BCPG’s board approved US$ 115m investment in 150.98mw combined cycle gas power plants in Ohio, US.

JMART said its 9.2% strategic stake in BKD is to create synergy, as its group has >10K units of pre-owned houses and needs BKD’s expertise to renovate, before selling them.

Comment: And they’re still going around the country building their network.

NER targets FY rubber sales volume @ 500k tons, Bt30b revenue target driven by recovery demand from China, new clients from Singapore, India & TH, 3rd plant capacity 172,800 tons is expected to cod 1Q24, lifts total to 688,400 tons p.a.

Comment: Still doing well. Despite the volatility in rubber prices.

PRAPAT established subsidiary, Phu Quoc Hotel Supplies, to distribute cleaning chem & sanitation products in Vietnam.

SCB to become a “Digital Bank with Human Touch” in 3 year, target 600K clients with Bt2tril AUM, sets Bt7-10b capex to develop tech & AI, target 3-5% loan growth this year with >10% ROE, no plan to sell its assets management arm, SCB AM, will not pursue virtual banking license as platform does not enhance value of existing clients, solutions for corporate clients.

Comment: Perhaps the only clever comment out of SCB in the past decade. There is no value for an existing bank to have a “virtual bank” I challenge anyone to show me a digital bank that is profitable today. — oh oh but in a decade – right, after buying how much capital raised just to get there?

SNC board approved acquisition of 441 acres land (1,104 rais) in Banglamung, Chonburi province to develop industrial worth Bt2.579b, 70% of payment to be made within 6 months after purchase agreement signed, remained 30% to be paid by end of year.

Comment: Now that’s an impressive attempt by the company. This is not a small project… so now you have to view this company as an industrial estate player + a OEM manufacturer for AC’s and other household appliances.

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