CBG eyes no.1 domestic energy drink market share by FY22, targeting 20% revenue growth next year from CLMV sales, will finalize plan to list supermarket stores, CJ Express Group, within FY22.

Comment: CJ dominates eastern Thailand, didn’t know that eh? Yup a drive around there and you won’t see 7-11’s, tesco’s, bigc’s as much as you see CJ Express stores.

ERW to cod 2 budget hotels (Hop Inn) within 4Q, expects 4Q recovery from improved OCC thanks to long holidays, domestic tourism stimulus, no cash call plan in near term, Bt1.4b cash on hand provide sufficient liquidity.

Comment: One of the listed entites with the balance sheet, access to liquidity, necessary to survive another 6-12 months whereas all the smaller players struggle.

PTT sets Bt1trln 5 years capex to expand renewable energy, EV, medical equipment, drugs, mulls cutting coal mine investment in Indonesia.

S purges entire holding (51.56% of paid-up) of NVD to Somwattana Group, transaction completed within December.

Comment: Could that also explain S’s share price move before the announcement? From what I’ve learnt it was an envelope bidding process, both parties put down their price, opened it up and S lost to Somwattana Group (CEO/original founder of NVD). Back to S, this sale brings in THB 1.7 bn in cash to the group. A decent figure given that their market cap is THB 9bn.

SC plans to develop 3 micro-stay hotels under the Yanh brand in the Ratchawat and Huai Khwang areas, as well as on Pattaya Sai 2 Road as it remained confident in a tourism recovery within next few years.

SEAFCO secured 2 foundation work projects in November total Bt144.4m, XD tomorrow Bt 0.03 dps, pays December 9.

SISB sees recovery in 4Q on higher revenue recognitions and absence of extra items, sets 10-15% revenue growth target, and 200 new students.

STEC signs Bt1.86b U-Tapao airport development projects (phase1).

STGT to be added to FTSE All World Index (mid cap) on December 18.

TASCO reports completion of winding down of crude oil procurement from Venezuela as per request from the US State Department.

Comment: And now lets watch their margins…

TOP said its $1.6b refinery projects under CFP is 51% completed, hoping to boost capacity to 400K bbl/day, to book Bt5.5b gain from divesting GPSC to PTT in 4Q.

TQM to start insurance broker business in Cambodia & Laos from end of November, maintaining Bt15b full year insurance premium target after logged Bt12.9b 9M20, expects positive insurance sales momentum carry thru end of year from demand for tax incentives.

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