Chewathai Public Company Limited develops, sells, and rents properties in Thailand. Its projects include houses, town homes, home offices, condominiums, and commercial shophouses, as well as ready-built factories for rent. The company was incorporated in 2008 and is headquartered in Bangkok, Thailand. It is a subsidiary of Chartchewa Company Limited.
SCC to unveil petrochemical JV structure on October 29, 2026
Siam Cement, or SCC, is drawing close attention after its share price jumped sharply on expectations of a major deal in the petrochemical business. CEO Thammasak Sethaudom said that on October 29, 2026, the company will disclose details of the JV structure between SCGC and PTTGC in the olefins and polyolefins business, covering both the transaction steps and the benefits of the deal. Although SCC's total revenue may decline, net profit, cash flow and EBITDA are likely to rise on better margins and synergies, while reducing duplication and costs and strengthening raw material supply.
On the telecom side, Samart Telcom, or SAMTEL, has positive news, with CEO Jong Diloksombat moving ahead through Cycare Info Co., Ltd., an indirect subsidiary, after signing a contract with the IEAT worth 146.20 million baht for a project to establish a cyber operations center and data backup center, or DRC, at the SMART PARK industrial estate. Delivery is scheduled by April 27, 2027, adding to the backlog and supporting the cybersecurity theme.
AssetWise, or ASW, is pressing ahead with business expansion after 39 Estate, in which ASW holds a 99.99% stake, acquired Chewathai Estate 3 from CHEWA, with the deal completed on October 6, 2026. ASW Chief Executive Officer Kamchet Wiphanpong is continuing to build on the real estate business, while CHEWA focuses on increasing cash flow amid liquidity concerns. A bondholders' meeting on October 7, 2026 has key agenda items including a waiver of default, an extension of the redemption date and adjustments to early redemption conditions.
Kitti Ngamjettanarom, head of the technology executive team at AIS, Advanced Info Service Public Company Limited, or ADVANC, believes the new-era network must move from a connectivity grid to a National Intelligent Infrastructure offering speed, stability, security and the ability to handle real-time data. AIS is moving ahead under its WISE Framework after launching 5G-ADVANCED, particularly Uplink 2CC, which now covers 100% of Bangkok, making the Thai capital the world's first capital city with citywide 5G-ADVANCED Uplink coverage. It also boosts upload speeds by up to two times and is expanding to all 77 provincial capitals, while Downlink 3CC, which combines the 2600, 700 and 2100 MHz bands, raises download speeds by up to 1.5 times and targets full Bangkok coverage by the end of 2026.
On the investment side, Jirapaiboon Rattanaphanurak, Head of Wealth Research & Advisory at CIMB Thai Bank, or CIMBT, sees the fourth quarter of 2026 market facing pressure from inflation, oil prices and higher US bond yields, but still believes the market can cope thanks to strong listed-company earnings and momentum from AI investment. CIMBT has therefore upgraded its weighting on US and non-Japan Asian equities to Overweight and recommends a Barbell strategy combining Quality Growth stocks that benefit from AI with quality fixed income and alternative assets.
Cybersecurity & Digital Trust › Network Security & SASE ▲Capital
SCC.BK · Capital · Positive SCC will unveil the SCGC-PTTGC olefins/polyolefins JV structure on Oct 29, 2026, expected to lift net profit, cash flow and EBITDA via synergies and lower costs.
ASW.BK · Capital · Positive ASW's 99.99%-owned 39 Estate completed acquisition of Chewathai Estate 3, expanding its real estate business.
PTTGC.BK · Capital · Positive PTTGC is part of the SCGC-PTTGC olefins/polyolefins JV whose structure SCC will unveil on October 29, 2026.
SAMTEL.BK · Demand · Positive SAMTEL subsidiary Cycare Info signed a 146.20 million baht IEAT contract for a cyber operations and data backup center, adding to backlog.
SCG Chemicals Public Company Limited (SCGC) · Capital · Positive SCGC is the SCC unit forming the olefins and polyolefins JV with PTTGC, whose structure and deal benefits will be disclosed on October 29, 2026.
CHEWA.BK · Capital · Neutral CHEWA sold Chewathai Estate 3 to ASW and faces liquidity concerns with a bondholders' meeting on default waiver and redemption extension.
ASW acquires Chewathai Estate 3 from CHEWA for 99.99%
AssetWise Public Company Limited, or ASW, through 39 Estate Company Limited, a subsidiary in which it holds a 99.99% stake, has acquired Chewathai Estate 3 Company Limited, or CE3, from Chewathai Public Company Limited, or CHEWA, comprising 9,999 shares, representing 99.99% of CE3's registered and paid-up capital. As a result, CE3 becomes a subsidiary of ASW. All conditions precedent under the share purchase agreement were fulfilled on 6 October 2026, the date the transaction was completed. Following the transaction, CE3 has registered capital of 1 million baht, divided into 10,000 ordinary shares with a par value of 100 baht each, with 39E holding 99.99% and Mr. Kromchet Viphanphong holding 0.01%. The acquisition aims to support and extend ASW's real estate development business. Meanwhile, CHEWA stated that the sale is intended to increase the company's operating cash flow, and that as the issuer of debentures CWTTH26OA, CWTTH272A, CWTTH276A, CWTTH27NA, CWTTH27NB, CWTTH282A and CWTTH283A, it will hold another meeting of the holders of those debentures on 7 October 2026, with key agenda items including granting a waiver so that the holding of a debenture holders' meeting to adjust debt repayment terms is not treated as an event of default under the rights specifications of certain tranches, extending the debenture maturity dates, and amending the conditions for early redemption of the debentures before maturity.
SEC urges debenture holders of Chewathai to exercise voting rights at the 7 October meeting after the first round failed to reach a quorum
Chewathai Public Company Limited, as the issuer of debentures CWTTH26OA, CWTTH272A, CWTTH276A, CWTTH27NA, CWTTH27NB, CWTTH282A and CWTTH283A, convened the first debenture holders' meeting of 2026 on 30 September 2026, but the number of debenture holders attending did not constitute a quorum as required under the rights terms. It has therefore scheduled another meeting of the holders of these debenture series for 7 October 2026 at 2:00 p.m., to be held by electronic means. The key agenda items include granting a waiver so that the holding of a debenture holders' meeting to amend repayment terms is not treated as an event of default under the rights terms, for certain series only; extending the maturity date of the debentures; and amending the terms for early redemption of the debentures before maturity. The SEC has required the debenture holders' representative to clearly analyse the advantages, disadvantages, benefits and impacts that debenture holders would receive from approving or not approving each resolution, for each option, together with supporting reasons and the opinion of the debenture holders' representative. The SEC therefore urges debenture holders to study the information carefully, exercise their rights to protect their interests, and seek information from the debenture holders' representative so that they have complete information to decide how to vote at the debenture holders' meeting.
SEC warns CHEWA bondholders of 7 series to re-vote on 7 October after meeting fails to reach quorum
The Securities and Exchange Commission (SEC) disclosed that Chewathai Public Company Limited, or CHEWA, as issuer of bonds CWTTH26OA, CWTTH272A, CWTTH276A, CWTTH27NA, CWTTH27NB, CWTTH282A and CWTTH283A, held the first bondholders' meeting of 2026 on 30 September 2026, but the bondholders attending did not constitute a quorum as required under the rights terms. The company must therefore hold another bondholders' meeting for all seven series on 7 October 2026 at 2:00 p.m. via electronic means, or E-meeting. The key agenda items include granting a waiver so that the holding of bondholders' meetings to adjust debt repayment conditions is not treated as an event of default under the rights terms, for certain series only; extending the bond maturity dates; and amending the conditions for early redemption of the bonds before maturity. The SEC requires the bondholders' representative to clearly analyse the pros and cons, benefits and impacts that bondholders would receive from approving or not approving each resolution, for each option, together with the reasons and opinions of the bondholders' representative. The SEC therefore urges bondholders to study the information carefully, exercise their rights as bondholders to protect their own interests, and seek various information from the bondholders' representative so that they have complete information for deciding how to vote at the bondholders' meeting.
CHEWA.BK · Capital · Negative CHEWA bondholders failed to reach quorum and must re-vote on waivers, maturity extensions, and early-redemption changes, signaling debt-repayment stress.
CHEWA issues two bond tranches with maximum interest of 7.60%, subscription opens 14-16 September
Chewathai Public Company Limited, or CHEWA, is preparing to offer two tranches of long-term bonds with a maximum interest rate of 7.60% per annum to institutional and high-net-worth investors. Subscription opens from 14 to 16 September 2026. The first tranche has a tenor of 1 year and 7 months with a fixed interest rate of 7.40% per annum, and the second tranche has a tenor of 1 year and 11 months with a fixed interest rate of 7.60% per annum. Interest is paid every 3 months. The bonds are offered through 4 leading securities firms, with Chatcheewa Company Limited acting as guarantor and major shareholder with a 67.64% stake as of the end of 2025. The guarantor had total assets of 1.69 billion baht and shareholders' equity of 1.63 billion baht, representing approximately 96% of total assets, reflecting a capital structure with no significant debt burden. CHEWA operates primarily in residential real estate development. As of the second quarter of 2026, it had a backlog awaiting ownership transfer of 738 million baht, and it is also expanding into recurring income business with 4 rental factories in Amata City Industrial Estate, Rayong Province, which are expected to start generating revenue from the fourth quarter of 2026 onwards. High-net-worth investors can subscribe with a minimum of 100,000 baht and in multiples of 100,000 baht.
Thailand