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STOCKS NEWS THAILAND-CP Foods falls; denies Carrefour buy report

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Shares in Charoen Pokphand Foods Pcl fell to a neartwo-week low as the food company denied a report by Kaohoonnewspaper about its plan to buy shares in global supermarketchain Carrefour .

CP Foods shares were down 2.9 percent at 33.5 baht, fallingat one point to 33.25 baht, the lowest since Sept. 28. Thebroader SET index was down 0.3 percent.

"The company would like to clarify that the company has notentered into such transaction as quoted," CP Foods said in astatement.

1125 (0425 GMT) For the company statement, click

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

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11:18 STOCKS NEWS THAILAND-VGI Global Media surges on marketdebut

Shares in VGI Global Media Pcl VGI.BK surged as much as 73percent at their market debut as a strong prospect ofadvertising income attracted investors, brokers said.

VGI shares were up 60.7 percent at 56.25 baht, far abovetheir IPO price of 35 baht and outperforming the media subindex.SETMP, which was down 0.16 percent. The broader SET index .SETIedged down 0.06 percent.

The media firm said its net profit for three months endedJune 30 nearly doubled to 160 million baht ($5.21 million). VGIprovides media service in the mass transit, department store andoffice building sectors.

Broker Asia Plus Securities rated the stock a 'buy', withtarget price of 50 baht, based on 20 times forward price toearnings versus 18.6 times for the media sector.

VGI raised 3.08 billion baht in initial public offeringearly this month, the second-biggest IPO on the main Bangkokexchange this year, after Asia Aviation Pcl's AAV.BK 4.5 billionbaht IPO in May.

1106 (0406 GMT) For the company statement, click (Full Story) (Reporting by Viparat Jantraprap and WiratBuranakanoktanasarn in Bangkok;viparat.jantraprapaweth@thomsonreuters.com); Editing by JijoJacob($1 = 30.725 baht)

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