ECF reported fire incident at rubberwood furniture manufacturing plant in Rayong province, spray-painting area & part of the production area affected, 2 employees were minorly injured, no fatalities were reported.

Comment: Be wary of these shares….there’s a “financing group” that are experts in “creating liquidity” involved now.

ICN wins 2 contracts including integrated digital radio communication services and fibre optic maintenance & backup contract from Provincial Electricity (PEA) total Bt411.07m.

SHR sees 2Q25 earnings improves yoy from absence of loss-sharing from SO/Maldives, lower interest exp at Bt240m/quarter vs Bt290m yoy, 3Q to return profit supported by reopening of SAii Laguna Phuket & turnaround UK portfolio, maintain Bt11b FY revenue target.

Comment: Interest is still killing the #’s here, but on “asset value” it is “cheap”

THCOM: relief aft key client of Thaicom-10 satellite, Eutelsat, completed cash call, brings its gearing to 2.5x from 4x, eased concerns over counterparty risk and stability of Long-Term revenue.

Comment: There’s still a decent Mid-Term story here – but the question is still just what price to pay