AOT said won’t cancel King Power duty free contract, preparing to adjust it as per advisor’s proposal to maintain both parties’ interests, with plan to propose a Bt200 hike in PSC to help cushion potential revenue losses from contract adjustment.

Comment: It helps when the current CEO of King power is the former CEO of AOT for these two groups to come to a deal.

BKI cuts FY revenue growth target to 2.6% from 8% to incorporate with economic growth, buys Bt8b re-insurance to curb downside from natural disaster claims.

Comment: That’s a massive drop…

COCOCO participated F&B showcase event, Anuga 2025, in Cologne, Germany from Oct 4-8.

Comment: Not sure if a islamic state enjoys coconuts as much as christian states used to.

JAS: National Telecom (NT) confirms payment of Bt5.137b to Jasmine Submarine Telco (JSTC) by Oct 10 to settle dispute over revenue sharing under joint investment for cable project.

Comment: Perhaps the way to look at all entities that deal with the government is to understand which group has the most incentives to win. With the NT now only having 2 real customers, the opportunity for “rebates” has minimised and therefore expect for all payments outstanding from the NT to any service provider to increase.

ONSEN: wellness co., Onsen Retreat & Spa Group, debuts, sold 80m shares at Bt2.05, Finansia Syrus leads.

Comment: Seeing small IPOs like this pump again is fantastic the equity market, gambling is back.

PJW sees solid 4Q driven by improved packaging demand from F&B segment on the back of government co-pay stimulus , firms on 10% FY revenue growth target.

SIRI launches 2 residential in Phuket, D Condo Cove Katu & Setthasiri Kohkaew Retreat total Bt3.8b, presales kick-off on Oct 17.

SPALI is expected to report meaningful turnaround in 2H driven by strong presales in 3Q at Bt8.6b thanks to contribution from newly launched condos (Bt4.3b), lifts 9M25 presales to Bt20.5b, account for 64% of co., FY target at Bt32b, 2-3 new condo projects to fuel earnings momentum in 4Q.

Comment: Because only the strong are still around. The remaining “genuine” real-estate demand is going to the few players left around

PM Anutin chairs weekly cabinet meeting at 10am and holds a briefing to announce co-payment program details at 12pm. The scheme is expected to require Bt44b, covering 20m people, will help boost spending during last 2M and boost GDP up by 0.3-0.4% this year, Finance Ministry.

Government mulls Bt6bn for flood compensation, affected household will each gets Bt9k per family, same as rescue package released in FY24, expects cabinet to sign off by mid-Oct.