Thai stocks seen rangebound, Banpu, EGCO, TUF in focus

BANGKOK, May 12 (Reuters) - Thai stocks are likely to open
higher on Monday after better-than-expected quarterly earnings
from energy firms, including Banpu BANP.BK, but firmer oil
prices may prompt selling of petrochemical firms, analysts
said.

Investors will also focus on first-quarter earnings of
index heavyweight PTT PCL PTT.BK and big-cap Advanced Info
Service ADVA.BK due out this week, they said.

The main index .SETI is expected to move in a range of
845-852 points, the analysts said.

On Friday, the benchmark SET index fell 0.41 percent to
846.71 points, pausing rises over the past four days, due to
profit taking in energy shares.

Click [TH/TRADING01] for cumulative trading value by
investor type. ----------------------MARKET SNAPSHOT @ 0124 GMT
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INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1388.28 -0.67% -9.400
USD/JPY <JPY=> 102.98 0.01% 0.010
10-YR US TSY YLD <US10YT=RR> 3.7692 -- -0.009
SPOT GOLD <XAU=> 888.05 0.47% 4.150
US CRUDE CLc1 125.66 -0.24% -0.300
DOW JONES .DJI 12745.88 -0.94% -120.90
ASIA ADRS .BKAS 162.65 -0.76% -1.24
-------------------------------------------------------------
MARKET SUMMARY > Oil steady above $126, Middle East violence
supports [O/R] > Wall St Week Ahead: Stocks on hold, with oil a
hurdle[.N] > Dollar drifts as record oil, weaker stocks eyed
[USD/] > Treasuries prices edge up on renewed credit concerns
[US/] > Gold firms on weak dollar, crude oil stays high
[GOL/]

STOCKS AND FACTORS TO WATCH

- Banpu BANP.BK

Thailand's largest coal miner said its net profit for the
January-March quarter surged 74 percent to 2.07 billion baht,
topping an average net profit forecast of 1.87 billion baht
polled by Reuters. [ID:nBKK62878]

- Electricity Generating EGCO.BK

Thailand's second-largest power producer reported a
better-than-expected 11.3 percent rise in first-quarter net
profit to 2.82 billion baht. [ID:nBAK000328]

- Thai Union Frozen TUF.BK

Asia's top canned tuna exporter reported a 9.5 percent rise
in first-quarter net profit to 578 million baht, above market
expectations. [ID:nBAK000329]

- CH Karnchang CK.BK

Thailand's second-largest contractor said it was likely to
book gains from the listing of its water unit in the second
quarter's statement and expected a flat in 2008 revenues from
13-14 billion baht it earned last year.

- Bank of Ayudhya BAY.BK

The country's fifth-biggest lender will sell up to 20
billion baht of bonds in two tranches to expand its lending,
two fund managers said. [ID:nBKK154964]

- For the Thai press digest click on [ID:nBKK323153]

- For Thailand's IPO diary click on <TH/IPOMENU>

- For Thailand's stock exchange news click on [TH-SET]

- For Thailand corporate earnings: [TH-RES-RTRS]

- For Thailand economic forecast: [POLL-ECI-TH-RTRS]
($1=32.05 Baht)
(Reporting by Arada Therdthammakun; Editing by Jacqueline
Wong)