STOCKS NEWS THAILAND-Minor Int'l at all-time high after expansion plans

Tue Jan 8, 2013 11:40pm EST

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Shares in Thai hotel and fast-food chain operator Minor International Pcl hit their all-time high, after the company said it plans to spend at least 40 billion baht ($1.3 billion) through 2017 on expansion and acquisitions.

Minor shares were up 0.5 percent at 21.1 baht, climbing at one point to 21.2 baht. It ended up 1 percent at 21 baht on Tuesday, setting a record finish for a second session, after company's CFO told Reuters of investment plans to boost growth.

Eleven out of 16 analysts tracking the company have a 'buy' or a 'strong buy' rating, three has a 'hold' and two have a 'sell' or a 'strong sell', according to Thomson Reuters Starmine.

1129 (0429 GMT) (Reporting by Viparat Jantraprap in Bangkok; Editing by Anand Basu)

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11:02 STOCKS NEWS THAILAND-KCE Electronics near 9-year high on earnings hope

Shares in KCE Electronics Pcl KCE.BK rose to their highest level since March 2004 amid expectations the electronic component manufacturer would report strong earnings for the fourth quarter of 2012 and a record high earnings for 2013.

KCE shares were up 1.8 percent at 11.2 baht, having hit 11.3 baht, versus a 0.6 percent gain of the electronic components subindex .SETEC. About 15.4 million shares changed hands, 2.6 times the average full-day volume in the last 30 days.

Maybank Kim Eng Securities forecast the company to report a rise in normalised profit for the fourth quarter to 100-120 million baht ($3.29-$3.94 million). It expects KCE's 2013 net profit to reach a record high of 604 million baht.

"We have a positive view on KCE 2013 forecast earnings after the 97 percent acquisition of Chemtronic Technology in the third quarter of 2012 that strengthens KCE business, reduces long-term costs and will drive the gross margin upward," it said.

The broker said KCE was its electronic top pick, with a fair value target of 12.9 baht.

1051 (0351 GMT)

(Reporting by Viparat Jantraprap in Bangkok; Editing by Anand Basu)

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