AMATA keeps FY industrial land sales target at 1,400 acres (3,500 rais) +15% yoy driven by demand from data center, electronics and auto sector at EEC area in Rayong & Chonburi, growth from Amata Smart City Namor in Laos remain intact supported by industrial clients from China, 50% of Bt 21.49b land sales backlog to record this yr.

Comment: One wonders if this is going trend is going to begin hitting the smaller industrial estate players? We still have Rojana, pinthong and others to look at.

AMATAV’s working with Vietnam government to develop IEs to serve high-tech industries, located in Phu Tho province in Northern VN.

Comment: “Working with the viet government” I mean c’mon Sumitomo, WHA and every local player are minting it, but AmataVN still can’t catch the wave.

CPAXT said the Happitat project is 95% completed and remain on schedule, no cost overruns or delays expected, no plans to acquire additional assets—whether properties or financial assets—from this counterparty. Share price fell 10% yesterday.
CPAXT reported its indirect subsidiary, Happitat at the Forestias, has changed its name to Axtra Happitat, objective of co is to provide commercial lease mgt of Lotus’s Mall Bangna project under the trademark The Happitat, according to filing.

Comment Seriously…Happitat? What juvenile donkey kong came up with this name? Everyone and their mother knows that Forestias and MQDC is a overleveraged POS…

DRT launches solar-ready roof tile, Diamond Solar Solution, providing suitable option for solar panel system installation.

IMH sells PP total 23m share (9.7%) to BKIH, appoints BKIH’s chairman Chai Sophonpanich to be chief advisor, aims to restructure hospital and expand insurance client portfolio, issue free warrant (IMH-W1) to existing holders at 2:1, XW on May 27.

Comment: Interesting development – putting on my retail hat – when will BH buy it?

RCL sets $300m capex to expand container fleets from current 46 vessels, sees growth potential from Latin America aft launched new route to Mexico in Apr, explore opportunity to tap in India, Brazil, UAE & South Africa.

TOP appoints WOOD plc to manage Clean Fuel Project (CFP), recovered bidding from 2 new contractors from US & JPN (Bechtel & JGC) to replace UJV, expects to announce results by end of Jun.

Comment: Oh its back? No brainer….everyone thought it’d go bankrupt – not the case, interesting to see the americans coming back into the picture.