ICHI mulls selling international franchise of its JPN restaurant, Oishi Biztoro, seeks to expand selling channel via multiple formats to expand coverage, plans to open 30 new restaurants over next 3 years as dine-in recovery, focus costs management to stretch margin.

Comment: Because they haven’t done well with it..

KTB in collab with BJC to help the latter expand “Lan Don Jai” retail stores, targeting 30K stores by 2027.

Comment: Looks like the players are coming for 7-11 and CP

MINT targets 20% CAGR over next 3 years driven by hospitality, F&B and lifestyle business, sets Bt10b-15b capex to expand hotel port over next 3 years, mulls paying dividend from FY22 operation after reported FY results, expects to match pre-covid payout level at 30-35% of net profit.

Comment: On a profit basis, absolutely possible because of the low base effects…

NOBLE target 10 new launches, Bt23.3b, eyes Bt23b FY sales target & Bt15b FY revenue target, Bt19b backlog pending transfer and Bt11.3b ready to move in inventory support earnings.

OR mulls taking 25% stake in ZEN from AGB Siblings Holding, to have access to 11 restaurant brands, mulls 3 more M&A, sets Bt100b 5 years capex, emphasizing on non-oil.

Comment: Always been impressed by the current CEO of ZEN, this siblings holdco is related to the founders/cp family offspring.

PROEN acquires 19% of e-visa on arrival processing service, Gateway Service, for Bt95m, transaction to complete by eo-1Q23.

Comment: Well, I can see the story here…but 19%? Who are they helping to cash out.

SCB’s shareholder approves Bt100b bond, said interested in setting up a virtual bank, aiming to explore new business opportunities.

Comment: Because they’re broke and need the capital. If all their customers had to actually repay as per the original loan covenants, SCB would need to massively recap…

THCOM: regulator, NBTC, certify bidding winner for the orbital slot package.

TSTH reported net loss Bt86m for 3Q22 operation (eo-Dec22) vs Bt586m profit 3Q21, soft steel sales volume, elevated price of raw material & high energy costs bite earnings.

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