AOT reports FY19 (end of-September) passenger traffic at 6 airports +1.7% yoy at 141.873m travelers, international passengers +4.4% yoy at 84.049m, domestic passenger -2% at 57.824m.

Comment: I’m of the viewpoint that October #’s are going to be better than the market expects

CPALL expands vending machine business, to penetrate in apartment, office, hospital and industrial estates, target 25k machines by end of year.

Comment: Eating into other’s market, and because they are such a behemoth they can…

The Industrial Estate Authority of Thailand (IEAT) has signed a PPP contract with Gulf MTP LNG Terminal to develop the 3rd phase of Map Ta Phut seaport, worth Bt55.4b, on 1,000 rai.

MK plans 4 projects worth Bt4.56b in 4Q, with 2 projects in Bangna and Cheangwattana launching presales Oct 5-6.

PF launches promo campaign to move stocks from 10 projects worth Bt6b, aims for Bt1.5b sales.

SYNEX sees recovery Huawei mobile sales, expects positive sales momentum 4Q from new launch products & boost from holiday season, will add promo campaign on an upcoming Thai Mobile Expo event (Oct 3-7).

Comment: I doubt we’ll see a recovery in Huawei mobile sales, Google isn’t available on their new phones, even the backdoor access has been blocked.

VRANDA sees solid 4Q supported by government stimulus scheme, recovery restaurants and resorts operation on high season, will transfer Bt2.4b condo projects in Hua-Hin 1H20, target 30% revenue growth next year.

Comment: I like their hotel business, I worry about their property development business.

WHA expects to wrap up additional 400 acres IE land sales contract, in talk to sell 100k sqm warehouse to Chinese client, will start to book contribution from 34% holding in tap water business in Vietnam from late 4Q19.

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