AD T/O Price (Bt) Target +/-
BB code (US$m) Rec 7-Jul-08 (Bt) (%)
PTT 52.5 O-PF 290.0 382.0 31.7
PTTEP 45.7 BUY 174.0 232.0 33.3
TOP 22.9 O-PF 50.5 64.0 26.7
BANPU 27.7 BUY 472.0 725.0 53.6
PTTAR 13.5 U-PF 21.7 29.0 33.6
Energy-Thai 45.0 33.7
Energy-Asia
SCB 23.4 SELL 75.0 74.0 (1.3)
BBL 16.8 BUY 115.0 160.0 39.1
KBANK 23.2 BUY 67.0 117.0 74.6
BAY 7.9 BUY 20.0 35.0 75.0
KTB 6.8 SELL 8.0 8.9 10.6
TMB 5.6 U-PF 1.2 1.4 19.7
SCIB 1.9 O-PF 13.7 18.5 35.0
TISCO 3.3 U-PF 18.3 24.0 31.1
TCAP 2.7 BUY 13.5 21.0 55.6
KK 0.4 O-PF 24.2 32.0 32.2
Financials-Thai (ex-TMB) 16.8 35.6
Financials-Asia
SCC 5.9 SELL 188.0 184.0 (2.1)
PTTCH 7.6 SELL 101.0 94.0 (6.9)
Materials-Thai 6.6 (4.1)
Materials-Asia
ADVANC 16.3 O-PF 88.5 107.0 20.9
DTAC 5.4 O-PF 50.0 60.0 20.0
TRUE 2.9 BUY 3.9 8.0 105.1
THCOM 0.8 BUY 7.1 13.0 84.4
Telecoms-Thai 12.3 25.0
Telecoms-Asia
THBEV 1.2 U-PF 5.8 6.9 19.1
BEC 1.9 U-PF 24.3 30.0 23.5
MINT 1.3 BUY 13.8 20.0 44.9
CPF 1.9 SELL 3.6 4.1 15.2
MCOT 0.4 SELL 23.1 27.5 19.0
Cons Disc-Thai 1.4 24.0
Cons Disc-Asia
CPALL 1.8 BUY 10.5 14.0 33.3
BIGC 0.7 O-PF 50.5 65.0 28.7
ROBINS 0.3 O-PF 9.1 12.3 35.9
Cons Staples-Thai 1.2 31.7
Cons Staples-Asia
LH 7.0 O-PF 6.4 11.0 73.2
CPN 1.2 BUY 21.1 33.0 56.4
PS 1.4 U-PF 11.9 10.0 (16.0)
AMATA 0.7 BUY 10.9 18.8 72.5
AP 2.4 BUY 4.5 8.5 88.1
ROJANA 0.5 U-PF 13.9 17.1 23.0
HEMRAJ 0.8 U-PF 1.1 1.4 23.9
Property-Thai 3.4 54.4
Property-Asia
RATCH 0.8 U-PF 42.0 45.0 7.1
EGCO 1.5 O-PF 84.5 100.0 18.3
GLOW 0.8 U-PF 29.5 33.0 11.9
Utilities-Thai 1.0 12.0
Utilities-Asia
HANA 0.8 BUY 17.9 24.0 34.1
Info Tech-Thai 0.8 34.1
Info Tech-Asia
BH 1.2 BUY 35.5 47.0 32.4
Health Care-Thai 1.2 32.4
Health Care-Asia
AOT 1.8 O-PF 43.8 66.0 50.9
THAI 1.4 U-PF 17.9 29.0 62.0
ITD 6.4 SELL 4.9 6.3 29.1
TTA 16.2 O-PF 38.0 57.5 51.3
PSL 1.7 BUY 21.2 30.0 41.5
CK 0.7 U-PF 4.8 7.6 56.8
STEC 1.5 U-PF 3.4 5.2 51.2