BAM: is expanding partnership with financial institution, aiming to add 2 more JV AMCs by 2026, preparing to explore profit-sharing model for managing NPLs.

Comment: I wonder how many JV”s BAM can handle? And what are the implications of this to the market? They set the floor price of NPAs due to their ability/requirement? To pay up. 

J: reported net loss of THB113.74m in 3Q25, mainly due to THB78.9m fair value adjustment of investment properties and the operations did not meet projected targets such as community malls.

Comment: Well then, thats some financial shenanigans right there. 

M: mulls adding all you can eat hot-pot restaurant (Bonus Suki) to 15 branches before end of year from current 7 outlets, to capture demand on holiday season, expects +SSSG across brands in portfolio on seasonal effect and tailwind from government tax rebate stimulus.

Comment: This implies that demand is a serious issue…

MINT: pursues legal action in Qatar as Al Samrya Hospitality fails to pay USD21.7m arbitration award in relation hotel management & license agreements for hotels that were managed under company’s brand on behalf of Al Samrya in Doha.

Comment: hahaha, you just don’t want to f with MINT … they have no problem going after their partners 

STA: 3Q net loss THB841m vs THB517m profit y/y, mainly due to weak rubber sales volume and decrease in average selling price, higher production costs resulting from significant drop in production volume, sharp drop in average selling price and unfavourable FX bite earnings.

SYNEX: reiterates FY25 revenue target of THB46.5bn driven by expanding customer portfolio, demand from hardware from IT infra expansion.

Comment: It’s fantastic what SYNEX has been able to achieve in Thailand. I remember meeting them when they were distributing THB8 bn in revenues. 

BOT approves new guidelines allowing non-banks to invest AMC JV to manage bad debt & support economic recovery. This measure will allow a 2-year period for setting up JV with a 15-yr operational period.

Comment: God damn it, this is going to take forever to clean up the poop. 2 year period? Get it started, pump liquidity in, get the market to start clearing this $hit up. Or does the market mechanism start now due to the anticipation of the upcoming liquidity? Let’s see…