SET SPOTLIGHT:
PTT reports higher-than-expected Q208 net profit of THB29.9 bil
Energy conglomerate, PTT, announced today its Q2-08 earnings report showed a net profit of 29.9 billion baht or almost 14% higher than 26.3 billion baht it recorded a year earlier while the figures also beat analyst expectations of 29 billion baht.
The company said higher oil prices and sizable shared profits from its refining and petrochemical businesses attributed to its Q2-08 profit.
However its share price did not go in line with this good news and lost 0.75% to close at 264 baht this evening.
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CPF enjoys gains of 6%+ after informing SET of plan to buy back 10% of shares from end of Aug
Prices of Charoen Pokphand Foods share surged more than 6% after the lunch break following its advice to the Stock Exchange of Thailand a plan to buy back 10% of its stocks from the market.
The buy-back plan is set to cost the company no more than 3 billion baht and will start August 28thand end on August 27th, 2009.
However at the closing bell, CPF erased earlier gains and finished 4.5% at 3.80 baht.
SET HILIGHT:
SPALI: Supalai
XD @ THB0.15 Payout 28 Aug 08
IFEC: Inter Far East Engineering
XD @ THB0.03 Payout 2 Sept 08
SET DATEBOOK:
14 Aug 2008: Fuel Price Cut ( THB0.60): (PTT-Bangchak)
Gasohol 95 THB28.79/Liter
Gasohol 91 THB27.99/Liter
Benzene 91 THB36.29/Liter
Diesel THB33.64/Liter
14 Aug 2008: Release of July Consumer Confidence Index