Thai Hot Stocks-Bangkok Bank down, Thaicom up

Thu Jul 9, 2009 1:01am EDT
 
[-] Text [+]
 (Adds Bangkok Bank, Thaicom)
 BANGKOK, July 9 (Reuters) - Thailand's benchmark stock
index .SETI was up 0.05 percent at 576.13 at 0452 GMT on
Thursday.
 Stocks on the move included:
 BANGKOK BANK BBL.BK DOWN ON WEAK Q2 EARNINGS
 Top lender fell 1.5 percent to a two-week low of 101 baht
on expectation that the bank would report weak second-quarter
earnings later this month.
 Kim Eng Securities said in a note it expected Bangkok Bank
to report an 8.8 percent fall in net profit for the April-June
quarter due to falling loan growth and lower net interest
income.
 0440 GMT
 THAICOM THCOM.BK UP ON OPTIMISM OVER INDIA MARKET
 Shares in satellite operator rose 4.4 percent to a 10-month
high of 5.95 baht on speculation the company would launch new
services via its broadband satellite IPSTAR in India in the
third quarter.
 0415 GMT
 TELECOM FIRMS RISE ON HOPES OF BETTER PROFITS IN H2
 Shares in top mobile phone operator Advanced Info Service
ADVA.BK rose 2.45 percent to 93.25 baht, having hit 94.50
baht its highest since June 2008.
 Number two Total Access Communication DTAC.BK climbed 1.5
percent to a one-week high of 34 baht, third-ranked True Corp
TRUE.BK edged up 1.9 percent to 2.16 baht.
 Brokers said the companies' earnings should hit bottom in
the second quarter of this year and expect their profitability
to be back to normal in the second half. The issue of licences
for third-generation mobile services early next year should
also generate revenue.
 0329 GMT
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 - For Thailand economic forecast: [POLL-ECI-TH-RTRS]
 ($1=34.04 Baht)
 (Reporting by Arada Therdthammakun; Editing by Alan Raybould)






























































 

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