property in Osaka. CENTEL also highlighted strong growth from Australia, alongside continued expansion from key source markets including the US, South Korea and Taiwan.

CPN: The company plans to open Central Northville in Nonthaburi on 3 July with an investment budget of THB4.5bn. The project replaces Central Rattanathibet, which was demolished in May 2024, and is being positioned as “The New District of North Bangkok.” The development spans more than 59 rai with total gross building area of 210,000 square metres.

Comment: BOOM! Knew about this 3 years ago….more coming.

GULF: Shares rose 4.26% yesterday, extending the previous session’s 4% gain, supported by strong foreign inflows. Net NVDR purchases totalled THB1.78bn on 29 May, THB2.73bn on 2 June and THB415m yesterday. Momentum continues to build as Sarath Ratanavadi plans a five-year CAPEX programme of THB140bn through GULF to expand data centre capacity to more than 2GW from the current combined capacity of around 200MW, alongside broader AI infrastructure investments.

Comment: Eventually space data centres will render this business useless, or very low end…

JAS: JAS is reportedly the leading candidate to secure FIFA World Cup broadcasting rights in Thailand after competing bidders withdrew from the process. The value of the rights is estimated at around THB700m, although no official confirmation has been announced and negotiations remain ongoing.

Comment: Sarath needs to see his football!

PTTEP: Market sources expect robust 2Q26 earnings driven by higher sales volumes both QoQ and YoY, stronger average selling prices, lower unit costs due to limited maintenance activity during 1H26, and the absence of significant hedging losses.

Comment: Iran is following the COVID playbook very well….2 more weeks to stop the war…

PYLON: The company targets FY26 revenue growth of 10-15%, supported by a construction backlog of THB1.75bn. Management expects to secure an additional THB300m of foundation work projects in 2H26 and is exploring opportunities to participate in data centre developments.

Comment: A stable government = more construction