Thai Hot Stocks-Index bounces; Land & Houses up ahead of results

(Adds Land & Houses, electronic components firms)

BANGKOK, Aug 11 (Reuters) - Thailand's benchmark stock
index .SETI was unchanged at 643.72 at 0804 GMT on Tuesday,
rebounding from an early fall to 637.30.

Stocks on the move included:

LAND & HOUSES LH.BK UP AHEAD OF Q2 RESULTS

Shares in the biggest housing firm rose 1.7 percent to 5.85
baht ahead of its second-quarter earnings expected after the
close.

Analysts forecast a fall in the April-June net profit from
1.12 billion baht a year earlier as the economic recession hurt
consumer confidence and brought down home sales in the quarter.

A company executive told Reuters in late July that it
expected single-digit sales growth in 2009 -- revised up from a
target of flat sales and better than analysts' forecasts of a
fall -- because the political situation was more stable and the
economic crisis was easing. [ID:nBKK22404]

0807 GMT

ELECTRONIC COMPONENT SHARES DOWN; DELTA AT ONE-WEEK LOW

Shares in the electronic component sector fell because of
the weak earnings outlook. The subindex .SETEC fell 1.02
percent, led by a 3.1 percent loss to 15.5 baht in Delta
Electronics DELT.BK. Delta fell earlier to its lowest since
July 31.

Hana Microelectronics HANA.BK was down 0.5 percent at
18.7 baht and Cal-Comp Electronics CCET.BK was 0.7 percent
lower at 3.06 baht.

Broker Phillip Securities forecast earnings in the sector
would fall 26 percent in 2009 but expected a recovery in 2010.

0808 GMT

KHON KAEN SUGAR KSL.BK HITS 13-MONTH HIGH

Shares in the fourth-largest sugar miller gained nearly 5
percent to 12.7 baht, earlier rising to 13 baht, its highest
since June 30, 2008, in response to a government plan to expand
sugar mills.

A newspaper quoted Industry Minister Charnchai
Chairungrueng as saying the ministry was looking at a plan to
raise the capacity of sugar mills to meet rising demand.

Siam City Reseach Institute said in a research note that
the plan boded well for the future of Khon Kaen Sugar.

0511 GMT

AIRPORTS OF THAILAND AOT.BK AT ITS HIGHEST IN A YEAR

Shares in the country's main airport operator were up 1.3
percent to 38.25 baht, coming off an early rise to 39.75 baht,
the highest since Aug. 18, amid an improving outlook.

Kim Eng Securities said in a reseach note it expected
Airports to post a drop in quarterly earnings due to a decline
in traffic movement in the low season for Thai tourism plus the
impact of H1N1 flu, but it expected the outlook to improve.

"We have revised up our 2008/09 assumptions with a total
passenger volume of 47.65 million, down 18 percent year on
year, and total aircraft movements of 341,000 flights, a drop
of 13 percent year on year," it said.

0514 GMT

THANACHART CAPITAL TCAP.BK AT HIGHEST IN SIX WEEKS

Thanachart Capital climbed 5.1 percent to 14.4 baht, having
hit 14.6 baht, its highest since June 29, amid speculation the
financial firm could make strong gains from investing in shares
in Siam City Bank SCIB.BK.

A local newspaper quoted a source at the Financial
Institutions Development Fund (FIDF), the Bank of Thailand's
rescue arm, as saying that the FIDF would meet on Aug. 21 on
its plan to sell its 47.6 percent stake in Siam City Bank.

A financial unit of Thanachart was among the bidders, the
newspaper said.

Shares in Siam City Bank were up 0.5 percent at 20.7 baht.

0345 GMT

BANPU BANP.BK DOWN AFTER RESULTS

Shares in Thailand's biggest coal miner fell nearly 1
percent to 406 baht. The company said its second-quarter
earnings rose a higher-than-expected 73 percent due to higher
coal prices and strong income from its 50 percent owned BLCP
power plant.

[ID:nBKK502194]

0346 GMT

THAI OIL TOP.BK DOWN AFTER RESULTS

Shares in the country's top oil refiner dropped nearly 2
percent to 39.25 baht, having hit 39 baht, the lowest since
Aug. 6. It reported a 42 percent fall in its second-quarter
earnings after its gross refining margin fell, reflecting a
weak economy. [ID:nBKK493710]

0346 GMT

- 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=34.03 Baht)
(Reporting by Viparat Jantraprap; Editing by xxxx)