AOT, to keep watch for early Dec reports FY25 air travel revenue, +1.12% to Bt68.59b. Acting AoT President Paweena stated Bt33.05b from AERO, +Bt2.05b or +6.6%; after PSC +6.92% and total passenger +5.61% across 6 airports. Airport service fees +4.93%, in line with +7.56% in total flights. Recent developments of the new contract with King Power and the upcoming talks on 3rd Dec on increasing PSA.

Comment: And there you go…was an easy buy…ignore China and tourism from everywhere else is rocking.

CENTEL: Centara expects less than 1% revenue loss from Hat Yai floods and plans to open 8 new hotels in 2026, targeting 10-15% revenue growth.

OR: The company is launching 200 EV smart pumps this year to meet customer needs and aim to increase the proportion of non-oil revenue to 30%. The Co also emphasizes its interest in overseas investment especially Myanmar, Laos and Cambodia.

Comment: EV chargers effectively are oil revenue…actually I need to figure out what the margins are on these businesses. So from all the LLMs, net margins range from 10-30%, and depending upon the chargers, paybacks range from 5-9 years. Apparently it only requires a 15% utilisation to breakeven.

OECD said TH needs broad reforms across its capital markets to improve growth and investment, as it relies too heavily on the SEC for oversight, weakening market discipline and slowing enforcement. TH prepares to join OECD in 5 years.

POLITICS: People’s Party(PP) rejected Pheu Thai’s (PT) attempt for a Constitution Drafting Assembly, deeming it unnecessary for charter amendment. PT is pushing for CDA, whose members would be picked by the public. Out of the 300 picked by voters, parliament would select 100 as members of the CDA, who would then choose the members of the Constitution Drafting Comm (CDC), who would be doing the actual drafting of the new charter.

Tourism: The Tourism Council of Thailand (TCT) has proposed a 60-day relief framework to ease the impact on tourism businesses caused by severe flooding in the South, with damages estimated at more than Bt10bn.

Board of Investment (BOI) assists flood-affected businesses in Songkhla, accelerating relief efforts and supporting economic recovery with 191 projects worth ฿53bn.

Severe floods in the South could cut TH’s rubber production by as much as 90,000 tonnes, ~Bt4.5b, said Rubber Authority of TH. Floods has inundated 4.1m rai or 656K hectares of planting areas, affecting >160K farmers.