STOCKS NEWS THAILAND-Foreign selling drags Thai stocks – Reuters UK

Foreign investors sole Thai shares forward of a three-day week end as well as debility in a oil marketplace spurred offered in energy, with shares in PTT organisation heading a way.

The benchmark SET index sealed down 1.02 percent during 1,227.41, dragged down by appetite organisation PTT Pcl as well as PTT Global Chemical Pcl.

After a market’s solid convene which pushed a categorical SET index to a latest 16-year high, marketplace players right away appeared a small cautious, traders said.

Technical signs forked to a marketplace improvement to 1,150 as well as 1,100 in a subsequent couple of months prior to it could pierce up again, pronounced Andrew Yates, conduct of general equity sales during attorney Middle East Plus Securities.

Thai batch marketplace is close upon Monday for a inhabitant holiday, reopening upon Tuesday.

1643 (0943 GMT)

(Reporting by Viparat Jantraprap in Bangkok; viparat.jantraprapaweth@thomsonreuters.com)

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15:41 STOCKS NEWS THAILAND-Major Cineplex during all-time tall upon distinction prospects

Shares in Thailand’s greatest motion picture operator, Major Cineplex Group Pcl MAJO.B, strike an all-time tall upon Friday upon expectations of clever initial entertain benefit after floods harm commercial operation final year.

The company’s shares surged 8.1 percent to 21.3 baht, rock climbing during a single indicate to a jot down 21.7 baht. About 13.3 million shares were traded which was 3.23 times a normal volume over a final thirty sessions.

The broader SET index fell 0.67 percent

Fourteen out of seventeen analysts tracking a association have a buy or clever buy rating, dual rate it as a reason as well as a single has a clever sell rating.

Broker Maybank Kim Eng Securities pronounced it lifted a stock’s satisfactory worth to 23.50 baht ($ 0.76) as well as foresee a twenty-two percent climb in benefit over a prior year.

“The distinction tends to enhance in to a second entertain during a tall ads deteriorate as well as clever box bureau income … In a second half, Major skeleton to launch during slightest thirty theatres. With a certain outlook, you have revised up 2012 distinction projection,” a attorney pronounced in a report.

1506 (0806 GMT)

(Reporting by Viparat Jantraprap in Bangkok; Editing by Sanjeev Miglani; viparat.jantraprapaweth@thomsonreuters.com)

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12:23 STOCKS NEWS THAILAND-Citigroup raises LPN aim price

Citigroup lifted a aim cost upon LPN Development Pcl LPN.BK to 16.3 baht ($ 0.53) from 15.5 baht after a gratefulness rerating which reflected coherence in income expansion as well as stong benefit prominence of a common ownership developer.

But a attorney pronounced it had cut a rating upon a batch to neutral from buy, citing a singular upside to 2012 estimated benefit to expostulate a share cost further.

“Presales movement could delayed in a second half as latest launches for 2012 sojourn front-loaded in a initial half notwithstanding launch inform reshuffling,” Citi pronounced in a report.

LPN shares were trade down 1.2 percent during 16.7 baht, with about 6.15 million shares traded, 1.26 times normal full-day volume over a final thirty sessions.

1212 (0512 GMT)

(Reporting by Viparat Jantraprap in Bangkok; viparat.jantraprapaweth@thomsonreuters.com)

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11:03 STOCKS NEWS THAILAND-Total Access falls after diseased Q1

Shares in Total Access Communication Pcl DTAC.BK fell scarcely 1 percent to a week low after a country’s second-largest mobile phone user posted a 10 percent dump in quarterly net profit, blank forecasts, partly due to aloft benefaction fees.

For a association benefit statement, click

The association believes higher-than-expected costs in a initial entertain will recede from a second entertain due to reduction offered for a Wi-Fi service, as well as sees upside intensity from voice income in a second entertain with a launch of a some-more tasteful voice package, brokerage KGI Securities pronounced in a report.

“Overall you have been still gentle with a benefit expansion foresee of 8 percent year upon year for this year,” it said.

“DTAC is additionally a tip collect for a zone as it will be a budding customer of a arriving 3G chartering as well as a reduction difficult unfamiliar prevalence rule.”

KGI has a aim cost upon Total Access shares of 100 baht.

Total Access shares slid to 81 baht, a lowest given Apr 27. The batch has risen 16.6 percent so distant this year, underperforming a 20.6 percent benefit in a broader SET index .SETI.

Out of twenty-three analysts tracking a company, fifteen have a buy or clever buy rating, 4 rate it as a reason as well as 4 have a sell as well as clever sell rating.

1040 (0340 GMT)

(Reporting by Viparat Jantraprap in Bangkok; Editing by Jonathan Hopfner; viparat.jantraprapaweth@thomsonreuters.com) ($ 1 = 30.915 baht)

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