Thai stocks may rise on industrial estate case

BANGKOK, Sept 6 (Reuters) - Thai stocks are expected to
rise on Monday, extending Friday's gains to a 14-year high as a
positive court ruling on the Map Ta Phut industrial estate case
should continue to spur buying, analysts said.

Shares in PTT Pcl (PTT.BK: Quote) and its subsidiaries could rise
further as their projects will now be able to go ahead and that
could boost profits, after a court last week lifted a ban on
all but two of 76 industrial projects at Map Ta Phut, the
country's largest industrial estate. [ID:nSGE68118P]

"The index should track rallies on Asian bourses after
better-than-expected U.S. data and buying by foreign investors
should continue," said Kiatkong Decho, a strategist at broker
CIMB Securites in Bangkok.

Resistance on the main index .SETI is expected at 935 and
support at 925, he said.

On Friday, the benchmark SET index closed up 1.02 percent
at 929.90, its highest closing level since November 1996, due
mainly to buying of shares affected by the Map Ta Phut ruling,
particularly energy firms.

The market enjoyed net foreign inflows of 584 million baht
($18.75 million) on the day, increasing inflows for the year to
11.3 billion baht, stock exchange data showed.

Click [TH/TRADING01] for cumulative trading value by
investor type. ----------------------MARKET SNAPSHOT @ 0101 GMT
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INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1093.48 0.57% 6.240
USD/JPY JPY= 89.43 -0.1% -0.090
10-YR US TSY YLD US10YT=RR 3.4196 -- -0.004
SPOT GOLD XAU= 1123 0.40% 4.500
US CRUDE CLc1 76.91 0.73% 0.560
DOW JONES .DJI 10270.47 0.72% 73.00
ASIA ADRS 125.26 1.02% 1.27
-------------------------------------------------------------
MARKET SUMMARY > NYMEX-Crude falls as U.S. driving season ends

[O/R] > US STOCKS-Wall Street rallies as jobs data
spurs optimism [.N] > FOREX-Dollar on defensive after U.S.
payrolls [USD/] > TREASURIES-Bonds sell off as jobs
data eases economy fears[US/] > PRECIOUS-Gold cuts loss after
weak ISM data;silver rises [GOL/]

STOCKS AND FACTORS TO WATCH

- BTS Group Holdings Pcl (BTS.BK: Quote)

The operator of Bangkok's Skytrain told the stock exchange
it planned to issue 16.3 billion new shares at par value of
0.64 baht each. The proceeds would be used for a warrant
exercise and some of the shares would be offered for a private
placement.

- PTT Pcl (PTT.BK: Quote)

Thailand's top energy firm said it expected net profit in
the second half of the year to be higher than the first half as
its sixth gas separation plant would start up in the fourth
quarter. [ID:nSGE6820C6]

- Banpu Pcl (BANP.BK: Quote)

Thailand's largest coal mine said it expected third-quarter
net profit to be higher than a year earlier thanks to an
extraordinary gain from a sale of part of its stake in
Indonesian unit Indo Tambangraya Megah Tbk PT (ITMG.JK: Quote).
[ID:nWNAS9308]

- Thai Plastic and Chemicals Pcl (TPC.BK: Quote)

Southeast Asia's largest polyvinyl chloride (PVC) maker
said it expected to restart the expansion of its PVC plant at
the Map Ta Phut industrial estate so that it could run
production lines in November after a court lifted a suspension.
[ID:nSGE6820BR]

- For the Thai press digest click on [PRESS/TH]

- For Thailand's IPO diary click on <TH/IPOMENU>

- For Thailand's stock exchange news click on [TH-SET]

- For Thailand corporate earnings: [TH-RES-RTRS]

- For Thailand economic forecast: [POLL-ECI-TH-RTRS]
($1=31.14 Baht)
(Reporting by Arada Kultawanich; Editing by Alan Raybould)