CPN: Investing Bt800m in Disney–TAT year-end campaign, targeting +25–30% 4Q25 foot traffic.

KTC: Targets 1–2% loan growth, 250k new cardholders in 2026; NPLs guided below 2%, margin supported by lower credit costs.

Comment: What does that say about the economy if loan growth is +1-2% from this unsecured loan player…

PRM: Exploring OSV expansion into Middle East to diversify earnings.

Comment: They’re going to learn that competition is YUGE in ME

SPALI: Reports 90% occupancy at Supalai Icon Sathorn; COD in 1Q26.

Data Centers: BOI approval of 11 projects (Bt185bn) underpins earnings momentum for GULF, BGRIM, WHA, AMATA into 2026.

Comment: It’s a good story. The net benefit to Thailand is minimal, other than the IEs and power players. If one digs further into the numbers the data centers aren’t all going to WHA and AMATA , it’s still a basic real estate play i.e cheap land, access to reliable and cheap utilities – and that’s it. Unless the IE player is going to come in with a full package i.e. all the hardware components that fit the requirements of the providers

BOI: Confirmed House dissolution will not affect investment promotion. Board advances 16 Fast-Pass pilot projects (Bt170bn) and prepares EV and semiconductor strategy proposals.