Siam Cement stocks rise on high earnings hopes, Thailand
Siam Cement stocks rose 2.8 per cent to THB254, having hit THB255, its highest since November 1, 2007, on expectations of strong first-quarter earnings due to higher petrochemical spreads and a recovery in its paper earnings.
Broker Kim Eng Securities said it expected a 16-25 per cent increase in net profit for the January-March quarter to THB6.0-6.5bn and targeted a share price of THB280bn.
Published under Cement News
