CIVIL targets 2026 revenue of THB 6.4bn with backlog of THB 12.8bn recognised through 2028. Preparing to bid for over THB 72bn in new work. 4Q25 outlook lifted by Krabi Airport and Rama 2 Expressway handovers.

Comment: I’m still of the viewpoint that we are seeing all the regional airports (and bangkok) seeing improvements and capacity expansions for the next wave of tourism.

COCOCO engages key coconut-water suppliers to prepare for stronger demand next year and supports its multi-year market expansion plans.

CPN outlines a five-year plan (2025–2029) with THB 120bn capex, adding 100k sqm rental space per year and opening three new malls in 2026. Residential backlog: THB 7.5bn through 2027.

CRC expects high single-digit sales growth for 2026–2028, with THB 50–55bn capex for Thailand and Vietnam expansion. Eyes new opportunities in ASEAN. Plans first special dividend of THB 0.70 per share this December from Italy divestment proceeds.

Comment: That’s all their paying? POS

MMM wins contract to sell 17 units of a low-rise project in Wongwaen–Lamlukka (value THB 60m). Expected transfer by 1Q26.

ORI reports 9M25 revenue of THB 7.44bn, with 9M pre-sales of THB 19.1bn and backlog of THB 40.98bn. Six projects worth THB 7bn set for transfer in 4Q25.

OSP targets mid-single-digit revenue growth in 2026. Capex of THB 400–500m will focus on innovation and digital. 4Q25 expected to improve QoQ with high season and 20 new SKUs.

Comment: Focus on innovation? They should just sell to CBG.

PRINC reports 9M25 revenue of THB 4.46bn, below expectations due to economic drag and fewer foreign patients. Accelerating restructuring and cost control, while expanding its hospital network toward 20 sites.

Comment: Question marks on their new development on Bang na next to the MQDC project…

PTT —Asset Monetization, JV Divestments & Aionex Stake Reduction: CEO Kongkrapan Intarajang said PTT plans to sell its entire stake in the EV JV with Hon Hai and part of its battery JV stake with Gotion High-Tech, raising THB 100bn in 2025–2026. As part of its Non-Hydrocarbon business review, PTT will also reduce its stake in Aionexto 25.7%, with completion expected by Q1 2026. The company continues to target LNG portfolio growth to 10mn tons by 2030, with strong institutional and foreign investor interest inPTT Tank.

Comment: Are you seeing the same thing? All PTT Group co’s are getting rid of their diworsifications.

SAMART aims for 2026 revenue of THB 13.5bn, supported by strong performance from SAV and increased contracts at SAMTEL. Expects FY2025 revenue growth of 10–15%.

Comment: SAV owns the skies of Cambodia…

SENA and Japan’s Macnica conduct Thailand’s first test of Perovskite Solar Cell (PSC) rooftops. Company notes the real estate outlook remains challenging next year due to weak economy and project slowdowns.

SPALI completes share buyback, accumulating 66.6m shares (total THB 957.8m) out of the 120m authorised

Comment: And now the power couple can continue w/ their own sharebuybacks.

TKC sees continued growth into 4Q25 with backlog above THB 2bn. Expanding into cloud services and software for higher-margin revenue mix. Reported 3Q25 profit of THB 56.8m (+10% YoY).

TKS posts 9M25 net profit of THB 174m (+857% YoY), driven by strong share of profit from affiliates and improved cost efficiency. Expects strong 4Q25 with gross margin maintained at 30–35%.

Comment: Now that’s an impressive figure. But when you look over the past few years then it’s just an improvement from the losses in 2024.

TQM expects 2026 revenue to grow 5–10%. Sees 4Q25 as the strongest quarter due to high seasonality and rising insurance sales. Open to JV/M&A for long-term revenue enhancement.