Reuters: Hot Stocks: STOCKS NEWS THAILAND-Thai exchange expects to achieve listing target in 2012

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STOCKS NEWS THAILAND-Thai exchange expects to achieve listing target in 2012 Sep 21st 2012, 08:29 Fri Sep 21, 2012 4:29am EDT The Stock Exchange of Thailand expects new listings of energy and infrastructure companies and is likely to raise the market capitalisation of its two bourses by a combined 120 billion baht ($3.88 billion) by year-end. The two bourses have seen new listings of around 70 billion baht ($2.27 billion) so far this year, Thai stock exchange president Charamporn Jotikasthira told reporters. The total market capitalisation of the companies listed on the main Stock Exchange of Thailand was 10.7 billion baht ($346.22 million) year-to-date while that of the Market for Alternative Investment was 101 million baht ($3.27 million), stock exchange data showed. Star Petroleum Refining Co (SPRC), a joint venture of Chevron Corp and Thailand's PTT Pcl, was among the major IPOs earlier set for this year. A senior Thai energy ministry official said early this month the IPO was to be delayed from the third quarter (July-September) to next year as it needed more time to work on the listing plan. (Reporting by Wirat Buranakanokthanasarn and Viparat Jantraprap in Bangkok; viparat.jantraprapaweth@thomsonreuters.com)

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