Thai Hot Stocks-Shin at 3-wk high, Big C down after results
BANGKOK, Nov 16 (Reuters) - Thailand's benchmark stock index .SETI was up 0.4 percent at 701.11 at 0330 GMT on Monday.
Stocks on the move included:
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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