BANPU/AMATA: BANPU and AMATA has formed Amata Esco Next Llc JV to develop rooftop solar installations with a combined capacity of 227MW across two of Amata’s major industrial parks in Vietnam: the 686-hectare Amata City Ha Long, and the 410-hectare Amata City Long Thanh. BANPU holds a 65% stake through Esco Next Llc, while AMATA is participating via AMATA VN with a 35% stake. (Bangkok Post)

Comment: Thai companies do need to learn to partner up if they want to be able to compete regionally. They’re up against the conglos of Korea, Japan and the biggest one of all Chyna.

BSRC: 3Q net profit at Bt343m vs net loss Bt1.73b yoy, thanks to improved diesel and jet fuel crack spreads, lower finance cost and inventory losses.

CPAXT: form strategic partnership with Cainiao, an e-commerce logistics under Alibaba Group, to drive retail tech expansion in SEA, using AI to enhance in-store pick & pack efficiency, optimizing in-store merchandising and inventory placement improving both customer & picker by make products easier to locate on shelves.

Comment: So they’re opening their kimono to Alibaba? 

KCG: upbeat 4Q earnings from robust sales of bakery ingredients, food additives and dairy products on the back of government co-pay stimulus, surge demand on high season, maintain 8-9% FY revenue growth target.

Comment: Their issues in the past had was the fluctuating raw mat prices.

STGT: sees larger exports volume of hand gloves to the US supported by improve competitiveness after US tariff reduced to 19%, sales growth from specialty gloves (powder-free glove, surgical gloves, diamond textured gloves for high-risk tasks), aims to expand coverage to 190 countries over next 2 years from current 175.

Tourism: The Tourism Authority of Thailand expects 1.91mn trips and Bt6.54bn baht in spending during Loy Krathong 2025, supported by celebrations in 7 provinces. (The Nation)