ECL sees YTD loan growth +30% yoy, expects HP demand remain strong in 4Q as EV boom brings price of ICE vehicle down, more vehicles change hands in used car market, firms Bt7.5b FY loan book target.
PRINC raised holding in Pewdee Clinic Esthetics by 38% to 93% from 55% prior for Bt106.4m, will restructure biz and amalgamate with Pongsak Clinic Medicine to boost growth in skin and aesthetic biz, expand segment coverage and benefit from economy of scale, transaction to be completed within 4Q.
Comment: Another player going into the “aesthetics” industry, basically the human vanity play remains strong in Thailand…and why couldn’t Thailand be the center for this in the region? Currently Korea is there, perhaps it’ll remain as the “luxury/premium” play, but Thailand knows how to do the mass market luxury better than anyone else.
SCGP is likely to miss Bt160b revenue target this year, after Bt97.5b in 9M23, eyes 2 M&P worth <Bt1b.
SCN reaffirms solid 3Q from strong rev from LNG transport, contribution from 25mw solar thru subsidiary, Scan Advance Power (SAP), mulls spin-off renewable unit next year to unlock value, target 45mw capacity by 20-FY24.
SIRI launches 5 up-market SDH project valued at Bt10.2b presales kick-off Oct 28-29.
Comment: Srettha needs a brand new bag son.
WINDOW: PVC & aluminum window & doors manufacturer, Window Asia, debut IPO 244.4m shares at Bt 2.1 apiece, UOBKH FA, CIMB leads.
Comment: Well that’s a $hit IPO.