AEONTS reported 3Q22np (end of Nov 30,22) at Bt1.42b, +35% yoy, topped Bt984m consensus, new loans 3Q22 +17% yoy, lifted 9M +29% yoy, recovery consumption & tourism boosted card spending.

Comment: Just fantastic numbers.

BCP board approves plan to take over ESSO, pending shareholder approval, pushing refinery output to 250K bbl/day and maintaining #2 retailer at 25% of market, after OR.

Comment: And after seeing a decade of rumours, it’s finally happened.

EA in collab with SRT unveil prototype EV locomotive, capable of 300KM in 1H charges, saving fuel cost by 40-60%, target 50 by end of year.

Comment: They have barely delivered anything, everything is still a pipedream

INET upbeats 1Q earnings from robust demand for E-tax platform & e-commerce solutions from entrepreneurs to capitalize on shopping tax rebate stimulus.

MC raises FY22-23 (ending June 23) to >20% from 15-20% on higher sales and record high 2Q (ending Dec22), boosted by new collection Mc PLAY for young adult.

Comment: If you want to know how upcountry spending is performing, look no further than this group.

SPALI will hold analyst meeting on Jan 25, expects FY23 launch plan no less than Bt37.4b, FY22 presales came Bt32.4b, topped Bt28b management guidance provide optimism on FY23 transfer, Tabloid.

Comment: Mid to high end listed propco’s doing well, those targeting low end struggling (see LPN), spali is right in the middle doing better than people expected.

STPI’s board approved acquisition in 49% stake of Impact Monsoon Holding for Bt1.53b from Earth Power Investment to obtain indirect holding of 600mw Monsoon windfarm projects in Laos & PPA to sell electricity to Vietnam.

Comment: Well after the news regarding the new power rates in VN, I wonder if this had an impact on the acquisition price of this company.

SVT firms on 15% revenue growth target in FY22, mulls expanding branches and adding vending machines, for 10% revenue growth this year.

TU venture fund invests EUR13m in French algae ingredients startup, Algama, to develop & industrialize algae-based ingredients for F&B players seeking to replace animal protein, sees synergy from expertise in marine products.

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