Reuters: Hot Stocks: REFILE-STOCKS NEWS THAILAND-Thai Tap Water at all-time high on Q2 results

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REFILE-STOCKS NEWS THAILAND-Thai Tap Water at all-time high on Q2 results Jul 27th 2012, 08:35 Fri Jul 27, 2012 4:35am EDT (Refiles to fix company name) Shares of Thai Tap Water Supply Pcl touched an all-time high after the tap water supplier posted strong second-quarter earnings on higher sales. Thai Tap shares were up 2.14 baht at 7.15 baht, climbing at one point to 7.20 baht. The stock had risen 41.6 percent so far this year, outperforming a 15.4 percent gain in the broader stock market. Broker Kasikorn Securities said the quarterly earning was ahead of its expectations. "We continue to see TTW as expensive at 2.3x 2013E P/BV and maintain an 'underperform' rating on the stock with target price of 6.10 baht based on 20 percent discount to DCF fair value," the broker said in a report. For the company statement, click 1455 (0755 GMT) (Reporting by Viparat Jantraprap in Bangkok; viparat.jantraprapaweth@thomsonreuters.com) ************************************************************ 13:33 STOCKS NEWS THAILAND: Banpu falls to 3-year lows amid weak coal prices Shares in Thailand's biggest coal miner Banpu Pcl BANP.BK fell as much as 2.5 percent to their lowest in nearly three years as weak coal prices weighed on its earnings outlook. Banpu shares were down 1.7 percent at 399 baht, falling at one point to 396 baht. It has dropped nearly 27 percent so far this year, underperforming the broader energy subindex .SETEN which had fallen 2.8 percent. Eighteen out of 21 analysts tracking the company rate the stock 'buy' or 'strong buy', two putting it at hold and one rating strong sell. Krungsri Securities had a 'buy' rating, with a target price of 595 baht, saying the beaten-down stock is attractively valued. The broker forecast 2013 net profit growth of 15 percent, boosted by higher sales volumes from Australian mines and a repricing of forward contracts for domestic sale in Australia. "The stock has come off on concern over increased interest in shale gas in the United States... Our buy rating reflects an attractive valuation, trading on a low 1.5x P/BV vs the regional peer average 1.9x and a dividend of 12.25 baht for 2012, or a yield of 2.8%," it said. 1317 (0617 GMT) (Reporting by Viparat Jantraprap in Bangkok; viparat.jantraprapaweth@thomsonreuters.com) Link this Share this Digg this Email Reprints

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