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(AFX UK Focus) 2009-11-04 04:57
Thai Hot Stocks-Banks, Charoen Pokphand Foods up
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BANGKOK, Nov 4 (Reuters) - Thailand's stock index was up 1.45 percent at 678.21 on thin turnover of 6.3 billion baht ($188 million) at 0432 GMT on Wednesday.
Stocks on the move included:

BANK SHARES UP ON UPBEAT 2010 OUTLOOK


The banking subindex rose nearly 2 percent, boosted by gains in third-largest lender Siam Commercial Bank and fourth-ranked Kasikornbank, on optimism the sector would benefit from an economic recovery, which should boost loan growth next year.
Kasikornbank was up nearly 2 percent at 77.75 baht, while Siam Commercial Bank rose nearly 1 percent to 77.25 baht.
Fifth-largest lender Bank of Ayudhya climbed 3.9 percent to 18.60 baht, while top lender Bangkok Bank gained 1.4 percent to 113 baht.

0431 GMT

CP FOODS UP ON UPBEAT Q3 EARNINGS


Charoen Pokphand Foods was up 1.6 percent at 9.45 baht on expectations that the country's biggest chicken exporter would report strong earnings growth for the third quarter.
Kim Eng Securities said in a note it expected the company's net profit to double to a record high of 3.48 billion baht due to higher incomes from all business units and low raw material costs.

0435 GMT

PTTEP REBOUNDS FROM FOUR-MONTH LOW


Shares in PTT Exploration and Production (PTTEP) rose nearly 2 percent to 132 baht, rebounding from a four-month low of 128 baht hit on Tuesday, after the firm said it had plugged an oil well in the Timor Sea that had leaked for over two months.
But the gain is expected to be limited by concern that the start-up of the Montara field in the Timor Sea might be delayed for one year instead of a quarter, which would affect PTTEP's earnings in 2010, dealers said.
Top energy firm PTT, a parent of PTTEP, was up 0.9 percent at 230 baht after hitting a four-month low of 227 baht on Tuesday.

0333 GMT

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    ($1=33.45 Baht)

    (Reporting by Khettiya Jittapong; Editing by Alan Raybould)

    ((khettiya.jittapong@thomsonreuters.com; +662 648 9728;


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