BH offers quick management updates on Phuket progress, stating construction is on-track for completion in 1H27 and still confidence in the premium market in TH’s 2nd largest provincial economy; Phuket’s average annual income per head is at Bt390k, 62% higher than the country’s overall average.

Comment: Let’s see how quickly they can ramp up occupancy – I suspect it should be better than the market expects

ITEL sells PP 628m shares at Bt1.61, total Bt1.01b to SEAX Asia, a subsidiary of Singapore-based SEAX Global to expand regional connectivity to accommodate rising demand from hyperscaler, OTT, Cloud Provider and AI infra.

Comment: Now that’s an interesting development. ITEL was amongst the first in Thailand to go down the data center route – have always wondered when they would spin these assets off into a REIT vehicle.

MOSHI firms on plan to add 15 stores by end of year, mulls adding 2k new items to ride gift exchange trend on holiday season, rolls out gift set and characters collection products to boost revenue per bill.

Comment: Nicely well-run business that has a boost once in a while with trends

MRDIYT has joined forces with the Ministry of Commerce in the “Ruam Jai Thai Fuen Daen Tai” (Thai Unity, Restore the South) project to support flood victims in the Southern Thailand. The initiative focuses on post-disaster home rehabilitation, with MR. D.I.Y. delivering more than 15,000 essential cleaning items valued at over Bt1.6mn.

TLI’s agent has her insurance license revoked by the Office of Insurance Commission (OIC) after uncovering a large scale premium fraud scheme where she misled at least 12 policyholders by collecting advance premium payments to her account in exchange for a 15% discount or gold incentives. OIC has ordered TLI to take responsibility for damages caused.

BMTA to open e-bidding for 1,520 e-bus contract on Dec 23, sets starting price at Bt15.32b for a 7-yr contract.

MACRO: consensus expects BoT’s MPC on 17 Dec to cut 25bps to 1.25%, a case reinforced by TH’s -0.49% inflation in Nov; an 8-consec month streak below zero + flooding in the south. The THB has also appreciated +7% YTD, a relating and supportive to lower rates.

AUTO: EVs saw record bookings at the 42nd MotorExpo. FTI maintains its 2025 production target of 1.45m units; 950k for export / 500k for domestic. Overall car sales resilient +24%yoy Oct (47k units), again largely from EVs, while truck sales declined. 10M25, domestic sales +3.92%yoy to 495k units.

BMTA to open e-bidding for 1,520 e-bus contract on Dec 23, sets starting price at Bt15.32b for a 7-yr contract.