Thai Hot Stocks-Thai Airways down after Q3, Banpu rises

Mon Nov 16, 2009 9:18am GMT
 
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 (Adds Thai Airways, Banpu)
 BANGKOK, Nov 16 (Reuters) - Thailand's benchmark stock
index .SETI was up 0.92 percent at 704.72 at 0915 GMT on
Monday.
 Stocks on the move included:
 THAI AIRWAYS THAI.BK DOWN AFTER WEAK Q3 EARNINGS
 National carrier down 1.52 percent at 19.40 baht, after
hitting an eight-day low of 19.30 baht, after it reported a
worse-than-expected net loss for the third quarter.
[nBAK002940]
 0906 GMT
 BANPU BANP.BK UP ON UPBEAT 2010 OUTLOOK
 Top coal miner jumped almost 4 percent to a 16-month high
of 486 baht on the positive outlook for the company's coal
business, dealers said.
 Siam City Securities said in a note it had raised its
earnings forecast for Banpu over the next four years to reflect
higher coal output from its Indonesian mines.
 0912 GMT
 CP ALL CPALL.BK HITS RECORD HIGH ON STRONGER OUTLOOK
 Top convenience store chain rose 5.3 percent to 22 baht,
having hit an all-time high of 22.20 baht in early trade, after
it posted a sharp increase in its quarterly earnings last week,
and brokers were positive on its profit outlook.
 Kasikorn Securities said it raised its earning forecast by
8.4 percent for this year and 8.6 percent for 2010.
 "CP ALL is still our top buy in the commerce sector based
on its solid financial status and unmatched competitiveness.
There is also still plenty of room for the convenience store
business in Thailand to grow," the broker said.
 0418 GMT
 CHAROEN POKPHAND FOODS CPF.BK HITS RECORD HIGH
 Shares in Thailand's largest chicken exporter were up 5.5
percent at 11.50 baht, coming off its highest since listing in
1987 of 11.60 baht in early trade.
 The stock extended Friday's 6.9 percent gain after equity
index provider MSCI added the share to its index.
[ID:nN11332167]
 0426 GMT
 TRUE CORP TRUE.BK UP ON Q3, BETTER OUTLOOK
 Shares in Thailand's only integrated telecoms firm rose
1.11 percent to 3.64 baht after it reported a
better-than-expected net profit in the third quarter, helped by
falling operating costs and foreign exchange gains.
[ID:nBAK002939]
 Ayudhya Securities said in a research note it expected True
to continue reporting higher profits in the fourth quarter
thanks to advertising revenue from its cable television
business. The broker also expected the company to return to net
profit of 588 million baht for the whole year.
 0359 GMT
 SHIN CORP SHIN.BK UP ON HIGHER Q3
 The country's leading telecoms group, controlled by
Singapore's Temasek Holdings [TEM.UL] through two
Thai-registered companies, rose 0.93 percent to a three-week
high of 27 baht after the company reported a 5 percent rise in
third-quarter net profit to 1.58 billion baht. [ID:nBAK002937]
 0317 GMT
 BIG C SUPERCENTER BIGC.BK DOWN ON WEAKER Q3 RESULTS
 Thailand's leading hypermarket operator, 36 percent owned
by the French Casino Group (CASP.PA), fell 1.2 percent to 42.25
baht after the company reported a 16 percent fall in
third-quarter net profit to 478 million baht, below market
expectations. [ID:nBAK002938]
 After the results, KGI Securities downgraded the company to
"underperform" from "neutral" and cut its 2009 earnings
forecast by 9.7 percent and its 2010 forecast by 8.4 percent,
citing higher operating costs.
 - For the Thai press digest click on [PRESS/TH]
 - For Thailand's IPO diary click on <TH/IPOMENU>
 - For Thailand's stock exchange news click on [TH-SET]
 - For Thailand corporate earnings: [TH-RES-RTRS]
 - For Thailand economic forecast: [POLL-ECI-TH-RTRS]
 ($1=33.20 Baht)
 (Reporting by Arada Kultawanich; Editing by Alan Raybould)

















































 

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