AOT: Heightened Security at Suvarnabhumi After Unidentified Drone Sightings. Airports of Thailand (AOT) has tightened security measures at Suvarnabhumi Airport after detecting unidentified drones in nearby areas. Authorities confirmed no impact on flight operations or schedules, with additional detection systems, anti-drone equipment and increased patrol frequency deployed.

Comment: Yawn…

88TH Targets 30% Revenue Growth in 2026, China Expansion in Focus. 88TH targets 30% revenue growth in 2026, supported by resilient domestic demand and its flagship brand LYO. Expansion into the China market is planned, with expectations of additional consumption stimulus from a new government. Management confirmed the 32.67% shareholder stake transfer has no operational impact.

Comment: I just don’t care much for this business model, it’ll pump and then crash and burn.

BANPU’s BKV Approves US$100m Share Buyback in New York. BKV, part of the BANPU group, approved a US$100m share buyback program on the New York Stock Exchange over two years, subject to market conditions, to reinforce investor confidence.

Comment: Hah! IPO and then use those shares to buyback more…well ok…it’s still up since it IPO’d

BAY Cuts Lending Rates to Support Vulnerable Borrowers. The bank announced reductions of up to 25 bps across lending rates (MLR, MOR and MRR), effective 24 Dec 2025, aimed at easing debt burdens for customers, particularly vulnerable groups, amid the current economic environment.

CHAO Launches THB64m Share Buyback Program, covering up to 9.69 million shares, running from 22 Dec 2025 to 21 Jun 2026, aimed at financial management and shareholder value enhancement.

Comment: Well it’s not that cheap…but ok.

PRINC Invests THB673.7m to Expand Hospital Network in Korat. PRINC approved an investment via its subsidiary to acquire 57% of N.D.S.34, a private hospital operator in Nakhon Ratchasima, valued at THB673.65m, with completion expected in January 2026.

Comment: They have the lowest margins of all the hospital players in Thailand…

SAPPE completed its share buyback, acquiring 4.65 million shares (1.51%)using THB150.36m, below the original target of 5 million shares.

TKS Cancels Investment in Phumisoft, No Business Impact. TKS announced that its subsidiary GoFive has cancelled its investment in Phumisoft as part of a strategic review, confirming no impact on operations, financial position or overall business outlook.

ETTH Plans LiVEx IPO to Fund Solar PPA Expansion. Energy Thai Trading Hub (ETTH) plans to offer 10 million IPO shares on the LiVEx platform. Proceeds will be used to expand Solar PPA projects and repay debt.

Comment: This is effectively a dead exchange.

BOT Maintains 2026 Inflation Target Amid Deflation Risks. The Bank of Thailand reaffirmed its 1–3% inflation target for 2026, acknowledging inflation remains below target. The central bank is coordinating with the Finance Ministry to prevent deflation, with inflation expected to return to the target range by 2027.

SEPO Confident Election Will Not Disrupt State Enterprise Capex. The State Enterprise Policy Office expects at least 95% disbursement of state enterprise investment budgets in 2026 (THB243bn). Authorities plan to front-load investment and accelerate pipeline projects, expressing confidence that upcoming elections will not disrupt public spending.

Energy Ministry Tightens Security at Offshore Energy Infrastructure. Following reports of unidentified drones near offshore petroleum platforms in the Gulf of Thailand, the Energy Ministry has ordered heightened security across offshore rigs, power plants and critical energy infrastructure, coordinating closely with the military and relevant agencies.

WSOL Partners with Vietnam’s FPT to Accelerate Digital Solutions. WSOL signed a Memorandum of Agreement with FPT Corporation, a leading Vietnamese technology group, to jointly develop digital and technology solutions for Thailand’s financial and industrial sectors, supporting the country’s digital transformation.

Thailand Auto Production Rises on EV Demand, Exports Still Weak. Thailand’s auto production exceeded 130,000 units in November (+11% y/y), driven by stronger domestic demand, particularly EVs (+20% domestic sales). Export volumes fell 12%, reflecting reduced ICE production for overseas markets.

Government Lottery Office Steps Up ESG Agenda. The Government Lottery Office is accelerating its ESG agenda in 2026, targeting sustainability maturity level 5, and has won its first sustainability award in 87 years.