Reuters: Hot Stocks: STOCKS NEWS THAILAND-AIS hits record after strong Q1

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STOCKS NEWS THAILAND-AIS hits record after strong Q1 May 8th 2012, 04:21 Tue May 8, 2012 12:21am EDT Advanced Info Service Pcl (AIS) hit an all-time high after the mobile phone operator reported a 42 percent rise in quarterly net profit due to rising revenue from data and voice services and a lower corporate tax rate. For the story, click AIS gained 3.9 percent to 187 baht ($6.04), climbing at one point to a record 190.5 baht ($6.15), with about 5.6 million shares traded, 1.42 times the average volume over the last 30 sessions. The broader SET index fell 0.15 percent. Eighteen out of 24 analysts tracking the company have a buy or strong buy rating, four rate it as a hold and two has a sell rating. Broker KGI Securities said it had upgraded the stock to outperform, citing the first-quarter earnings. It raised the stock target price to 210 baht from 175 baht. "The result implies that the cellular industry in Thailand is on an upward trend with decent growth in voice and robust growth in non-voice," the broker said in a report. AIS, the largest 2G network in Thailand, was the prime beneficiary of strong growth in voice revenue, while the quarterly performance showed the firm had a profound understanding of the cellular market so it could offer the right packages to balance the use of voice and data, it said. 1111 (0411 GMT) (Reporting by Viparat Jantraprap in Bangkok; viparat.jantraprapaweth@thomsonreuters.com) ********************************************* 10:58 STOCKS NEWS THAILAND: Siam Cement falls after fire at affiliate Industrial conglomerate Siam Cement Pcl SCC.BK fell to its lowest in a week following an explosion and fire at a facility of affiliate Bangkok Synthetics Co Ltd on Saturday on Thailand's biggest industrial estate, Map Ta Phut. For the story, click Broker DBS Vickers Securities expected the impact on Siam Cement's earnings to be limited, and broker Citigroup maintained its "buy" recommendation, with a target price of 432 baht ($13.95). Siam Cement was down 0.86 percent at 347 baht, falling at one point to 345 baht, its lowest share price since April 27. Bangkok Synthetics' operations have been suspended. Siam Cement initially estimated it could restart in a month or two but public concern over environmental issues could prolong the suspension, broker Citigroup said in a report. It put Bangkok Synthetics' contribution to Siam Cement's estimated 2012 earnings at around 2.4 billion baht, or 8.6 percent of estimated earnings. If the problem lasted for only one quarter, the impact would be limited to 2.1 percent of estimated earnings, it said. 1020 (0320 GMT) (Reporting by Viparat Jantraprap in Bangkok; Editing by Nick Macfie; viparat.jantraprapaweth@thomsonreuters.com) ($1 = 30.96 baht) Link this Share this Digg this Email Reprints

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