Thai Hot Stocks - MCOT, Hemaraj, oil stocks gain

BANGKOK, May 14 (Reuters) - Thailand's benchmark stock index .SETI was flat at 839.4 points by 0415 GMT on Wednesday.

Stocks on the move included:

- State-owned MCOT PCL MCOT.BK jumped five percent to 26 baht, having hit its highest in eight days at 26.75 baht after its strong television and radio advertising revenues helped push first-quarter net profit up 1.3 percent. [ID:nBKK146297]

Thanachart Securities said in a research note it set a "buy" rating on the stock and a share price target of 34 baht.

0358 GMT

- Hemaraj Land and Development PCL HEMR.BK rose 3.3 percent to 1.24 baht after the property developer's first-quarter net profit more than doubled to 516 million baht.

This was fuelled by a 31 percent rise in quarterly sales of 1.53 billion baht, the firm said in a statement.

0402 GMT

- Top oil and gas firm PTT PCL PTT.BK and PTT Exploration and Production PTTE.BK (PTTEP) climbed after oil prices rose to a fresh record high near $127 a barrel.