ALT: board approved investment in 2 fiber optic pj including fiber ntwrk connecting BKK-EEC area and submarine cable pj in Satun province combined worth Bt1.594b, expects to gen approximately Bt150m-190m p.a.

Comment: In theory this should be a decent business model – but given the structure of the industry, it doesn’t perform as it should.

BKIH: board approved shr purchase in BAFS Pipeline Transportation (BPT), 16m shrs at Bt5 apiece total Bt80m.

Comment: I had completely forgotten about this listed entity. An insurance holdco with dreams to be the next berkshire or simply tax management? 

KTB, ADVANC and OR consortium sets up 2 firms including Trinity Holding and Clix Bank to virtual banking. Trinity Holding is a holding co., and holding 95% of Clix Bank. KTB holds 41% with the remaining stakes held by AIS at 39% and OR 20%. KTB has right to nominate at least half of total number of directors of Trinity Holding.

Comment: I just continue to think this virtual banking model that Thailand is a joke. Thailand needs 20 more financial institutions providing productive focused loans to the population and break the current oligopoly status

MAJOR forms venture w/ TKN to jointly invest in ready-to-eat pkged popcorn under trademark Popcorn Major.

Comment: Amusing…what about movies? Oh yeah…it’s better to just do this rubbish..

PTL: 2Q net loss Bt359m vs Bt349m prft yoy, mainly due to fx loss frm unrealized loss on restatement of frgn crrcy loans at TH, Indon and US subsidiary as a result of depre of local crrcy against USD & Euro. Oper wise, film sales vol +5% yoy, +1.5% qoq thanks to new PET film line in the US able to offset lower vol in blown films and CPP.

RCL est wholly owned subsidiary, RCL Logistic (HK) to expand overseas logistic biz, support biz group.

SPALI will launch Bt2.1b up market high-rise pj, Supalai Elite Sukhumvit 39, starts frm Bt6.3m -27m (avg Bt120k sq.m.), presales kick off Aug 30-31.