CRC: Shareholders approved the sale of the Rinascente mall in Italy. The Bt14.7bn proceeds will be used to fund growth in Southeast Asia and repay loans, reducing total debt by Bt5.3bn. The company plans to allocate Bt7.7bn for a special dividend of Bt1.28/share, providing immediate returns to shareholders.

Comment: Such a scam on public shareholders…well done Central Group – you’ve now positioned yourself as a POS towards minority shareholders

GULF: 3Q25 net profit came in at Bt7.27bn, beating the Bt7.19bn consensus, supported by a wider margin from lower feedstock costs, contribution from its U.S.-based gas-fired power plant (Jackson Generation) in Illinois, the resumption of GSRC after a maintenance shutdown in 2Q, and higher share of profit from ADVANC.

Comment: Who doesn’t love a crony capitalist play? Now the question is the delta of the change going forward.

PTT: The board approved a shareholding restructuring of PTT Tank Terminal and the establishment of Tank Infra Co., which will acquire and operate jetties, storage tanks, and related assets from PTTGC, and form a new associate company with TOP.

Comment: Continued restructuring within PTT group. 

SSP: Began COD of its 22MW solar project (LEO 2) in Japan, selling power to TEPCO under a 15-year contract through 2040 at a feed-in tariff of JPY36/kWh.

WHA: Management reaffirmed readiness to participate in the “EECiti” smart city development, covering more than 14,000 rai. The project will strengthen WHA’s integrated businesses — industrial estates, logistics, energy, and digital solutions. Management expects 2025 land sales to exceed the 2,350-rai target, supporting continued revenue growth.

Comment: I love the idea of new cities being created…nothing better than being allowed to start from scratch. 

Prime Minister Anutin Charnvirakul is making an official visit to Singapore today to commemorate the 60th anniversary of diplomatic relations between the two countries.