ATLAS: LPG business, a subsidiary of PTG, Atlas Energy, debuts IPO 418.42m shares at Bt3 apiece.

Comment: A good first pump, better for the parent.

BGRIM: To expand into S. Korea by closing a deal to increase its stake in Nakwol 1 to 49% (acquired 20.8% stake) and boosting its 365MW offshore wind portfolio. (Kaohoon)

EA said its bondholders approved a waiver allowing it to negotiate with creditors to postpone debt repayments or amend terms through Dec 2025 without be deemed in default, covering 11 tranches of callable and high-risk bonds due 2030–2038.

Comment: EA has the creditors by the balls. A default means a wipe out.

THAI & PTTEP: THAI signed a MOU with PTTEP to collab and share critical info on gas turbine engine maintenance. The partnership will jointly explore biz models for gas turbine engine maintenance to elevate standards to international levels. (Kaohoon)

Comment: This is a great business…if they can expand beyond just Thai airways, it would be great for both co’s

TRUE: The Co is the first telecom firm in Asia to launch a green financing program, allowing its suppliers to access funding as part of its commitment to achieving net zero emissions by 2050. (Bangkok Post)

Comment: Can the world stop doing this crap…it’s just financing…it’s a bond.

TOURISM: Rising aviation service fees in Thailand, include airport charges and the proposed Bt300 tourism tax, could potentially hinder airlines already posting thin profit margins, derailing efforts to restore tourism to pre-pandemic levels, according IATA. (Bangkok Post)

SIRI forms venture with XPG to establish co., in BVI, Sansiri Capital Partners, to expand business in property & alternative assets.

Comment: I trust in their ability to generate fees for themselves..

Justice Ministry’s looking into a Cambodia real estate group, Prince Group, after the US and the UK imposed sanctions on the company’s chairman, Chen Zhi, on allegations of fraud and money laundering, that led to the seizure of Bitcoin worth about $15bn. This has a potential to cause more reputation damage, as it was widely reported several Thai bankers and politicians were allegedly involved in this scam.

SEC’s introduced stricter rules on margin loans, banned securities firms from providing broad-purpose loans backed by shares, and required brokers to monitor concentration risks, a move aimed to strengthen risk management and bolster investor confidence.

BOI’s approved two large projects; Hitachi Astemo’s project, located in Chachoengsao, will be producing PCU inverter for electric vehicles, with an investment value of Bt3.5bn, and BDMS will develop a specialized medical center project in BKK focusing on cancer treatment, at Bt3.49bn.

Comment: Cancer treatment…what a racket…just imagine how much they’ll charge you to recoup their investment.

KTC reported Bt1.95bn, slight beat Bt1.92bn consensus.

TSTH: 2Q net profit  (end of Sept) at Bt857m vs net loss Bt159m y/y.