AP’s firm on Bt38b presale in horizontal projects, after recording Bt26.8b 8M22, +25% yoy, plans 5 townhome projects worth Bt4.8b in 4Q, including Bt1.75b luxury projects Oct 8-8.

BBL raises lending & deposit rates from today, deposit rates will be raised by 0.15%-0.5% while prime lending rate will be increased by 0.4. Others are expected to follow.

Comment: And remember how the bankers all said they wouldn’t increase rates in Thailand, bwahaha….

CH’s participating in Paris’s global food fair, SIAL, during Oct 15-19, bringing dried fruits, granola, crispy fish snacks and plat-based for marketing, upbeat margin outlook from low production cost from Cambodia plant, corporate tax benefits, tailwind from weak THB.

Comment: New IPO, haven’t looked into it properly, but it’s in the right industry.

PIMO sees record high revenue this year on weak THB and higher orders Bt600-700m in 2H, boosting utilization rate to 100%.

Comment: An EV Bike play.

SKE sees stronger 2H, on 3 main business, NGV, biomass PP and recovering RDF, sets 10-15% revenue growth yoy.

Comment: A concession business.

TCMC maintains 20% FY revenue growth target supported by demand for carpet & flooring products as hotels & commercial operators refurbished property post Covid, recovery demand auto fabrics & carpet, contribution from UK furniture unit: DM Midlands Holding (DMM) & Alstons furniture Group (Alstons).

Comment: Had thought this was a decent play 5-6 years ago, after the acquisition of DMM and Alstons, but the Thai board and Management team seem rather relaxed…

TIPH affirms AA credit rating, stable outlook at TRIS rating.

TOA: local fund, BBLAM, cuts holding by 0.0985% to 9.9053% of total outstanding on Monday.

Comment: Do they not believe in the recovery in margins from the oil price drop?

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