BEM reported August MRT ridership +5.3% mom (Blue line +9.94%, Purple line +6.8%), 1H-Sept avg daily traffic within 480k-500k while tollway traffic 1.2m-1.4m trips/d.

Comment: Perhaps a late mover for the reopening?

COCOCO sees rising orders from China will help it achieve 30% revenue growth target this year, new machine installed and ready for test run, and solidifies its #1 position in coconut milk and juice in Thailand.

Comment: So, will this China play hold?

DPAINT sees solid growth in 4Q on seasonal, 10% export growth on faster than expected Vietnam expansion, keeps 20-30% revenue growth target.

Comment: They’re expanding into a dead market.

PTT and EGAT will cover the price diff of Bt0.46/unit after the latest round of govt approved cuts in uniform power tariff.

Comment: This will hinder PTT’s share price performance, but it’s a net benefit for the overall economy and doesn’t ruin the government balance’s sheet.

SABINA sees higher than expected growth in 3Q on 9.9 campaign and tourism recovery, full steam Phil expansion, keeps 10-15% revenue growth target.

SCI wins power distribution towers project from authority (EGAT) valued at Bt 245m, lifts backlog to Bt1.1b.

TCMC upbeats outlook from surging carpet and decoration products orders from overseas airports, hotels and entertainment complex, tailwind from automotive fabrics, mulls listing furniture unit, TCM Living, on SET 2Q24.

Comment: I liked the idea of this company, but management doesn’t appear to be driven to actually grow, it appears to be treated as personal fiefdom.

TNP maintain 15-20% FY revenue growth target, sees 3Q SSSG +2% yoy, expects traffic accelerated on high season, adding high margin products to boost gross profit margin, will open 3 supermarkets by end of year, sees upside from government digital wallet stimulus.

Comment: The northern thailand supermarket play.

TPCH’s board approved disposal of 27% stake in 4 power plant combined 33mw for Bt 1.2b, seeks holder approval on Oct 27, mulls using proceed to expand portfolio abroad.

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