Reuters: Hot Stocks: STOCKS NEWS THAILAND-CIMB sees strong consumption helping retailers in Q4

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

STOCKS NEWS THAILAND-CIMB sees strong consumption helping retailers in Q4 Nov 1st 2012, 04:23 Thu Nov 1, 2012 12:23am EDT CIMB Research expects consumption to rebound in the seasonally strong fourth quarter and anticipates further growth in 2013 along with a second round of minimum wage hike. The broker kept its 'overweight' rating on the retail sector. "The wage hike this coming Jan will increase both disposable income and the threshold for eligible first-time bank borrowers," CIMB said in a report dated Oct. 31. Retailers expanding upcountry should benefit, the research house said and added that convenience store chain CP All Pcl and department store operator Robinson Department Store Pcl were its top picks. "Third quarter is a seasonally soft quarter for the sector, with the external environment providing additional volatility. We recommend buying on any share-price weakness," CIMB said. Its price target is 47 baht for CP All shares and 80 baht for Robinson. CP All shares were unchanged at 39.75 baht while Robinson was up 0.8 percent at 61.25 baht. (Reporting by Viparat Jantraprap in Bangkok; Editing by Anupama Dwivedi; viparat.jantraprapaweth@thomsonreuters.com)

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