AP: venture co, with Mitsubishi Estates to launch Bt8.6b hi-end project, The Address Siam-Ratchadhevi, pre-sales kick-off Aug 26-27.

Comment: Given that ANAN is dead, I wouldn’t be surprised to see only the “qualified” long term players in the market partner with the large Japanese investors.

ICHI: revised up full year sales target to Bt7.6b frm 7.3b, expects beverage sales continue to do well in 2H from improve consumption in tourism sector, tailwind from OEM order and overseas sales.

Comment: Et voila, see they’ve figured out how to get over the sugar tax.

PTT: sees 3Q oil price within US$ 77-82 range, Chemical sales is expected to remain weak in 2H but selling price may improve as large producers cut production, improve upstream business & stock gains provide cushion.

SNNP: new jelly snack production line in Vietnam on track to cod in 4Q, in talk partner to expand snacks sales in China, finalize plan by end of Aug.

Comment: China? CHYNAAAAA. I have yet to see a single listed thai food co do well in China, someone prove me wrong.

TISCO: keeps 5-10% full year loan growth target, aims to grow high yield segment including used-car & motorbike HP, auto cash loan to stretch NIM, target full year NPL below 4%.

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