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Asia Top News and Analysis Thailand

  • SYDNEY, Oct 5- Australian shares rose 0.9 percent on Friday, lifted by mining and banking stocks as the market was supported by a fourth day of gains on Wall Street ahead of a U.S. payrolls report later in the day.

  • Japan's Nikkei 225 index was 0.2 percent higher to 8,844.93 after the Bank of Japan announced no change in the country's key interest rate following a two-day policy meeting. Benchmarks in Singapore, Indonesia and New Zealand rose.

  • At the midday break of 0530 GMT, True Corp shares were down 3.5 percent at 5.5 baht, having hit 5.35 baht, the lowest since Sept. 20. Thailand's top mobile phone operator Advanced Info Service gained 0.5 percent and second-ranked Total Access Communication Pcl slid 0.6 percent.

  • By early afternoon in Europe, benchmark oil for November delivery was down 70 cents to $91.01 a barrel in electronic trading on the New York Mercantile Exchange. On Thursday, tensions between Syria and Turkey gave oil prices their biggest jump in two months. Oil settled at $91.71 per barrel, up by $3.57, or 4 percent, in New York.

  • fell 4.5 percent in August, the biggest year-on-year drop in nearly three years, on weaker demand in the European Union and China, and imports rose less than expected, threatening the growth prospects of the Southeast Asian nation.

  • Citigroup raised its price target for Krung Thai Bank Pcl. to 23 baht from 21.64 baht and kept its' buy' rating on the stock, as it expected the state-run bank's third-quarter results to be strong.

  • SYDNEY, Oct 5- Australian shares gained 0.7 percent to a 14- month high on Friday, with mining stocks rising and the market supported by a fourth day of gains on Wall Street ahead of a U.S. payrolls report later in the day.

  • South Korea's Kospi added 0.3 percent to 1,997.84 and Hong Kong's Hang Seng added 0.2 percent to 20,958.21. Benchmarks in Taiwan and New Zealand also rose. Later in the day, the Bank of Japan will announce the outcome of its two-day policy meeting.

  • BANGKOK, Oct 5- Following is some company-related and market news which could have an impact on the local market on Friday. SE ASIA STOCKS-Philippine, Malaysia, Indonesia at all-time high.

  • ----Dawei seeks direction from Thailand, Myanmar-Bangkok Post---- Tight 3 G race spurs price war- Bangkok Post---- City braces for tropical storms- Bangkok Post---- NOTE: Reuters has not verified these stories and does not vouch for their accuracy Keywords: THAILAND PRESS/.

  • ----PREVIOUS ITEMS City braces for tropical storms- Bangkok Post---- NOTE: Reuters has not verified these stories and does not vouch for their accuracy. () Keywords: THAILAND PRESS/.

  • SYDNEY, Oct 5- Australian shares rose 0.5 percent to 14- month highs early on Friday, with mining stocks rising as the market was supported by a fourth day of gains on Wall Street ahead of the U.S. payrolls report later in the day. New Zealand's benchmark NZX 50 index.

  • Hedging Against Inflation

    Jim McCafferty, MD & Co-Head Equity Research, CIMB Securities expects inflation to creep back up and investors need to be prepared for that risk. He adds that he's less concerned about Thailand's exposure to the U.S.

  • SYDNEY, Oct 5- Australian shares are set to rise after a fourth day of gains on Wall Street, as investors await the release of the closely watched U.S. payrolls report later on Friday.

  • MANILA, Oct 3- Philippine annual inflation probably stayed close to 4 percent in September due to higher food costs, but the pace is unlikely to reduce the central bank's ability to cut interest rates, with the overall price outlook still favourable. "We are not unduly worried about inflation," said Eugene Leow, an economist at DBS in Singapore.

  • BANGKOK, Oct 4- Most Southeast Asian stock markets gained on Thursday, with the Philippine main index posting its second straight record closing high in strong volumes as optimism about domestic growth boosted consumer-related stocks such as SM Investments Corp.

  • BANGKOK, Oct 4- Thailand's PTT has won approval to build the second phase of a liquefied natural gas receiving terminal worth 21.4 billion baht, the Energy Ministry's National Energy Policy Office said on Thursday.

  • Citigroup raised its price targets on telecoms companies Advanced Info Service Pcl and Total Access Communication Pcl to reflect the potential benefits of 3 G licensing. It raised its price target on AIS to 272 baht from 245 baht and on Total Access to 131 baht from 101 baht. Last week, Advanced Info, Total Access and True Corp.

  • SYDNEY, Oct 4- Australian shares extended their gains by 0.3 percent on Thursday, hitting a 14- month high after banks offset losses in mining, as investors eyed further interest rate cuts in the wake of soft retail sales data. Top banks continued this week's post rate-cut gains, led by Westpac Banking Corp.

  • Asian Property Development Pcl leads on analyst revisions among 25 companies in Thailand's financials sector, including real estate firms, tracked by at least three analysts, data from Thomson Reuters StarMine shows. The stock hit a 52- week high on Oct. 3 at 9.1 baht.