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.

  1. Hello Pon, just a quick question for you. Any thought on CV? As you mentioned earlier, their IPO was a flop. I was wondering if you have some ideas why their share price is not moving…

    Thanks in advance.

    • No particular insight.

      Industry wide players are waiting for the Thailand PDP (Power Development Plan) to be completed and then perhaps we’ll see some moves.

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