AP reports Bt1b presales from newly launched 6 SDH projects on 1st 2 days, 8M20 SDH sales topped Bt18.4b account for 82% of horizontal sales target, maintaining launch plans 16 SDH projects total Bt17.5b for remaining 4 months, Bt12b out of Bt49.33b outstanding backlog to realize this year.

AWC seeks M&A existing hotels to scoop up bargains, expects hotel revenue recovery 3Q from full quarter contribution of Marriot Hua Hin & Melia Samui reopen in May & Marriot Surawong opened in June, lower rent cuts and fees waived for retails space.

Comment: It’ll be interesting to see when/if the banks begin to rationalise their hotel loan books. And if we’ll then see M&A activity in this sector

BTSGIF reports 13.2m trips August sky-train ridership, +11.4% MoM, 4th consecutive month increase since 5.5m in May.

Comment: But still -20-30% from pre-wuflu levels

KTC sees Aug card spending recovery from insurance, online shopping, beauty and foods delivery, provide cushion from weak tourism spending, expects assets quality improves from stringent credit approval and re-payment after debt moratorium ended.

Comment: I think a lot of their customers are (going to be) suffering.

PLANB wins bidding for 8 years right to act as official sponsorship agency for the benefits of football association of Thailand from FY21 till eo-FY28.

TPCH eyes acquisition of 2-3 bio-mass PP by end of year, TORs for 2 more waste-PP late this year, firm on 250MW overall capacity by 2023.

Comment: Right but b/c of the wuflu the engineering firm from China can’t fly to allow them to COD their plants for this year. 

TOP may leap windfall after TASCO was forced to cease buying of crude from Venezuela, in talk to secure supply contract to TASCO, Tabloid.

Comment: There’s been a ridiculous amount of corporate activity over the past week, expect some posts to come. Issue for TASCO will be it’s GPM as the Venezuelan crude oil.

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