Reuters: Hot Stocks: STOCKS NEWS THAILAND-Central Plaza hits record high on hopes of robust Q3 earnings

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-Central Plaza hits record high on hopes of robust Q3 earnings Nov 5th 2012, 07:53 Mon Nov 5, 2012 2:53am EST Shares in Central Plaza Hotel Pcl jumped 4.4 percent to their all-time highs on expectations the hotelier would report robust third-quarter earnings, boosted by strong growth of its food and hotel businesses. Central Plaza shares were at 21.30 baht, rising 113 percent so far this year, well above a 27.6 percent gain of the benchmark SET index. About 6.1 million Central Plaza shares changed hands, 2.1 times the average full-day volume over the past 30 sessions. Broker DBS Securities forecast a third-quarter net profit of 106 million baht ($3.45 million), three times higher than the same period last year. "The hotel earnings should further expand in the fourth quarter due to a travelling season and because of the low earnings base of last year hit by the country's flooding," it said in a research note. (Reporting by Viparat Jantraprap in Bangkok; Editing by Subhranshu Sahu; 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