MFC / 88TH – MFC clarified its 13.85% stake in 88TH resulted from a share transfer under Thailand’s Ministerial Shareholding Act and that MFC is not the ultimate beneficial owner, despite becoming the second-largest shareholder.

Comment: Uh huh…and the ultimate beneficial owner isn’t disclosed?

AOT – Noted that Indonesia’s Citilink (Garuda Group) launched daily Jakarta–Bangkok (DMK) flights, supporting inbound regional travel.

BCPG – The company has temporarily removed Mr. Natthakorn Athithanavanich from authorized signatory duties after he voluntarily requested to abstain from board meetings and document signing for 45 days.

Comment: Amusing developments over there. But perhaps at the end of the day nothing will change.

COM7 – Reduced registered capital by retiring 12.3m treasury shares, following completion of its share repurchase programme.

DITTO –  Outlined its four-year strategy focused on comprehensive digitalisation and data conversion, targeting ≥20% revenue growth by 2026, driven by recurring income from document management and data connectivity services.

Comment: There’s still a stink on the governance of this company IMO.

EA – Continued financial restructuring after bondholders across 12 tranches approved revised debt terms, strengthening liquidity and reinforcing market confidence.

Comment: Bondholders can’t seem to accept that their holdings are worthless.

EGCO Announced a THB 30bn investment budget for 2026, targeting gas-fired and renewable M&A, with two U.S. deals expected to close in 2Q26. EBITDA is guided above THB 10bn, supported by U.S. assets and full-year contribution from Philippine power plants. Separately, EGCO completed the acquisition of an additional 10% stake in Linden Cogen (980MW, New Jersey), lifting attributable capacity by 98MW with immediate earnings contribution. Plans to divest two domestic power plants under an asset recycling strategy.

Comment: It is cheap on asset value, earnings etc..but where’s the bid going to come from?

JKN – The SET cautioned investors ahead of JKN’s delisting by 27 December, citing false disclosures in FY66 financial statements and failure to submit FY67 accounts.

Comment: A shame – would’ve genuinely loved to see shim succeed.

M –  Will open its 16th “Bonus Suki” all-you-can-eat hotpot branch in Nakhon Pathom on 22 December, with further outlets planned in Bangkok and Chiang Mai.

Comment: Competition is ridiculously fierce.

MMM – Signed a THB 1.2bn sales management contract for a low-rise residential project in the Rangsit–Khlong 9 area and is in talks for 1–2 additional high-rise projects.

MOSHI –  Provided positive 4Q25 guidance as 15 new branches become fully operational, with management expecting double-digit revenue growth in 2025–26 and plans to open 35 additional branches.

Comment: How many stores can they get to?

PTTGC – Received a SET ESG Ratings AAA for the third consecutive year, reinforcing its position as a leader in sustainable chemicals and its commitment to a Net Zero 2050 target.

SAMTEL – Reported THB598mn in contracts signed month-to-date, including PEA meter maintenance, a data recovery centre for smart metering, and telecom system upgrades for NT.

SINGER – Approved the resale of 13.9m treasury shares (1.69% of paid-up capital) between 23–26 December 2025.

Comment: Ouch. Wonder where the liquidity has come from for them to exit.

TOP – Thai Oil reaffirmed that it has not exported petroleum products to Cambodia since mid-2025 and has instructed all customers to comply, aligning export plans with government policy following tighter border export controls.

Comment: Who cares, we just want to see them play around w/ their b/s to offset any potential recap risk, and they’re doing a great job of it.

THAI – Confirmed its AGM on 19 December will proceed in compliance with company bylaws and public company law, under the ongoing rehabilitation process.

Comment: We are all just waiting for them to join the SET50.

Thai Steel Associations – Ten steel industry associations urged the government to tighten production standards, emphasizing public safety over cost considerations before allowing factories to resume operations.

EXIM Bank – Forecast Thailand’s 2026 exports to grow only 0–2%, highlighting structural challenges, particularly among SMEs, and rolled out financing and export insurance measures to support competitiveness.

Thai Banks – Six major commercial banks set aside THB 160bn+ in cash to meet liquidity needs during the 2026 New Year holiday period.

State Railway of Thailand (SRT / SRTA) – Approved the commercial development of 10 land plots nationwide valued at THB 27.5bn, with potential long-term revenue exceeding THB 100bn. The first project will be at Bang Sue, earmarked for a new Transport Ministry complex starting FY26.