Best Quarter: 4Q22 will be SC’s best quarter since pre-COVID era. Business plan unveiled; more high-end launches in 2023. Better-than-expected recurring income, especially the hotel biz.

TTTBB’s turnaround to black ink expected in 2026. High likelihood of Lease Agreement termination after Jan 29, 2032. The launch of AISIF Infrastructure Fund looks probable.

BJC is much more than a grocer. Moderate earnings recovery lined up for 4Q22 and 2023. The IPO of BIG C would add to BJC’s 2023 earnings.

We expect CK to sign a few large infra projects in FY23F (the Luang Prabang hydropower project, the Orange Line and the Double Deck Expressway). We revise up our net profit forecasts by 4-69% for FY23-24F on the back of revenue recognition from the....

PTT needs to carve out THB6.0bn EBITDA from the GSP business to subsidise EGAT’s gas cost. PTT may also need to subsidise Ft charges if gas cost becomes excessive.  

The cancellation of VTO process—no impact on TRUE fundamentals. NBTC’s five attached remedial conditions are manageable. Nadir of 1Q22 service revenue; a further rise seen in 4Q22.