SC: Sold its 40% stake (8mn shares) in SC CD4 to Tokyo Tatemono Thailand (TTT) for Bt104.5mn; both firms will jointly develop a new project in the Rama IV area.

Comment: Given how the Yen keeps dropping, perhaps this explains all of the conglos thinking about investing throughout the world.

TOP: Moody’s affirmed its Baa3 senior unsecured debt rating, reflecting a stronger balance sheet after proactive debt reduction in 2025. Outlook remains negative due to lingering execution risks at its Clean Fuel Project.

Comment: All that fear over a recap has subsided.

THCOM: To join the Bt5.5bn USO Phase 3 broadband bidding in Nov, which includes satellite-based internet expansion to areas not covered by fiber or mobile networks.

TURBO: To launch an insurance brokerage business leveraging its branch network and existing consumer finance client base.

Comment: Usual gameplan for this type of business…and then in the future they’ll increase fees and blah blah blah

Government: Let’s Go Halves Plus co-pay stimulus program to run from 6 a.m. tomorrow (Oct 29) through Dec 31, with 560k merchants participating