M: sees positive SSSG after dine-in curb lifted, expects meaningful turnaround 4Q, delay stores expansion to next year, online delivery is here to stay.
Comment: The market will be for the big boys.
OSP: plans to add more health & wellbeing products in 2H, sees positive sales momentum on C-Vitt vitamin drink & Co-brand vitamin B water by Yanhee hospital group, will launch cannabis & hemp beverage & personal care products next year.
Comment: More margin gains for OSP.
S: completed acquisition of 30% stake in 3 co-gen power gen, BGRIM Power Angthong 1,2 & 3, total 403mw, will book immediate contribution from 4Q.
Comment: Great move for S, not sure how they’re funding this, if through cheap long debt debt then they’ll be making a decent spread.
SNNP: mulls estimated snacks production plant in Vietnam to expand coverage across CLMV.
Comment: I wonder how strong this brand will be in VN. Yet to see a smaller thai co expand well regionally (excl Red Bull)
TEAMG: signed consultancy contract for BKK water supply improvement projects from Metropolitan Water works Authority total Bt 178m.
TQM: revised up annual premium sales target to Bt 17.5b from Bt 17.2b supported by larger market share yoy from omni-channel & online platform, tailwind from recent acquired True Life & True Extra, will launch insurance premium installment service & micro finance business next year.