Fitch Rating TH said 6 major banks, designated as domestic systematically important banks or DSIBs by BOT including BBL, KTB, KBANK, SCB, BAY and TTB, are likely to face rising assets risks over nxt several yrs, pressured by a continued rise in impaired loans, which has edged up frm 3.5% at eo-23 to 3.6% eo-24 and 3.7% in Mar 2025. Fitch assigned an equal asset quality score of bbb- to all DSIBs, but SCB and BAY carry negative outlook. (Bangkok Post).

Comment: Thailand needs another 10-20 banks to get this economy going. The concentration of banking is never a positive. 

BGRIM & GUNKUL participate bidding in 280mw solar floating pj at Srinakarin dam.

BKA aims to increase NPA purchase frm BAM driven by strong dmd for Bt5-10m refurbished house outskirt of BKK and Nonthaburi, mulls increasing ppty renovation to 400-500 units p.a., eyes 15-20% FY rev grwth t/g.

Comment: LA la la , there’s so many bad assets out there la la la, will the BOT & the banks finally accept this? 

CENTEL sees 3Q RevPar +4% yoy driven by hotels in Pattaya, Phuket and Samui (RevPar +10% yoy) able to offset soft RevPar in BKK -4% yoy, strong oper frm F&B unit and Centara Grand Osaka on the back of World Expo, narrower loss frm new hotel in Maldive to provide cushion during low season, trim FY rev grwth t/g to 12-15% frm 17-20% to incorporate w/ arrivals outlook, keeps SSSG at 1-2%.

Comment: Oh tourism is good? Oh I thought it was going to be negative forever? Oh is there going to be a sequentially improving QoQ going forward? No…..

CK’s planning to participate in Bt10b Phuket tollway phase 1 (Katu-Patong) aft cabinet signed off pj.

ICHI expects meaningful turnaround in 2H supported by beverage restocking frm wholesales prtnrs aft hurt by excess inventory frm key clients last yr, improved modern trade ch, larger OEM orders yoy and strong utilization rate above 70% supports erngs.

SC upbeats erngs visibility frm Bt19.6b backlog on hand (36% SDH, 64% condo), sees mmtum pick up frm higher transfer in 2H, 2 new hotels Kromo Bangkok, Curio Collection by Hilton and The Standard, Pattaya) scheduled to cod late 3Q to bolster 2H erngs, m/t 2H launch plan total 8 pj worth Bt16.4b (6 SDH: Bt 8.4b, 2 condo: Bt8b).

SJWD forms venture co., w/ logistic prtnrs Ruiyun & Golden Line to expand thermal ctrl cross-border logistics service, t/g supply chain btw TH-China-Asean.

AI, Cloud & smart devices are expected to get boost frm new iPhone 17 upcoming debut on Sept 9: +ve COM7, SYNEX, ADVICE.

Comment: If the iphone17 isn’t crazily priced maybe these players could really do we.. Nah even it is nutz isheeple will continue to run out and buy it.

THCOM’s expanding its ground facility in Pathum Thani in order to accommodate the Globalstar service capacity expansion in prep for satellite-to-phone service in TH, which will enable TH owners of iPhones with satellite connectivity to utilize the function by eo-26.