STOCKS NEWS THAILAND-Bangkok Dusit drops after block trades

Shares in hospital operator Bangkok Dusit Medical ServicesPcl were down 4.1 percent at 105 baht at the midsessionbreak of 0530 GMT after block trades at a lower-than-marketprice of 104.5 baht.

Thai stock exchange data showed a selling of 139.8 millionshares in nine block trades at 104.5 baht per share in themorning session.

Its key shareholders were selling a combined 13.7 percentstake, comprising a total of 212.2 million shares, IFR reported,citing a term sheet.

1304 (0604 GMT)

(Reporting by Viparat Jantraprap in Bangkok; Editing by AnandBasu; viparat.jantraprapaweth@thomsonreuters.com)


12:20 STOCKS NEWS THAILAND-Condominium remains in limelightas Bangkok zoning law nears-Citi

Bangkok's new zoning law aiming to reduce city density isunlikely to materially reduce condominium developmentopportunities in the capital and could be positive fordevelopers that tapped into less stringent zones, Citigroupsaid.

Bangkok's existing city plan is due to expire in May 2013.The broker said it maintained a positive view on Thaicondominium sector.

"While condo development in small-sub roads in high densityareas will be more difficult, we see more business opportunityin low/mid density areas," it said in a report.

"The new plan could add value to land plots that are locatedalong mass transit lines given less stringent regulatoryrequirements," it said.

For instance, the new plan that aimed to remove all frontageroad requirements versus previous requirements of 6-10 metrewide of frontage road, was positive for mid-range and high-enddevelopers such as Land and Houses LH.BK, Quality Houses QH.BK,Asian Property Development AP.BK and Supalai SPAL.BK, it said.

LPN Development LPN.BK could also benefit as there would bemore areas opening for development in the suburbs whiledevelopers that had scaled down condo development, like PruksaReal Estate PS.BK, were likely to miss long-term growthopportunity, it said.

The broader property subindex .SETPR edged down 0.17 percentamid weak market sentiment. The benchmark SET index .SETI wasdown 0.09 percent.

1209 (0509 GMT)($1 = 30.655 baht)

(Reporting by Viparat Jantraprap in Bangkok; Editing by G.RamMohan; viparat.jantraprapaweth@thomsonreuters.com)