Thai Hot Stocks-Telecom firms, Somboon Advance, Siamgas up
(Adds Telecom firms, Somboon, Siamgas)
BANGKOK, June 8 (Reuters) - Thailand's benchmark stock index .SETI was down 1.45 percent at 595.54 points at 0828 GMT on Monday, dragged down by petrochemical, energy and bank stocks.
Stocks on the move included:
SIAMGAS SGP.BK HITS 9-MONTH HIGH ON OUTLOOK
Thailand's number two liquefied petroleum gas firm rose as much as 3.2 percent to a nine-month high of 6.45 baht, outperforming other energy firms which fell nearly one percent.
The company said it expected a 15 percent rise in 2009 earnings, higher than analysts' forecasts, as rising oil prices push consumers to alternative fuels. [nBKK480409]
0759 GMT
TELECOMS SECTOR .SETIC OUTPERFORMS MAIN INDEX
The telecoms sector rose more than 3 percent, outperforming the broader index, as investors snapped up laggard stocks after the market's recent rally.
Top mobile phone operator Advanced Info Service ADVA.BK (AIS) edged up 3.4 percent to 83.75 baht, its highest since March 30. Number two Total Access Communication DTAC.BK surged 6.25 percent to a three-month high of 29.75 baht.
True Corp TRUE.BK climbed 3.77 percent to 2.20 baht, its highest since October 2008.
The sector is trading at 9.09 times the median price-to-earning ratio, compared with 11.92 of the main SET index, according to Reuters data.
0733 GMT
SOMBOON ADVANCE SAT.BK UP ON A BROKER UPGRADE
The auto parts producer jumped 15 percent to 6.40 baht, its highest since November 2008, after broker Kiatnakin Securities raised its recommendation on the stock to "hold" from "sell".
Kiatnakin said it expected the domestic auto industry to recover in the second half of this year.
0733 GMT
CHAROEN POKAPHAND FOODS CPF.BK RISES ON PROFIT OUTLOOK
Thailand's top chicken exporter rose more than two percent to 4.52 baht, its highest since May 15.
CPF said on Friday its 2009 net profit would exceed the 3.1 billion baht ($91 million) it earned last year, and it expected to pay a higher dividend in 2009 compared to a year ago. [nBKK361403]
0340 GMT
ENERGY STOCKS .SETEN DOWN AFTER RECENT RALLY
PTT Exploration and Production PCL PTTE.BK, the most active stock, fell 1.77 percent to 139 baht. Top oil and gas firm PTT PCL PTT.BK dropped 0.9 percent to 229 baht, while refiner Thai Oil TOP.BK edged down 0.6 percent to 41.75 baht. Coal miner Banpu BANP.BK eased 0.30 to 345 baht.
0315 GMT
BANK STOCKS .SETB DOWN AFTER LAST WEEK'S GAINS
Bank stocks .SETB dropped 0.9 percent, led by a 1.5 percent drop at Bangkok Bank BBL.BK to 100.50 baht. Number two Krung Thai Bank KTB.BK fell 1.21 percent to 8.15 baht.
Siam Commercial Bank SCB.BK fell 0.96 percent to 77 baht, while Kasikornbank KBAN.BK dipped 0.36 percent to 68.50 baht.
0319 GMT
- 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=34.30 Baht) (Reporting by Arada Therdthammakun; Editing by Darren Schuettler)
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