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

Shares in Charoen Pokphand Foods Pcl fell to a near two-week low as the food company denied a report by Kaohoon newspaper about its plan to buy shares in global supermarket chain Carrefour .

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

"The company would like to clarify that the company has not entered into such transaction as quoted," CP Foods said in a statement.

1125 (0425 GMT) For the company statement, click

(Reporting by Viparat Jantraprap in Bangkok;; Editing by Jijo Jacob


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

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

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

The media firm said its net profit for three months ended June 30 nearly doubled to 160 million baht ($5.21 million). VGI provides media service in the mass transit, department store and office building sectors.

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

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

1106 (0406 GMT) For the company statement, click (Full Story) (Reporting by Viparat Jantraprap and Wirat Buranakanoktanasarn in Bangkok;; Editing by Jijo Jacob ($1 = 30.725 baht)