AOT received CAAT approval to charge ground service fees at SAT-1, covering systems like 400Hz aircraft power and PC-AIR air-conditioning. Expected to generate >Bt300m/year from ~2,000 monthly flight operations by 30 airlines.

Comment: AOT is running around trying to figure out how to replace the lost King Power $

BBL holds 2,407 million shares (8.51%) of THAI, with an average cost of ~Bt2.25/share following the debt-to-equity conversion during the airline’s business rehabilitation. With THAI closing at Bt12 yesterday, BBL is sitting on a substantial capital gain. Source: Bangkok Biz News

Comment: BBL taking merchant banking to the next level. I’ve joked that Thai is the alpha play, BBL and KTB are the leveraged beta plays on Thai.

BCP has acquired a 30% stake in Block G2.65, an oil & gas exploration and production field in the Gulf of Thailand, from Chevron. The partnership positions BCP for future operator roles in Thailand’s E&P sector.

Comment: A positive move for BCP. At least they’re not focused on doing crazy projects throughout the world where they have zero value added. Now about those dodgy shareholders…

CPF is considering expanding its production line and ready-meal factory in the US. It expects feed mill costs to decline after US-TH trade deal concessions on corn and soybean import tariffs. CPF is also exploring new export markets to offset reduced US pork imports.

IVL has recycled 150,000 million PET bottles since launching its recycling business in 2011, operating 20 plants across 11 countries. The group’s recycling capacity now reaches 789 bottles per second.
Comment: We’re all waiting for the turnaround story here to play out.

KTB is partnering with MRTA to launch the Mang-Moom EMV card, enabling fare payments across all MRT lines and for retail purchases. Service begins this month, with Airport Rail Link integration by October.

Comment: This is the thai way – eventually it gets there.

LEO is gaining new customers amid the Thai-Cambodia border dispute, as corporates shift transport modes. The company is also expanding logistics partnerships in the US to leverage the benefits of the US-TH trade agreement.

Comment: Border trade is absolutely quiet at the moment.