Reuters: Hot Stocks: STOCKS NEWS THAILAND-Toyo-Thai up on new projects

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STOCKS NEWS THAILAND-Toyo-Thai up on new projects Apr 26th 2012, 04:22 Thu Apr 26, 2012 12:22am EDT Shares of Toyo-Thai Corporation Pcl hit their highest in more than a week after the contractor secured two construction projects worth a combined 5.1 billion baht ($164.81 million), bolstering its earnings outlook. Toyo-Thai shares were up 2.1 percent at 14.9 baht, with around 1.27 million shares traded, 0.68 times their average full-day volume over the last 30 sessions. The stock has gained 25 percent so far this year. Broker Tisco Securities rated the stock a speculative buy, citing the company's good earnings outlook. It set the stock's target price at 17 baht, a potential upside of 14 percent. 1108 (0408 GMT) ($1=30.945 baht) (Reporting by Viparat Jantraprap in Bangkok; Editing by Clarence Fernandez)

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