Thai Hot Stocks-Advanced Info up, Q3 beats forecast

(Adds AIS)

BANGKOK, Nov 6 (Reuters) - Thailand's benchmark stock index
.SETI was up 1.74 percent at 693.78 at 0734 GMT on Friday,
coming off 694.74, its highest level in a week.

The index recovered from a 0.7 percent drop on Thursday,
tracking overseas markets higher, boosted by positive U.S.
economic data and some better-than-expected quarterly profits,
analysts said.

Stocks on the move included:

ADVANCED INFO SERVICE ADVA.BK UP AFTER Q3 RESULTS

Thailand's top mobile phone operator was up 0.6 percent at
84.75 baht after the company reported a better-than-expected
7.7 percent fall in quarterly earnings, as a weak economy hit
revenue and mobile use. [ID:nBAK002920]

The company said it planned to invest 50 billion baht ($1.5
billion) in its 2G and future 3G network over the next three
years. [ID:nBKK405583]

0734 GMT

PTT CHEMICAL PTTC.BK HITS 2-WEEK HIGH ON Q3 EXPECTATION

Top olefins maker rose 4.25 percent to 67.50 baht, having
hit its highest since Oct. 26 at 68 baht in early trade, after
Kiatnakin Securities said it expected the firm to report higher
earnings in the third quarter than the 2.14 billion baht in the
second quarter due to stronger margins.

0436 GMT

THANACHART CAPITAL TCAP.BK AT ONE-WEEK HIGH

The financial holding firm rose 2.56 percent to 20 baht,
its highest since Oct. 30, after Ayudhya Securities said in
note Thanachart would see a jump in revenue if its banking
unit, Thanachart Bank, won a bid to buy a stake in Siam City
Bank SCIB.BK (SCIB).

The Financial Institutions Development Fund, which owns
47.6 percent in Siam City Bank, has said a stake sale was
expected to go through in the second quarter of 2010. SCIB has
said four or five investors were interested in bidding for the
stake.

0422 GMT

THAI OIL TOP.BK UP AFTER Q3 TURNAROUND

The country's top oil refiner rose 1.8 percent to 41.50
baht after reporting a net profit in the third quarter, turning
round from a net loss a year earlier, due to the absence of
inventory losses this time. [nBAK002919]

0305 GMT

IRPC IRPC.BK GAINS ON ABOVE FORECAST Q3 EARNINGS

Petrochemicals firm rose over 3 percent to 3.94 baht after
it posted a net profit of 2.3 billion baht ($68.9 million) in
the third quarter, well above expectations, against a loss of
4.43 billion baht a year earlier. [nBAK002918]

BFIT Securities said in a research note that a rise in
petrochemical prices contributed to the result.

The broker expected Thai Oil to post a net profit of 8.57
billion baht this year, recovering from a 2008 loss, and it
projected a dividend of 0.20 baht for 2009.

It also gave a "buy" rating on the stock with a target
share price of 4.44 baht.

0305 GMT

ASIA PLUS ASP.BK CLIMBS ON SOLID Q3, BROKER "BUY" RATING

The second-largest brokerage climbed 1.6 percent to 1.87
baht after it reported a net profit in the third quarter,
turning round from a net loss a year earlier, thanks to rising
broking fees and gains on proprietary trading. [nBAK002919]

Broker Phillip said it had upgraded its 2009 profit
estimate to 440.8 million baht after Asia Plus raised its
average daily trade forecast to 17.5 billion baht from 16.5
billion.

The broker also raised the stock rating to "buy" from
"sell" with a 2010 target price of 2.30 baht.

0306 GMT

THAI AIR THAI.BK GAINS ON 2010 PROFIT HOPES

National carrier rose about 2 percent to 20.10 baht after
the company's new president told Reuters it expected to make a
net profit in 2010 thanks to economic recovery and restructured
management, but fare price cuts meant it was not certain to
make a profit this year. [nBKK397045]

0311 GMT

- For the Thai press digest click on [PRESS/TH]

- 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=33.38 Baht)
(Reporting by Ploy Ten Kate and Arada Kultawanich; Editing by
Alan Raybould)