BANGKOK (AP) — Asian stock markets overcame early losses to mostly gain Wednesday as investors hoped for good news from the slew of corporate earnings reports due soon in the U.S.

Oil prices fell to near $85 a barrel while the dollar was stronger against the euro and the yen.

Asian stocks initially slipped after Slovakia, one of the smallest members of the 17-nation grouping that uses the euro, blocked a measure to expand the region’s financial rescue program for heavily indebted countries. The move intensified worries that a failure by Europe to contain its debt crisis could lead to a massive debt default by the Greek government.

Japan’s Nikkei 225 index dropped 0.3 percent to 8,745.57. But other major indexes reversed course. Hong Kong’s Hang Seng rose 0.6 percent to 18,255.23 and South Korea’s Kospi added 0.2 percent to 1,798.82. Benchmarks in Singapore and mainland China also swung into positive territory.

In Hong Kong, sentiment was helped by a government pledge to expand the supply of affordable housing for low- and middle-income residents. Blue chip real estate stocks in Hong Kong welcomed the news. China Vanke Co. rose 2.4 percent, Poly Real Estate Group jumped 3.2 percent, and China Overseas Land & Investment Ltd. gained 1 percent.

China’s Shanghai Composite Index rose 2.2 percent to 2,399.18, two days after a government investment fund announced it had bought shares in major banks, helping to bolster the country’s sagging stock market.

The banks’ Hong Kong-listed shares continued to pile on gains. Industrial & Commercial Bank of China gained 1.2 percent, Agricultural Bank of China added 1.3 percent, and China Construction Bank rose 2 percent.

But in Japan, shares of Honda Motor Co. and Toyota Motor Corp. fell, a day after the companies said some vehicle manufacturing in Thailand had to be suspended due to flooding. Honda lost 2.1 percent and Toyota was down 0.9 percent.

Benchmarks in Australia, Taiwan and Thailand were also lower.

Many analysts hope that the upcoming wave of U.S. corporate earnings reports will pull investor focus away from Europe and back to the health of American companies.

PepsiCo Inc., one of the world’s largest food and beverage makers, is expected to report an uptick in profit Wednesday when the food and beverage maker releases its fiscal third-quarter results.

The results are being closely watched for clues as to what U.S. consumers are willing to spend their money on, which plays a critical role in the U.S. economy.

“If the U.S. corporations miss their estimates for the third quarter, then we will see selling pressure” on markets, according to Castor Pang, head of research at Core Pacific-Yamaichi in Hong Kong.

On Tuesday, Slovakia’s parliament rejected a bill that would have strengthened the powers of a regional rescue fund to help bail out strapped economies in the eurozone.

The 16 other countries that use the euro have already signed off on the bill, but the measure requires unanimous support.

There are ways around Slovakia’s opposition, but the move temporarily sets back efforts to address Europe’s debt jam, which has been the most important issue for financial markets for months.

Such worries have caused investors globally to dump stocks, according to Cambridge, Mass.-based fund tracker EPFR Global.

Eight of the nine major equity fund groups tracked by EPFR posted outflows during the week ending Oct. 5. Investors withdrew a net $11.57 billion from equity funds, the third-worst weekly tally this year.

On Tuesday, the Dow Jones industrial average ended down 17 points after moving between small gains and losses throughout the day.

The Dow lost 0.1 percent to close at 11,416.3. The Standard & Poor’s 500 index rose 0.1 percent to 1,195.54, and the Nasdaq composite rose 0.7 percent to 2,583.03.

Benchmark crude for November delivery was down 73 cents at $85.08 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 40 cents to settle at $85.81 in New York on Tuesday.

In currencies, the euro fell to $1.3616 from $1.3669 late Monday in New York. The dollar strengthened slightly to 76.69 yen from 76.66 yen. — AP

European stock index futures pointed to a steady start after four straight sessions of gains while U.S. futures were mildly weaker.

World stocks clambered out of bear market territory on Monday after a pledge from German and French leaders to come up with a plan by the end of the month to tackle Greece’s confidence-sapping debt woes and recapitalize European banks.

“I think it is significant that Germany and France came together to show they will not allow big banks to collapse,” said Takashi Hiroki, chief strategist at Monex Securities in Tokyo. “Hopes that there won’t be an abandoned bank like Lehman will ease excessive worries in the market.”

Commodities were steady after surging on Monday as money flowed back into riskier assets.

Euro STOXX 50 index futures rose 0.1 percent. Futures for Germany’s DAX gained 0.2 percent and France’s CAC-40 futures were flat, while financial spreadbetters called the FTSE 100 <.FTSE> to open down 0.1 percent. S&P 500 futures fell 0.2 percent. <.EU> <.L>

Shares in China’s big four banks leapt after the domestic arm of the country’s sovereign wealth fund bought their shares in the secondary market on Monday, in Beijing’s first move to support stock prices since the 2008 financial crisis.

But market players remained cautious, with early gains in Shanghai fading. The benchmark mainland stock index <.SSEC> has lost nearly 17 percent this year amid growing concerns of a “hard landing” for the economy.

“This is psychological more than anything fundamental,” said Cheng Yi, senior analyst at Xiangcai Securities in Shanghai. “If 2008 offers any indication, we could see stock prices dip after an initial boost.”

Japan’s Nikkei share average <.N225> closed up 2 percent, partly catching up with gains elsewhere in the region on Monday, when Tokyo was shut for a holiday. <.T>

MSCI’s broadest index of Asia Pacific shares outside Japan <.MIAPJ0000PUS> also rose 2 percent. Hong Kong’s Hang Seng <.HSI> rallied 2.7 percent, but Shanghai’s benchmark gave up its early gains and was off 0.1 percent. <.HK> <.SS>

RECAPITALISE BANKS

Global markets were buoyed after German Chancellor Angela Merkel and French President Nicolas Sarkozy said they would agree on how to recapitalize European banks and present a plan for accelerating economic coordination in the euro zone by a G20 summit in Cannes on November 3-4.

“That is both a positive and a negative,” said Dan Greenhaus, New York-based chief global strategist at broker-dealer BTIG. “It was negative in that no specific details were provided, but positive that they have given a self-imposed deadline.”

Greenhaus told Asia-based reporters on a conference call that BTIG believed Europe’s banking sector would need an injection of 300-500 billion euros.

“Ultimately the major banks need to be recapitalized, but not recapitalized by an unreachable amount of money,” he said.

Wall Street stocks <.SPX> rose more than 3 percent on Monday and European shares gained nearly 2 percent. <.N> <.EU>

MSCI’s All-Country World index <.MIWD00000PUS> now stands around 18 percent below its May high for the year after climbing above the 20 percent loss level — the rule-of-thumb definition of a bear market — on Monday.

FUNDAMENTAL SOLUTION

The euro was virtually unchanged around $1.3640 on Tuesday, after surging as much as 3 cents to a high just below $1.37 in the previous session. The single currency edged up against the yen to around 104.60.

“An image of the euro falling without limit is receding, but unless there is some kind of fundamental solution, a clear break above $1.40 will probably be difficult,” said Satoshi Okagawa, senior global markets analyst for Sumitomo Mitsui Banking Corporation in Singapore.

The dollar rose 0.2 percent against a basket of currencies <.DXY>, but U.S. Treasuries fell as investors appetite for riskier assets returned, with the 10-year yield rising 10 basis points to around 2.164 percent.

A rebound in credit markets continued with spreads tightening about 12 basis points on iTraxx’s Asia ex-Japan investment grade index, while regional interest rate swap curves were mostly higher and steeper.

Oil was slightly lower after rallying 3 percent on Monday, with U.S. crude down 11 cents at $85.31 a barrel and Brent crude shedding 20 cents to $108.75.

Gold, which in recent weeks has switched from a negative to a positive correlation with riskier assets such as industrial commodities and stocks as safe haven investors turned to the dollar, rose 0.2 percent to around $1,678 an ounce.

“As the news revived risk appetite, some money was being moved out of the money market to commodities, including gold,” said Hou Xinqiang, an analyst at Jinrui Futures in China. — Reuters

Amata is Thailand’s leading developer of industrial estates, Amata Nakorn in Chonburi Province and Amata City in Rayong Province, on the country’s largest industrial area the Eastern Seaboard. Amata Corporation PCL. established in 1989 and listed on the Stock Exchange of Thailand (SET) in 1997, is heading Amata Group with 15 subsidiary companies.

Subsidiary businesses manage the supply of utilities, infrastructure and services in Amata Industrial Estates. Amata operates one industrial park in Vietnam, Amata City Bien Hoa; its subsidiary business also offers for a convenient business start up ready-built factories at Amata Nakorn, Thailand.

The Company operates in three segments, including real estate development, which is operated under Amata Nakorn industrial estate project in Rayong province; utility services and rental, which are carried out both in Thailand and overseas, and support services for Amata industrial estate.

The Company’s subsidiaries include Amata City Co., Ltd., Amata (Vietnam) Joint Stock Company, Amata Water Co., Ltd., Amata Facility Services Co., Ltd., Amata Summit Ready Built Co., Ltd., and Amata Hong Kong Ltd, among others. The Company, together with its subsidiaries, also offers support services, such as ready-built factories, power, water, waste water treatment, broadband Internet, vehicle leasing, housing, shopping, health clinic, schools, restaurants and others.

About Amata Full-service industrial estates that save you money and time

Amata Corp. PCL is Thailand’s leading developer and manager of factory estates. Both our Thai estates are situated in the nation’s Eastern Seaboard region, today Southeast Asia’s preferred location for manufacturing. We also operate in booming Vietnam. Known for going beyond the basics to offer a quality, full-service approach, Amata helps factories succeed by saving them time and money. Our 15 subsidiaries and dozens of joint ventures offer support like Ready-Built Factories, power, water, waste water treatment, broadband internet, vehicle leasing, housing, shopping, health clinic, schools, restaurants and more. We are building an industrial estate that functions as a complete town, where people can both earn a living and live well. Amata Nakorn, Chonburi is our biggest estate, with 3,020 hectares (18,873 rai or 7,549 acres), where some 514 manufacturing projects will soon be operating, including 454 already online or under

construction. Located in Chonburi province, in Board of Investment (BOI) Zone 2, the estate is just 57 km from Bangkok, and 42 km from Suvarnabhumi Airport.

Amata City, Rayong has 1,350 hectares (10,018 rai or 4,007 acres), with 128 manufacturing projects soon in operation, including 97 already operating or under construction. Its location in Rayong province is just 27 km from the expanding deep-sea port at Laem Chabang and 99 km from Suvarnabhumi International Airport. It offers BOI Zone 3 investment privileges. In Vietnam, Amata has one major project serving investors at the most advanced standards there. Amata City, Bien Hoa, established in 1994, has 112 factories and more than 700 hectares (4,370 rai or 1,750 acres) of land in Dong Nai province near Ho Chi Minh City. The project’s new phase will add villas, apartments and lifestyle facilities in great demand there. Another Dong Nai industrial estate is being planned near the major airport expected to open after 2010. Amata was established in 1989 and listed on the Stock Exchange of Thailand in 1997. Our global clients include such names as Sumitomo Rubber, Yokohama Tire Manufacturing, Canadoil, Triumph Motorcycles, BMW, Daikin, Sony Mobile, Pepsi-Cola, Bridgestone, Toyota, Colgate Palmolive, Kao, Mitsubishi Electric, Mitsubishi Elevator, Hino Motors and many more. Dozens of the most dynamic Thai manufacturers also make their home at Amata.

Performance at a Glance

Amata Consolidated Results 2006 – 2010

Shayne Heffernan

Shayne Heffernan oversees the management of funds for institutions and high net worth individuals.

Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services. www.livetradingnews.com

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China’s shares fell to their lowest levels in nearly 30 months as pessimism about the country’s economy and combined with tight liquidity ahead of China’s National Day holiday break that will close markets there all of next week.

“It’s hardly surprising that traders are looking to book short-term profits,” said Ben Potter, strategist at IG Markets in Sydney. “No one has any confidence in trying to let profits run by holding positions over the weekend; there’s simply too much uncertainty in the world at the moment.”

Hong Kong’s Hang Seng Index dropped 2.3% to 17592.41, led by losses in Chinese banks and property plays. Its losses for the quarter hit 21%, accounting for most of the index’s 24% loss so far this year. China’s Shanghai Composite, which slipped 0.3% to 2359.22 on Friday, slumped 16% for the quarter. India’s Sensex lost 1.5% to 16453.76, part of its 13% loss over the quarter.

Japan’s Nikkei Stock Average ended fractionally lower at 8700.29, bringing the quarter’s losses to 11%. Australia’s S&P/ASX 200 and South Korea’s Kospi Composite both were fractionally higher on the day, at 4008.60 and 1769.65, respectively, but also deep in the red for the quarter.

Soft data in the region on Friday underscored investor fears about a double-dip recession for the global economy.

Private-sector credit in Australia rose only 0.2% in August, while industrial production in Japan and South Korea was weaker than expected. The HSBC China Manufacturing Purchasing Managers Index for September stayed at 49.9, steady with August’s level, but still showing contraction in manufacturing activity.

Southeast Asian markets, hit particularly hard in September as foreign funds pulled out over worries that the West’s problems will cripple growth, ended Friday mixed. Indonesia’s benchmark was up 0.3% to 3549.03, Thai shares lost 1.1% to 916.21 and Singapore stocks slumped 1.2% to 2675.16.

Among individual stocks, mainland developers fell in Hong Kong on worries about a correction in property prices. China Resources Land tumbled 8.5% to HK$8.49 to become the worst-performing blue-chip of the day.

They brought down banks, as investors worried that a significant correction in property prices could mean an accumulation of bad debt from the developers. China Construction Bank dropped 5.7%, Bank of Communication fell 4.9% and Bank of China declined 4.7%, all in Hong Kong.

Many exporter and financial stocks were battered over the quarter. In Japan, shares of Nomura Holdings skidded 28% since end-June, including a 1% drop on Friday, while Sony plunged 29%, and HSBC dropped 22% in Hong Kong.

Fears that China’s growth will slow sharply and damage Australia’s resource-rich economy pressured that sector: BHP Billiton fell 20% in the quarter, while Rio Tinto tumbled 25%.

Asian currencies weren’t spared from the quarter’s sell-off, triggering intervention from South Korea to India to Thailand. The Korean won was among the biggest losers, dropping 9.5% against the U.S. dollar during that time, and South Korea’s currency authorities sold dollars in what traders described as some of the most aggressive intervention since the 2008 financial crisis.

The New Zealand dollar fell sharply Friday after Standard & Poor’s Ratings Services and Fitch Ratings both downgraded the country’s debt, citing its worsening external-debt position and the costs of earthquake recovery. The downgrades underscored that even nations with a relatively stronger debt profile face economic challenges as global growth falters and governments come under increasing fiscal strain.

Its benchmark stock index, however, rose 1.3% to 3343.35, pushing its performance for the year back into positive territory. — The Wall Street Journal

Benchmark oil hovered above $81 a barrel while the dollar dropped against the euro but was steady against the yen.

Japan’s Nikkei 225 index shed 0.2 percent to 8,602.96 and Australia’s S&P/ASX 200 fell 1.2 percent to 3,989.70. Markets in Hong Kong were closed due to an approaching typhoon.

Mainland China’s Shanghai Composite Index lost 0.5 percent to 2,380.34 and the smaller Shenzhen Composite Index dropped 1.5 percent to 1,016.63.

But South Korea’s Kospi rose 1.8 percent to 1,753.52. Benchmarks in Malaysia, Taiwan, Indonesia and the Philippines were also higher while India and Singapore were down.

Investment sentiment was dented after German Chancellor Angela Merkel late Wednesday suggested that a second bailout package for Greece might have to be renegotiated. Several European leaders want banks to take bigger losses on Greek bonds. France and the European Central Bank oppose the idea.

Earlier this week, financial stocks were buoyed by hopes that a plan was in the works to prevent Greece from defaulting on its debts — an event that some fear would crush banks with significant holdings of the country’s bonds and cause domino-style defaults in other indebted countries such as Italy.

“One of these days, they will manage to get something onto paper. But at the moment, it feels like a big swinging match,” said Ben Potter, market strategist at IG Markets in Melbourne. “Markets always sell off further than they should and snap back further than they should.”

“I think people sort of have fallen into the trap of thinking, ‘The market is rallying, so something good must be happening,’” he said.

Raw materials companies were among the biggest decliners in Asia after prices for commodities like copper and oil fell sharply. Investors fear that Europe’s problems could cause the global economy to slip into another recession, weakening demand for basic materials.

Japanese energy explorer Inpex dropped 1 percent. Nippon Steel fell 3.5 percent. In Australia, mining giants BHP Billiton fell 2.1 percent while Rio Tinto lost 3.3 percent. Newcrest Mining Ltd., the country’s biggest gold miner, fell 2.9 percent.

But technology companies fared better, following on the heels of U.S. tech shares.

South Korea’s LG Electronics soared 12 percent and Samsung Electronics, the world’s top global manufacturer of flat screen televisions, memory chips and liquid crystal displays, rose 4.1 percent. Hynix Semiconductor Inc. gained 5.4 percent.

Shares of POSCO, South Korea’s leading steelmaker, rose 2.2 percent as the company announced the start of work on a cold-rolled stainless steel plant in Turkey, Yonhap news agency said.

Tokyo Electric Power Co., meanwhile, tumbled 12.17 percent following Japanese media reports that a government panel has estimated that compensation payments related to a nuclear leak following the March earthquake and tsunami disaster could reach as high as 5 trillion yen.

On Wall Street on Wednesday, the Dow Jones industrial average fell 1.6 percent to close at 11,010.90. The Standard & Poor’s 500 index fell 2.1 percent to 1,151.06. The Nasdaq composite index fell 2.2 percent to 2,491.58

The decline followed three days of gains. Stocks rose earlier this week on hopes that Europe was moving closer to resolving its debt problems. The Dow soared 272 points on Monday, its fourth-largest increase this year, and another 147 points on Tuesday.

Benchmark crude for November delivery rose 3 cents to $81.24 per barrel on the New York Mercantile Exchange. The contract fell $3.24, nearly 4 percent, to $81.21 per barrel on the Nymex on Wednesday.

Oil rose sharply earlier this week on optimism Europe was getting a better handle on its debt crisis.

In currencies, the euro rose to $1.3617 from $1.3582 late Wednesday in New York. The dollar was unchanged at 76.53 yen. — AP

“This type of move was inevitable. Traders are now facing up to fact that central banks could be coming to the bottom of the rescue measures barrel,” said Kara Ordway, a currency strategist at City Index in Sydney.

The G-20 pledged to take “strong and coordinated” action to stabilize the global financial system, with shares also getting a boost from reports that China’s national pension fund received approval to inject more than $1.56 billion into the stock market.

Still, “there appeared to be nothing in the way of concrete new action and markets were generally underwhelmed,” said Sue Trinh, a senior currency strategist at RBC Captial Markets

Australia’s S&P/ASX 200 index ended down 1.6% at 3903.20 after briefly trading in positive territory, while South Korea’s Kospi lost 5.7% to end at 1697.44. Hong Kong’s Hang Seng Index ended down 1.4% at 17668.83, after trading down as much as 3%, and the Shanghai Composite Index was 0.4% lower at 2433.16. India’s Sensex was down 1.2% in afternoon trade. Japan’s markets were closed for a holiday.

DJIA futures were up 49 points in screen trade.

Indonesian shares ended up 1.7% after plunging 8.9% Thursday. Among other Asean markets, Philippine shares ended down 5.1%, the biggest one-day percentage drop in nearly three years, while Thai shares fell 3.5% in afternoon trade.

Growth-sensitive commodity plays continued to bear the brunt of the selling amid sharp drops in metals prices. Heavyweight BHP Billiton dropped 3% in Sydney and Posco shed 6.2% in Seoul. In Hong Kong, Jiangxi Copper dropped 2% and its Shanghai-listed shares fell 3.3%.

“The triple-whammy of weak [manufacturing purchasing managers' index] in China and the euro zone, plus a downbeat assessment from the Federal Reserve about the long-term economic outlook has sparked sharp falls in commodity prices in the last 24 hours,” said economists at Capital Economics.

In Hong Kong, Swire Pacific was the worst performer among blue chips, falling 6.4% after it said late Thursday it is reconsidering spinning off its property arm by listing it in Hong Kong by way of introduction, meaning it won’t raise any money through the listing. — The Wall Street Journal

After the political unrest of the past few years, the capital has witnessed a parade of the world’s most popular brands here, be it Zara, Gap, Breshka, Forever 21 Inc and Uniqlo, the world’s fourth-largest brand that opened its flagship store on the second floor of CentralWorld today.

Other brands that plan local debuts include H&M of Sweden, Givenchy, Alexander Wang and Lanvin, as the retail business is burgeoning, with the growth rate more than doubling this year.

Fashion brands might also expect even greater purchasing power once the Asean Economic Community takes effect in 2015.

New malls will beckon the newcomers.

“Bangkok has a global market for fashion now the same way it used to be in Singapore and Hong Kong,” said Chalit Limmpanavech, a marketing specialist and director of the Thailand Management Association.

Executives at Central Pattana Plc, the operator of Central shopping complexes and The Mall Group, the operator of The Emporium and Siam Paragon, agreed there are long waiting lists of international fashion brands wanting to rent space.

“Thailand has huge market potential because there are so many young people interested in trends. It is a strategically important country in Uniqlo’s quest to become the leading apparel brand in Asia,” said Tadashi Yanai, CEO of Uniqlo, during his visit to Bangkok yesterday.

Uniqlo plans to open its second branch in CentralPlaza Lardprao in October and a third at Central Rama IX in November, with a fourth early next year. It hopes to have 100 Uniqlo outlets here by 2020.

The CentralWorld branch is 2,750 square metres, its largest in Southeast Asia. It offers 500 items for babies, children and teens created in conjunction with the renowned designer Jil Sander.

Forever 21 Inc, the American fashion brand, just opened its second branch of XXI Forever on the ground floor at CentralPlaza Lardprao.

Sales for Forever 21 grew an average of 25% the past five years and are expected to continue at that level for another five.

“Though there is an economic recession in many parts of the world, the business of Forever 21 was not impacted. Even so, the recession is only a cycle. Our job is to offer affordable products by maintaining low overhead costs and offering a low margin,” said Larry Meyer, an executive vice-president of the company.

Source : Bangkok Post
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PTT doubling capacity as demand rises

MAP TA PHUT : The national oil conglomerate PTT Plc is preparing to expand its liquefied natural gas (LNG) receiving terminal at a cost of US$400 million, with construction expected to start next year.

Outgoing chief executive Prasert Bunsumpun said the expansion was necessary to cope with rising demand for the fuel, particularly from the automotive, industrial and electricity sectors.

The second phase of the LNG receiving terminal will double gas capacity to 10 million tonnes per year. LNG gasification will also double to 1,400 million standard cubic feet per day (mmscfd).

PTT executives will ask its board for approval of the development plan early next year and call bids for contractors after that, with commercial operation of the new phase expected in 2016.

Mr Prasert said the company was also studying the development of cooling water drained from the gasification process because LNG is chilled at -162 degrees Celsius. Cooling water will be drained after the LNG is warmed up in order to turn it into gas via fresh water.

Cooling water could be integrated into the district cooling tower for power plants and renewable energy.

The company held the official opening of the $900-million first-phase LNG terminal yesterday after conducting test runs since May.

The LNG terminal has an initial capacity of 5 million tonnes a year, which can be doubled, said Mr Prasert.

The terminal consists of two 160,000-cubic-metre LNG storage tanks and a port to accommodate vessels between 125,000 cubic metres and 264,000 cubic metres.

The company also opened its sixth gas separation plant worth $780 million. The plant, with capacity of 800 mmscfd, increases PTT’s gas separation capacity by 46% to 2,510 mmscfd.

The project was delayed from the end of last year after the Administrative Court ordered health and environmental impact assessments.

Energy Minister Pichai Naripthaphan, speaking at the opening ceremony yesterday, said the ministry pledged to support floating the price of compressed natural gas in order to help PTT gain enough profit to develop a CNG facility.

CNG started to become popular during the petrol price spike of 2008, and demand has risen sharply from 100 tonnes a day to 4,800 tonnes at the end of last year. It is now 6,400 tonnes per day.

The price was fixed at 8.50 baht a kilogramme seven years ago. As the sole supplier, PTT has absorbed losses of 30 billion baht on sales to date.

“I think PTT had lost too much on sales of CNG so if we want CNG as an alternative fuel we should support the developer,” said Mr Pichai.

PTT shares closed yesterday on the SET at 324 baht, up five baht, in trade worth 781.70 million baht.

Source : Bangkok Post
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Heffernan Capital Management

Info@Heffcap.com

www.heffcap.com

Bangkok
Suite 53 Athenee Tower
63 Wireless Road,
Lumpini, Pathumwan,
Bangkok 10330 THAILAND
Tel: +66 8 0700 7900
Fax: +6682 2079301
Email : info@heffcap.com

New York

347 5th Avenue, Suite 1402-508 NY, NY 10016

Tel: +1 646-403-9881

Fax: +1 646-403-8014

Singapore

3 Raffles Place #07-01 Bharat Building Singapore 048617

Tel: +65 6329 6408

Fax: +65 6329 9699

Info@Heffcap.com

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