Reuters: Hot Stocks: Korea Hot Stocks-Small builders rise on Thai water bid hopes

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Korea Hot Stocks-Small builders rise on Thai water bid hopes Feb 6th 2013, 00:45 SEOUL | Tue Feb 5, 2013 7:45pm EST SEOUL Feb 6 (Reuters) - South Korea's main KOSPI share index was up 0.17 percent at 1,941.68 points as of 0039 GMT. The index opened up 0.27 percent. Dohwa Engineering and Korea Engineering Consultants jumped near the 15 percent daily limit on hopes that they will win some orders on the Thai government's 12 trillion won ($11 billion) water management infrastructure programme. Local media reported on Monday that a consortium of Korean companies led by public utility K-water was the preferred bidder on all 10 projects of Thailand's efforts to prevent more flooding. CNEWS, a construction industry news website, identified the firms involved in the bid, including Dohwa and Korea Engineering consultants. The list also includes the construction and engineering units of South Korea's biggest conglomerates, such as Hyundai Engineering & Construction and Daewoo Engineering & Construction, whose shares did not move significantly. "The stocks of big builders are unlikely to be much affected by a bid, until there is evidence that they are likely to win the orders," said Chae Sang-wook, an analyst at LIG Investment & Securities. ($1 = 1087.0500 Korean won) (Reporting By Somang Yang; Editing by Richard Pullin)

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions