Shares in Oishi Group Pcl plunged as much as 21
percent to a three-month low of 160.5 baht after the food and
beverage firm reported a third-quarter net loss because of
weaker beverage sales in a highly competitive market.
Oishi shares were down 19 percent at 165 baht, while the
broader SET index was up 0.17 percent.
The Oishi stock has gained 161 percent so far in 2012,
outperforming a 42 percent rise of the food and beverage
subindex and a 26 percent gain of the SET index.
Oishi's results missed forecasts, with broker Phillip
Securities projecting a net profit of 226 million baht ($7.36
million) for the quarter. "We are reviewing our full-year
forecast and may lead to a price target cut," said an analyst at
1059 (0402 GMT)
For the company statement, click
(Reporting by Viparat Jantraprap in Bangkok; Editing by
Subhranshu Sahu; email@example.com)