Thai stocks set to rise, IRPC in focus

BANGKOK, Nov 6 (Reuters) - Thai stocks are expected to
track overseas markets higher on Friday, boosted by positive
U.S. economic data and some better-than-expected quarterly
profits, analysts said.

Petrochemicals firm IRPC PCL IRPC.BK should be in focus
after it reported a net profit of 2.3 billion baht in the third
quarter, well above expectations, against a loss of 4.43
billion baht a year earlier. [ID:nBAK002918]

"The market should rebound following overseas markets. But
the rise might be capped by concern about political issues as
the latest diplomatic action between Thailand and Cambodia
doesn't look good," said Chakkrit Charoenmetachai, an analyst
with Far East Securities.

Thailand and Cambodia recalled their ambassadors from each
other's countries on Thursday, deepening a diplomatic row after
Cambodia made fugitive former Thai Prime Minister Thaksin
Shinawatra an economic adviser. [ID:nBKK246900]

On Thursday, the benchmark SET index fell 0.66 percent to
681.91, dragged down by profit-taking in major banks and energy
heavyweights.

Click [TH/TRADING01] for cumulative trading value by
investor type. ----------------------MARKET SNAPSHOT @ 0018 GMT
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INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1066.63 1.92% 20.130
USD/JPY JPY= 90.74 0.07% 0.060
10-YR US TSY YLD US10YT=RR 3.5331 -- 0.006
SPOT GOLD XAU= 1088.75 -0.07% -0.800
US CRUDE CLc1 79.73 0.14% 0.090
DOW JONES .DJI 10005.96 2.08% 203.82
ASIA ADRS .BKAS 122.66 1.35% 1.63
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MARKET SUMMARY > Oil falls below $80; demand outlook uncertain

[O/R] > Wall St rallies on economic data, Cisco
[.N] > Dollar steadies ahead of October jobs report
[USD/] > TREASURIES-Steady rate outlook supports short end
[US/] > Gold falls on investors disappointment, eyes
$1,100[GOL/]

STOCKS AND FACTORS TO WATCH

- ADVANCED INFO SERVICE ADVA.BK

Top mobile phone operator releases quarterly results at
midsession. The company is forecast to post a 13 percent fall
in net profit, the lowest of this year, due to the adverse
impact of a weak economy.

- Vinythai VNT.BK

The country's second largest polyvinyl chloride (PVC)
producer reported a net profit of 371 million baht in the third
quarter, down 45 percent from 680 million baht a year earlier.

- Telecom firms .SETIC

Thailand's auction of third-generation mobile phone
licences could be delayed yet again by at least one month from
next February, a regulatory official said on Thursday, citing
the need to clarify legal issues. [ID:nBKK447277]

- The Bank of Thailand's governor said its policy rate
could well stay at a record low of 1.25 percent beyond the
middle of 2010 if economic conditions do not improve.
[ID:nBKK196535]

- Thirteen Thai fund managers have launched over 60 new
mutual funds since Oct. 1 that could invest a combined $2.2
billion in South Korean monetary stabilisation bonds, industry
officials said [ID:nBKK202530]

- 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=33.40 Baht)
(Reporting by Arada Kultawanich; Editing by Alan Raybould)