January 6, 2010 / 3:56 AM / 11 years ago

Thai Hot Stocks-Total Access down, CIMB Thai falls back

 (Adds CIMB Thai, DTAC)
 BANGKOK, Jan 6 (Reuters) - Thailand's benchmark stock index .SETI was up 0.21 percent at 733.56 at 0838 GMT on Wednesday.
 Stocks on the move include:
 Shares in CIMB Thai pulls back after rising 3.5 percent in early trade as the bank said it had no plans at this stage to delist if its parent, Malaysia's CIMB (CIMB.KL), went ahead with a plan to list in Bangkok itself. [ID:nSGE6040BV]
 The stock, which soared 126 percent last year, continued to rise this year due to speculation the parent would buy out the 6.85 percent it didn't already own and some investors reckoned it would pay a premium to buy out remaining shareholders.
 The stock was up only 0.7 percent at 2.88 baht at 0846 GMT
 Shares in Thailand's second-largest mobile phone operator fell 3.55 percent to a four-week low of 34 baht after the company said it was aiming for about 800,000 net new subscribers in 2010, below the one million won in 2009. [ID:nSGE605067]
 0820 GMT
 THAI TAP WATER (TTW.BK) AT 7-MONTH HIGH ON OUTLOOK, "BUY"    Thailand's largest private tap water supplier shot up over 5 percent to its highest since June 8, 2009 at 4.60 baht after the company told Reuters it expected to post a higher net profit in 2010 as demand picked up, and it plans to spend about 1 billion baht ($30 million) this year to expand into Asia with a foreign partner. [ID:nSGE60403V]
 Sicco Securities said in a research note it expected a 22.6 percent rise in its 2010 earnings to 1.84 billion baht thanks to the absence of a hefty fee for an early loan repayment in 2009 and cost cuts.
 The broker gave a "trading buy" rating on the stocks with a target share price of 5.85 baht.
 Broker Asia Plus, which rated the stock a "buy" with a target price of 5.60 baht, said a 3.5 percent rise in Thai consumer prices in December from a year earlier provided support for a water tariff hike in 2010. [ID:nBKT003164]
 0330 GMT
 A sharp rally in the Baltic Dry Index .BADI, which measures the cost of shipping key commodities, pushed up shares in shippers, analysts said.
 Thoresen Thai Agencies (TTA.BK), the largest dry bulk shipper, was up 1.75 percent at 29 baht, adding to Tuesday's 5.6 percent rise.  Regional Container Lines (RCL.BK) climbed about 1 percent to 10.20 baht and second-ranked Precious Shipping (PSL.BK) edged 0.5 percent higher to 19.30 baht.
 The Baltic Dry Index jumped 4.1 percent on Tuesday.
 0341 GMT
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 - For Thai corporate earnings [TH-RES-RTRS]  ($1=33.13 Baht)  (Reporting by Ploy Ten Kate; Editing by Alan Raybould and Jason Szep)                                                  

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