Stocks in the news (aot, gulf, prm) 29.09.25
AOT: Korean-based Asiana Airlines will increase flights Seoul Incheon-BK route frm 11 wkly to double daily starting Jan 2026, United Airlines will launch LA-HK-BKK route for summer schedule in 2026, expects to restore direct flights to the US aft safety rating back to CAT1.
Comment: I’ll need to do the #’s again, but last I checked # of flights in the sky were still below 2019 (globally), god I love “AI”, here you go “There are currently between 100,000 and 130,000 flights per day worldwide in 2025, with peak single days reaching over 134,000 flights and over 20,000 planes in the air at once during busy periods. This demonstrates a recovery and continued growth in global air traffic since the pandemic.…In 2019, the average number of flights per day worldwide was about 189,000”
GULF signs wind turbine supply agreement and wind turbine construction agreement w/ Goldwind group for wind pj combined 286mw in TH, 78mw pj fully owned by GULF to cod in 2027, remaining 3 pj (60% stake) total 208mw to cod in the same yr.
PRM sees 2H turnaround HoH & YoY driven by high utilization rate of floating storage unit at 93.4% in 3Q25 vs 82.4% in 3Q24, rev recognition from 2 new crew boat contracts start Oct & Dec will take delivery of 2 tanker in 4Q25 & 1Q26
PM Anutin to deliver his govt’s policy statement to parliament at 9am, a two days affair will also give chances to opposition parties to debate, with the People’s Party set to scrutinize Govt’s priority and its new cabinet with legal or ethical questions. Yet no voting is required for this policy statement, just debates.
Thai and Cambodian troops clashed in the border area of northeastern TH, exchanging gunfire and launching grenades, the 1st breach of ceasefire with both sides accusing each other of firing first.
People’s Party is still a favourite choice among Thais to run the country with 33%, down frm 46% in prev poll, while its leader Natthaphong’s popularity fell frm 32% to 23%, yet still the most popular.
Tropical storm Bualoi to bring heavy rain to the North, Northeast, the East and Western coast of the South on Mon and Tues.