ADVANC’s joined forces with MakeMyTrip, India’s leading OTA platform for hotel and travel bookings, to help drive Thailand’s tourism industry. By combining the strengths of two industry leaders in communications and travel, the partnership elevates the end-to-end journey for Indian visitors. (Kaohoon)

AWC’s unveiled Skyflyers: Wings of Garudapterus, a new riverside experience at Asiatique The Riverfront Destination that invites families, travelers, and visitors from around the world to explore a playful, imaginative world that brings prehistoric Thailand to life. Skyflyers forms a key component and marks the first phase of the upcoming Asiatique District 2.2 development, a project valued at over Bt2bn. (Kaohoon)

Comment: Cheap as chips, but no one likes them.

CCET upbeats FY26 outlook as 50% of capacity in plant no #13-15 already filled with new order for mobile POS, new orders from EV charger and server power supply start to kick in from 2Q26 expects to fuel earnings momentum.

Comment: And people are wondering when this may pump again, it’s not DELTA 2.0 despite what some people may think…

MASTER reports TYP Clinic Hatyai Songkhla severely damaged from the flood, will be closed 2-3 months for renovation.

NOBLE: major holder, Prestige Investment, notifies intention to partial tender offer by additional 15% at Bt2.32/shr, 8% premium from previous close price at Bt2.14, will lift group holding to 41% from current 19.46%, expects to make an official announcement on Dec 9.

Comment: They’re getting it on the cheap.

SIRI denied report that it’s among the 7 listed firm being investigated by the SEC for AML and takeover related matters. Would be more credible if it comes from the SEC.

Comment: F it, just look at Beng’s land deals related to this company, the whole industry knows this.

SYMC forms partnership with Telehouse (TH), a subsidiary of KDDI Corp to strengthen global connectivity by hosting services within Telehouse’s data center to support multi-cloud environments, low-latency inter-connections, ensures max operating stability, security, scalability, reliability and flexibility to power mission-critical operation across industries.

Comment: One theory I’ve read online about AI et al, someone find the source as I’m bastardising it here…but SaaS may be replaced by the customised products = more demand for IT Services = IT Services become more valuable over time.

Economy: The PM unveiled the Bt3.788trn 2027 budget, saying the plan must tackle economic, social, environmental and security challenges while easing long term fiscal burdens. The budget would support government policies and public needs while adhering to the medium term fiscal strategy for 2027-2030. Agencies were asked to submit requests responsibly, keeping increases within 20% of the previous year and prioritizing investment.

MACRO: Office of Industrial Economics reported Oct manufacturing output contracted -0.08% yoy vs -0.6% estimate vs Sept +1.19%., pressured by aircons, electric motors, and transformers. FY25 output exp to -0.75% vs earlier estimate of an expanding range of 0 – 0.05%. vs FY26 estimate of +1 – 2%. Capacity Utilisation fell to 58.25 vs Sept 58.45.

Commerce Ministry reported 869 Foreign business approvals for 10M25 worth Bt276.7b; account for 18% of total is JP, 15% US, 14% SG, 13% CH, 11% HK. Of these 49% of all approvals are linked to BOI incentives mainly related to; manufacturing in metal, plastic, auto parts, logistics, software dev., AI services and data centers, gearing to further support a more digital economy.

Flood impacts: BOT estimate at 0.1-0.2% of GDP as death tolls hit 175. State responses were heavily criticized. Targeted policies: 1) 0% interest loans and debt moratoriums for flood-hit HHs and SMEs, 2) Up to Bt2m/fatality in emergency zones, 3) 0% loans up to Bt100k for home repairs.

POWER: Energy Regulatory Commission (ERC) cuts tariff to Bt3.88/unit for the Jan-Apr ’26. from Bt3.94/unit expecting LNG price to decline into next year. Yesterday BGRIM -1.4%, GPSC +2.14%, EGCO +1.33%, RATCH +1.69%, GULF (unchanged).

PM and Commerce Minister hold a briefing on flood recovery efforts at 9:30am, and the PM will chair a weekly cabinet meeting at 10am. PM and his party’s, Bhumjaithai, approval rating has dipped following flooding in the South, and is under pressure to pump up more stimulus measures before a House dissolution by end of Jan.

The BOT plans to roll out additional measures to ease appreciation pressure on THB and tighten oversight of gold-related FX transactions after the THB strengthened about 1% over past week.

Property: KKP warns of 2-3 year contraction amid soaring household debt and tightening credit, with cascading loan rejections forcing strategic overhaul. The era of mass-market, large-scale projects is over, and survival depends on financial prudence, hyper-specific targeting, and a willingness to think smaller. (The Nation)