BANGKOK, Nov 10 (Reuters) - Thai stocks are set to extend
recemt gains on Tuesday, helped by the trend on foreign markets
after comments by the Group of 20 countries, which pledged to
continue support for the global economy, analysts said.
PTT PCL PTT.BK will be in focus ahead of its quarterly
results, due after the market closes. Thailand's top oil and
gas firm is likely to report a slight fall in net profit due to
lower contributions from its exploration and refinery
businesses.
"There should be a further rise in our market after rallies
on overseas markets, and a revival in U.S. tech shares after
their earnings will also support the mood, broadly," said Chai
Jirasevenupraphund, a strategist with Capital Nomura
Securities.
Most major Asian market gained more than 1 percent in early
trade after the Group of 20 finance ministers pledged to keep
economic stimulus programmes in place until a recovery was
assured. [ID:nLQ516726]
Resistance on the Thai main index .SETI is expected at
725 and support at 705, analysts said.
On Monday, the benchmark SET .SETI index closed up 2.13
percent at a near-two-week high of 713.48, boosted by a rise in
PTT after world oil prices rose.
Click [TH/TRADING01] for cumulative trading value by
investor type. ----------------------MARKET SNAPSHOT @ 0037 GMT
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INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1093.08 2.22% 23.780
USD/JPY JPY= 89.95 -0.01% -0.010
10-YR US TSY YLD US10YT=RR 3.4951 -- 0.011
SPOT GOLD XAU= 1104.8 0.09% 0.950
US CRUDE CLc1 79.48 0.06% 0.050
DOW JONES .DJI 10226.94 2.03% 203.52
ASIA ADRS .BKAS 125.61 2.51% 3.07
-------------------------------------------------------------
MARKET SUMMARY > NYMEX-Crude holds below $80 after rise on
storm, dollar[O/R] > Dow hits 2009 high in rally on bigger risk
appetite [.N] > FOREX-Dollar near 15-month lows,
high-yielders soar [USD/] > TREASURIES-Prices steady to
higher after upbeat auction[US/] > PRECIOUS-Gold holds above
$1,100/oz as rally pauses [GOL/]
STOCKS AND FACTORS TO WATCH
- PTT Aromatics and Refining PCL (PTTAR.BK)
Top integrated aromatics refinery reported a net profit in
the third quarter, turning round from a net loss a year
earlier, due to higher petrochemical income and the absence of
inventory losses. [ID:nBAK002923]
- Charoen Pokphand Foods PCL CPF.BK
Thailand's top chicken exporter reported record quarterly
earnings thanks to higher exports plus a fall in costs that
boosted margins. [ID:nBKK93774]
- Cal-Comp Electronics CCET.BK
The producer of electronic equipment reported a 31 percent
fall in third-quarter net profit to 444 million baht, below
analysts' forecast. [ID:nBAK002921]
- Bangchak Petroleum PCL BCP.BK
The oil refiner said it returned to a net profit of 2.15
billion baht against a net loss of 252 million baht it made a
year earlier. [ID:nBKK23485]
- 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=33.30 Baht)
(Reporting by Arada Kultawanich; Editing by Alan Raybould)
