Thailand - Market factors to watch on April 23

Mon Apr 22, 2013 10:13pm EDT

BANGKOK, April 23 (Reuters) - Following is some
company-related and market news that could affect the local
market.
    
 ----------------------MARKET SNAPSHOT @ 0201 GMT ------------
                     INSTRUMENT   LAST       PCT CHG   NET CHG
 S&P 500                          1562.5       0.47      7.250
 USD/JPY                          99.13       -0.07     -0.070
 10-YR US TSY YLD                 1.6894          --    -0.005
 SPOT GOLD                        1422.54     -0.18     -2.600
 US CRUDE                         88.94       -0.28     -0.250
 DOW JONES                        14567.17     0.14      19.66
 ASIA ADRS                        138.92       0.10       0.14
 THAI STOCKS                      1559.10      0.88      13.64
 -------------------------------------------------------------                    
 
 
    GLOBAL MARKETS-Asian shares steady, China flash HSBC PMI
eyed 
    SE ASIA STOCKS-Manila, Bangkok outperform; banks strong
after Q1 
    
    STOCKS AND FACTORS TO WATCH
    
    -- KRUNG THAI BANK PCL 
    Thailand's second-largest lender by assets reported a 34
percent rise in quarterly net profit on Monday, due to rising
loan growth, higher fee income and dividends from the state
Vayupak fund. 
    
    -- IRPC PCL 
    Moody's Investors Service has placed the Baa3 corporate
family rating and senior unsecured bond rating of IRPC under
review for possible downgrade. 
    
    -- CP ALL PCL, SIAM MAKRO PCL 
    The large and growing cash pile sitting on the books of Thai
corporations has found another target as CP All, the flagship
retail business of Thailand's richest man, weighs a takeover of
wholesaler Siam Makro Pcl.
    
    -- Thailand's central bank is worried about the baht's rapid
rise but is unlikely to impose "draconian" measures to rein it
in, an assistant governor said on Monday, adding that Thailand
should no longer be a low-wage, cheap-currency economy.
 
    
 
   MARKET NEWS
 > Wall Street gains with Microsoft; Netflix jumps after the
bell 
 > Bonds firm as signs of US slowdown underpin           
 > Yen bears regroup after attempt at 100 barrier fails again
 
 > Gold falls from 1-week high; ETFs slip               
 > Brent oil rises above $100/bbl on equity gains        
 > Thai press digest                                
 > Political risk box on Thailand                 
 
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 (Compiled by Viparat Jantraprap)
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