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