BANPU rpted US subsidiary, BKV Corp, sold PO total 6.9m shrs with underwriter fully exercised greenshoe option to purchase additional 900k shrs, BANPU ownership in BKV will chg to 65.9%.

BCH to propose SSO board to increase AdjRw frm current Bt12k to Bt15k to reflect severe level of cases aft cabinet y’day approved higher min wage lmt and max wage thresholds used a base for calculating social security fund contributions.

Comment: SSO has to increase the rates otherwise no hospital will want to continue.

CPAXT & BJC are expected to benefit frm increase sales aft govt lifts afternoon alcohol sales ban for 6mth trial, licensed shops, bar & authorized venues may now sell alcohol bev btw 2pm-5pm.

Comment: Right….

GLOBAL reopens store in Songkhla province aft recover frm the flood, ramps up stocks to fill dmd for home repairing, firms on plan to open 3 stores in 4Q lifts total to 96 by eoy, adding more house brand pdts to boost margin.

MACRO: TH Nov CPI -0.49% yoy vs -0.6% cons.est, an 8 consec month decline. Monthly basis, +0.15%, higher than cons.est, and core inflation +0.66%. Pressure is on for BOT to cut rates for the 4th time this yr (next MPC on Dec 17th). BOT has kept rates unchg (1.50%) at its Oct 8th meeting after cutting 100bps since Oct ’24. Anticipation of further easing supported by the flooding loss est. at Bt500b ($15.7b).

Joint Standing Committee on Comm, Industry and Banking (JSCCIB) issues warning for a severe slowdown in 2026 with GDP est. of only +1.6%, noting 2 key factors; escalating competition from CH’s industrial overcapacity and crippling financial toll of the Southern floods. FTI agrees as Beijing to rely more heavily on exports, intensifying competitive pressures, esp. in manufacturing.

TOURISM: updates on CH-JP potential tourist shift to TH. Latest, more than 1.9k flights from CH to JP scheduled in Dec has been cancelled. This cancellation represents over 40% of flights (bookings 35% lower vs Oct.) and hundreds of thousands of CH travelers for the route. Est. shows that CH visitors to JP to -40-50% in 1Q26. TH is certainly not the only country looking to gain; Russia published a decree allowing CH to enter without visa for stays up to 30days, valid till Sept 2026.

Tourism: Despite a dispute over expensive airfares to flood-stricken Hat Yai, average domestic ticket prices this year continued to decline, as low-cost carriers fled from underperforming Chinese routes to add domestic flights and avoid competition with state-backed Chinese airlines.

Energy: Thailand’s energy and power sector is entering a major transition, driven by the National Energy Policy Council’s (NEPC) approval of a new natural gas pricing structure and shifting investment themes that increasingly favor renewable energy and power demand driven by data centres.