BJC :9M25 profit fell 24.7% y/y, pressured by weak economic conditions and store renovations. 170 Big C Mini stores were closed, while new openings lagged targets. Performance across business groups was mixed; in 3Q, packaging, healthcare & technical supplies, and retail all contracted. Retail remains the core revenue engine, with management continuing to close underperforming small formats while renovating large stores.

Comment: They’re going to have to find another growth driver otherwise they’ll just cut costs to the point where new competition can come in.

GPSC : The board approved a connected transaction involving land acquisition by IRPCCP (non-listed subsidiary, GPSC holds 51%) from IRPC.

PTG: Announced 2026 capex of Bt4–4.5bn, focusing on non-oil expansion as non-oil revenue approaches 35%. Punthai Coffee remains the key driver, targeting 800 additional branches and Bt10bn revenue contribution. Autobacs currently operates 127–128 branches, with plans to add ~50 more in 2026. Oil volume growth target is +5–10% y/y.

Comment: Still wondering when this name will become attractive in investors eyes.

SPVI:Rolled out in-store holiday campaigns to boost sales, focusing on cross-selling mobile accessories, Apple Care, and warranty products. Collaborating with financial institutions to offer installment plans to accelerate inventory turnover.

SUPER:Reported disposal of Daisy Solar and Apollo Solar to Levanta Renewables (Thailand) for Bt3.66bn. Share transfer completed with Bt2.85bn received, while the remaining Bt807mn is scheduled to be received by Dec 23, 2025.

SYNEX:Expects a strong 4Q driven by new IT product launches and wider margins from lower import costs amid a stronger baht. Maintains FY revenue target of Bt46.5bn and plans to invest Bt100mn in an innovation center.

Comment: Seeing this distributor go from strength to strength has been impressive over the past 2 decades.

TCAP:Sees a stronger 4Q earnings outlook, supported by seasonal contributions from its insurance unit, improved operations at THANI, and tailwinds from its 22% stake in MBK.

Comment: Where’s the turnaround in THANI’s numbers?

Finance Ministry has encouraged state-owned enterprises to accelerate imports and repay foreign debt to help lean against baht strength, signaling increased sensitivity to FX competitiveness.

Omoda & Jaecoo (Thailand), a subsidiary of Chery Automobile, plans to produce 28,000–30,000 BEVs locally in 2026. Around 85–90% of output will serve the domestic market under Thailand’s EV incentive schemes, with 10–15% earmarked for export to Australia, Europe, Indonesia, and Malaysia.

The Big Data Institute (BDI) under the Ministry of Digital Economy and Society outlined a strategic roadmap to advance Thailand’s data and AI ecosystem, focusing on interconnected datasets across public and private sectors, improved analytics, and faster crisis-response capabilities.