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2553

RETAIL EQUITY RESEARCH


Technical Picks (1 Day)

Thanacharts The Early Bird

Call

Long Term BUY (12 Months)


S/R

Close

SET Index
TP

BEC

Buy

34.75/40.00

KBANK

CPF

Buy

24.90/27.25

BAY

22.50

30.00

LH

Buy

6.70/7.20

BBL

144.00

198.00

SCC

332.00

375.00

LPN

9.95

14.00

119.50

154.00

Close

% Chg

1,005.12

-0.38%

Turnover (Bt m)

39,811

31.85%

Mkt Cap (Bt bn)

8,163

-0.38%

Gainers

163

stocks

Losers

195

stocks

Index

SET 1000-1020
CPF
BEC MSCI 49

. 1.75%


Sentiment

CPF 30
26.25-27.25
28-30
CPF

BEC 49 MSCI Thailand
BEC
4Q10 2 1)
7% prime-time 1 ..
2)
RSI Positive Divergence
37.50 40 35 Call Market

SET -0.38% 32%



THAI IVL MSCI BEC
DJ -0.42%


NYMEX US$1.62
US$81.44

SET Index
(Index)
1,100
1,050
1,000
950
900
850
800
750
700
650
600
Nov-09

(Bt bn)
70

Turnover (RHS)
SET (LHS)

60
50
40
30
20
10
0
Feb-10

May-10

Aug-10

Nov-10

Market Data
Net trade (Bt bn)
Foreign
Retail
Institutes
Proprietary

Prev.

-1M

YTD

+0.38
-0.86
+0.23
+0.25

-6.00
-3.60
+9.60
-0.01

+50.78
-27.84
-25.11
+2.17

Major indices

Close

Dow Jones
NASDAQ
FTSE
MSCI World
MSCI AC Asia

11,006
2,498
5,528
1,194
115

-46.47
-26.99
-22.68
-7.30
-0.84

-0.4%
-1.1%
-0.4%
-0.6%
-0.7%

Commodities

Close

NYMEX (US$/bbl)
84.11
BRENT (ICE) (US$/bbl)
85.92
DUBAI (US$/bbl)
84.83
2,099
Baltic Dry Index
GRM (US$/bbl)
5.87
Gold (US$/oz)
1,386.10
Coal (BJI)*
109.25
HDPE-Naphtha (US$/tonne)*
467.75
Ethylene-Naphtha(US$/tonne)*
207.75
PX-Naphtha (US$/tonne)*
462.75
BZ-Naphtha (US$/tonne)*
135.25
Steel-HRC (US$/tonne)*
595.00
Steel-Rebar (US$/tonne)*
585.00

Currency/Bond
Dollar index
Bt/US$ - on shore
100JPY/US$
10Y bond yield - Thailand
10Y treasury yield - US

Market data**
PE (X)
EPS growth (%)
EV/EBITDA (X)
P/BV (X)
Yield (%)

-1.62 -1.9%
-1.42 -1.6%
+0.67
0.8%
-46.00 -2.1%
-0.72 -10.9%
+18.60
1.4%
-2.00 -1.8%
-6.25 -1.3%
-6.25 -2.9%
-43.75 -8.6%
+1.25
0.9%
-5.00 -0.8%
+0.00
0.0%

Close

81.29
30.21
83.65
3.59
2.80

+0.45
+0.00
-0.04
-0.01
+0.00

0.6%
0.0%
0.0%
-0.3%
0.1%

2010F 2011F 2012F


15.26
15.29
9.03
2.17
3.39

12.95
17.82
7.87
1.98
3.75

11.24
15.23
6.69
1.79
4.15

* Weekly
30-Nov-10
**Data as of closing price
Sources: Bloomberg, Bisnews, BANPU, TNS

Please see the important notice on the back page.

(02-617-4990)
noppadol.pir@thanachartsec.co.th
(02-617-4991)
pawarisa.ler@thanachart.co.th

NEWS UPDATE
Politics
+

mai
+

Property
+

CPN
+

ILINK
+

PS
+

SMIT
+

TMB
+

TOG
+

TTCL
+

VNG
+

VNT
+

. 1 6
.

()

mai 40 49 82%

()

- 3Q10 2.2 1 ()
9 7.1 51% 3.65

1 . 4Q10 ()
15% 4 4.2 .
1,435 . 18-20% 1.3 .
1.2 . 4Q10 Backlog 500 . 100% 3Q10
238.91 . 200-300 .

()

4Q10 3Q10 3.79 .


2.4 . 2011 4
. Backlog 2.9 . 2012

()

4Q10 500 . Gross profit margin 23% 10%


Net profit margin 8% 100 .
--

()

10%
4Q10

()

10% 1.3 . 40% -


CR39 8 / 1Q11

()

3 643 . " "


1.1 . 40% 2
.

()

2.4 " "


- 100% 25%
40%

()

- 4Q10
3Q10 100% 80%

()

THANACHART SECURITIES

1 2553

TODAYs UPDATE
Economic Update
Pimpaka Nichgaroon | Email: pimpaka.nic@thanachartsec.co.th

..

..

..

. ..

y-y 2


2.3%y-y .. 1H10 7.7% 4.9% 3Q10
10%y-y 31%
17%y-y .

17.4%
.. 20% ..
. ( 0.9%)
High season 12.4%y-y ..

16.6%y-y
US$17.9bn US$17bn ..
US$2.9bn ..
2.8% .. 3.3-3.5% 3% ..
. .

THANACHART SECURITIES

1 2553

TODAYs UPDATE
The Real Sector (y-y %)
Manufacturing Production Index, seasonally adjusted (level)
Manufacturing Production Index, without seasonal adjusted (level)
Manufacturing Production Index, without seasonal adjustment
Industrial capacity utilisation (%)
Private consumption indicators
- Retail sales (at 1995 prices)
- Passenger car sales growth (%)
- Motorcycle sales (%)
- Imports of consumer goods growth (at 1995 prices)
Private investment indicators
- Commercial car sales growth (%)
- Imports of capital goods (at 1995 prices)
- Cement sales growth (%)
Government cash balance (Bt b)
Consumer Price Index
- Food
- Non-food
Core inflation (excluding raw food and energy)
External accounts (US$ m)
Exports
Change (%)
Imports
Change (%)
Trade balance
Current account balance
Net capital flow
- Monetary authorities
- Government
- Bank
- Others
Balance of payments
Official reserves (US$ bn)
Monetary statistics (end of period) (Bt b)
Monetary base
Change (%)
Narrow money
Change (%)
Broad money
Change (%)
Other depository corporations credits
Change (%)
Other depository corporations private credits
Change (%)
Interest rates (% pa)
- Repurchase rate, 1 day (closing rate daily average)
- Overnight interbank rate (mid-point daily average)
- Fixed deposit rate (1 year)
- Prime Rate (MLR)
Exchange rate (Bt/US$)
Source: BoT

THANACHART SECURITIES

May-10

Jun-10

Jul-10

Aug-10

Sep-10

Oct-10

188.1
185.0
15.9
64.3

191.6
194.2
14.2
65.4

188.7
190.1
13.1
64.8

182.5
183.7
8.4
63.6

189.1
201.5
8.1
64.4

187.7
191.6
6.2
64.1

7.7
68.1
26.5
45.2

11.6
86.2
43.2
37.4

12.4
74.3
34.2
13.5

8.2
59.4
20.0
27.4

8.6
45.8
9.3
9.2

na
43.2
2.0
11.3

42.5
37.0
19.4
(15.4)
3.5
4.6
2.8
1.2

44.6
42.9
6.4
122.6
3.3
6.1
1.5
1.1

37.0
27.9
3.5
(56.3)
3.4
6.9
1.4
1.2

46.4
32.0
(4.5)
(0.1)
3.3
7.5
1.0
1.2

35.6
21.7
3.7
67.4
3.0
6.6
0.9
1.1

28.9
11.6
(7.4)
(76.0)
2.8
5.5
1.3
1.1

16,436
42.5
14,137
53.5
2,299
1,172
(2,389)
62
(170)
(1,703)
(578)
(989)
143.5

17,878
47.1
15,342
38.3
2,536
814
826
173
102
2,554
(2,002)
2,166
146.8

15,475
21.2
16,266
36.5
(791)
(1,001)
3,123
261
434
527
1,902
1,412
151.5

16,292
23.6
15,440
41.8
852
280
3,935
149
903
1,860
1,024
3,589
155.2

17,955
21.8
14,712
15.7
3,243
2,767
732
457
620
460
(804)
4,270
163.2

17,046
16.6
14,604
13.0
2,442
2,909
3,877
765
434
4,155
(1,478)
5,822
171.1

1,088.8
14.3
1,261.9
14.4
11,001.5
6.8
10,229.1
7.0
9,101.2
7.3

1,072.0
9.3
1,180.2
15.1
10,846.4
7.0
9,983.3
6.2
9,196.7
8.5

1,066.9
11.3
1,173.0
15.8
10,887.1
8.8
9,974.5
7.6
9,219.7
9.1

1,045.6
8.0
1,181.4
11.4
10,968.1
8.5
10,015.9
6.6
9,299.8
9.8

1,118.1
13.7
1,175.5
11.7
11,116.1
9.9
10,091.6
7.8
9,432.7
10.8

1,072.2
9.6
1,202.3
11.4
11,321.4
11.2
10,204.1
8.5
9,580.5
12.1

1.25
1.16
0.65-0.75
5.85-6.25
32.39

1.25
1.13
0.65-0.75
5.85-6.25
32.47

1.40
1.27
1.00-1.25
6.00-6.38
32.33

1.56
1.43
1.00-1.25
6.00-6.38
31.74

1.75
1.62
1.10-1.43
6.00-6.38
30.83

1.75
1.65
1.10-1.50
6.00-6.38
29.97

1 2553

TECHNICAL MARKET OUTLOOK

SET SET 980-1020


1020 980

SET: 1005.12(-0.4%) Bt39,811m (+31.8%)

SET50: 698.46 (-0.6%) Bt28,065m (+32.7%)

SET 20
1007 SET50 700

SET
980-1020


ADX 19
DI- 30 DI+ 23
980 1020

BANPU 760
740 TOP PTTAR PTT PTTEP

SET: 1000 / 980 1020 / SET50: 695 710

, noppadol.pir@thanachartsec.co.th, +66 2617 4900 ext. 4990


, pawarisa.ler@thanachart.co.th, +66 2617 4900 ext. 4991

THANACHART SECURITIES

1 2553

TECHNICAL STOCK PICKS


: BEC, CPF, LH

BEC
: 34.75

35
: 37.50-40
34.50

+2
37.50-40

BEC 2 22%2
RSI Positive Divergence
37.50 40
35-35.50 Call Market

MSCI Thailand BEC


49
CPF
25
: 24.90
: 26.25-27.25

24.80

+0.20
26.25-27.25

CPF Downtrend Line


23.60 26.25-27.25
28-30 Vol.

30

LH
: 6.70

6.80
: 7.20
6.65

+0.20
7.20

V-Shape
7.15-7.20
Vol.
7.40

2
13.60 14-14.50
1 STEC
2.16 2.22
QH
MSCI Thailand BBL 145 Stop loss
BBL
2
21.30 22.50
2 PS
53 59.50-60
THAI
51.75 54.50-57
IVL

, noppadol.pir@thanachartsec.co.th, +66 2617 4900 ext. 4990


, pawarisa.ler@thanachart.co.th, +66 2617 4900 ext. 4991
THANACHART SECURITIES

1 2553

TECHNICAL MOST ACTIVE


Most active stocks

%
53.75 +6.44
IVL
THAI

55.00 +6.28

PTTAR

38.00

-1.30

TRUE

6.35 +4.96

CPF

25.00 +0.81

BBL

144.00

-2.04

PTT

309.00

-1.59

KBANK

119.50

16.20

-2.41

760.00

-1.55

KTB
BANPU

52.00
50.00
52.50
50.00
37.00
36.00
6.10
5.70

55.00
57.00
55.00
60.00
39.00
40.00
7.10
7.60

24.50
23.50
140.00
134.00
304.00
292.00
118.00
113.00
16.00
15.50
760.00
740.00

25.50
26.50
150.00
153.00
314.00
328.00
124.00
130.00
16.60
17.20
776.00
800.00

50.00
57.00
50
60.00

40.00
5.70
6.65
7.60
24.50
25.50 26.50

145

314

124
16.00

760
740

, noppadol.pir@thanachartsec.co.th, +66 2617 4900 ext. 4990


, pawarisa.ler@thanachart.co.th, +66 2617 4900 ext. 4991

THANACHART SECURITIES

1 2553

FUTURES TRADING
SET50

698.46 (-4.19)

695-690

704-706
Head & Shoulders
cancel 710
680 Double Bottoms

SET50
704-706
710
720-730 Stop loss
680 SET50 710

S50Z10 ( ..10)

28,065
710
680

698.60 (-5.30)

10,159

695-690

705, 710
S50Z10
Stop loss 680
710
Basis
0.14

Head & Shoulders 710
680 Stop loss


Long 710
Stop loss 680

Long 680

680

710
680

SET50 Index Futures summary:


Symbol
Settlement P
Close
S50Z10
698.6
698.5
S50H11
697.4
697.1
S50M11
696.2
695.0
S50U11
699.0
699.0

Chg*
-5.3
-4.8
-4.8
-3.0

Open Interest**
19,298
3,778
447
247

* Change from Prior Settlement Price **Previous Day Open Interest

TFEX Trading by Investor Types:


(Contracts)
Institutions
Foreign
Local

Buy
8,833
3,493
10,849

Sell
8,627
533
14,015

Net MTD 2010 YTD 2010


+206
-4,140
-56,208
+2,960
+6,487 +24,700
-3,166
-2,347 +31,508

Source: TFEX

SET 50 Index Futures Fair Price:


Set 50
Settlement price
S50Z10
698.46
698.60
S50H11
698.46
697.40
S50M11
698.46
696.20
S50U11
698.46
699.00

Theoretical Price
697.81
695.82
694.40
693.84

Days
28
119
210
302

Div.Yield
2.91%
2.91%
2.91%
2.91%

Fund rate
1.69%
1.75%
1.90%
2.11%

Fair basis
(0.65)
(2.64)
(4.06)
(4.62)

Basis
0.14
(1.06)
(2.26)
0.54

Premium
0.79
1.58
1.80
5.16

Source: Bisnews AFE, TFEX

, noppadol.pir@thanachartsec.co.th, +66 2617 4900 ext. 4990


, pawarisa.ler@thanachart.co.th, +66 2617 4900 ext. 4991

THANACHART SECURITIES

1 2553

GOLD FUTURES
US$1386.10/oz (US$+18.60) (Spot Gold): RTXGL

Spot Gold

: US$1400, 1415 99.99%

: US$1360, 1340

(+)

(+)
8.5


US$1360-1370
Head &
Shoulders
New High
US$1400 cancel

(DXYO)
81
83
US$1320 US$1310

1400

83

1310

Bt19720/Thai Gold Baht (Bt+150) :GFZ10 ..10


GFZ10
96.5%
(1 Contracts = 50 Thai Gold Baht)
: Bt19550

19900-19950

: Bt19900-19950

Bt19900
Spot Gold
COMEX cancel Head &
Shoulders Vol. Open interest

GFZ10 Bt20000
Long Short
Bt19900-19950 Long

Symbol

Settlement price

Theoretical Price*

Premium

Deposit Fixed 12M (%)

Vol. (Contracts)

Open Int.

Days to Delivery

GFZ10

19,720

+150

19,934

-214

1.25%

2,648

4,651

27

GFG11

19,770

+140

19,974

-204

1.25%

1,113

4,696

85

GFJ11

19,840

+150

20,016

-176

1.25%

200

1,794

147

THB/US$

JPY/US$

US$/EUR

30.23

83.68

1.30

: * Underlying asset (Spot Gold)

, noppadol.pir@thanachartsec.co.th, +66 2617 4900 ext. 4990


, pawarisa.ler@thanachart.co.th, +66 2617 4900 ext. 4991
THANACHART SECURITIES

1 2553

REGIONAL FUND FLOWS


YTD 2010 Regional Fund Flows vs. MSCI Asia ex JP

YTD 2010 Thailand Foreign Net Buy (Sell) vs. SET Index

Accum. Asia-6 (RHS)


MSCI Asia ex JP (LHS)

(Index)
600

(US$ bn)
60

580

2.0

1,000

40

540

(US$ bn)
2.5

1,050

50

560

Accum. Fund Flows Thailand (RHS)


SET Index (LHS)

(Index)
1,100

1.5

950

520

30

900

1.0

500

20

850

0.5

480

800

10

460

440
Mar-10

May-10

Jul-10

Sep-10

650
Jan-10

Nov-10

YTD 2010 Regional Fund Flows

May-10

Jul-10

Sep-10

Nov-10

Week To Date (29 Nov-1 Dec) Regional Fund Flows

(US$ m)
100
28,733

59

50

14

25,000

(50)

20,000

15,619

(15)

(100)

15,000

(67)

(150)

10,000

6,346

(200)
2,041

5,000

1,660

(174)

(250)

1,234

(219)

India Indonesia

Korea

Indonesia

India

Philippines

Thailand

Indonesia

Taiwan

Korea

India

Net Foreign Fund Flows (US$ m)


Thailand

Taiwan

(300)

Thailand

30,000

(1.0)
Mar-10

Philippines

(US$ m)
35,000

(0.5)

700

(10)

420
Jan-10

0.0

750

Index Change (%)

Korea Philippines Taiwan

Asia-6

Yearly
(1,135) (14,707)

Thailand

India Indonesia

Korea

Philippines

Taiwan

y-y %

2008

(4,788)

(12,918)

1,748

(33,307)

(65,107)

(47.6)

(51.9)

(50.6)

(40.7)

(48.3)

(45.3)

2009

1,114

17,497

1,384

24,813

420

14,877

60,103

63.2

79.8

87.0

49.7

63.0

78.4

YTD 2010

1,660

28,733

2,041

15,619

1,234

6,346

55,633

36.8

11.8

39.3

13.2

29.5

2.3

Monthly

m-m %

Sep-10

1,171

6,373

668

3,637

307

2,496

14,653

6.8

11.7

13.6

7.5

15.0

8.2

Oct-10

517

5,579

36

3,408

632

1,320

11,491

0.9

(0.2)

3.8

0.5

4.1

0.6

(208)

3,901

(280)

1,491

(29)

1,777

6,651

2.1

(2.6)

(2.9)

1.2

(7.4)

1.0

Nov-10

Weekly

w-w %

1-5 Nov 10

103

3,302

(85)

1,189

16

2,035

6,560

5.7

4.9

0.5

3.0

1.9

2.0

8-12 Nov 10

(94)

220

(5)

209

(31)

237

536

(2.1)

(4.0)

0.3

(1.3)

(6.3)

(1.6)
(0.1)

15-19 Nov 10

(32)

384

17

32

(1)

(606)

(207)

(1.0)

(2.8)

1.6

1.5

3.1

22-26 Nov 10

(171)

(65)

(139)

280

(27)

285

163

(1.7)

(2.3)

(2.2)

(2.0)

(3.6)

0.1

29 Nov-1 Dec

(15)

59

(67)

(219)

14

(174)

(402)

1.4

2.0

(3.1)

0.1

(2.5)

0.7

Daily

d-d %

24-Nov-10

(64)

389

(61)

44

(1)

(59)

248

(0.3)

(1.2)

(0.5)

(0.2)

(0.5)

25-Nov-10

(6)

(117)

20

(149)

(2)

122

(133)

(0.9)

(0.7)

1.2

0.1

(0.7)

0.6

26-Nov-10

(38)

(147)

(112)

52

(58)

(300)

(0.5)

(0.9)

(1.6)

(1.3)

(1.1)

(0.5)

29-Nov-10

(28)

59

(15)

(140)

(132)

(255)

1.7

1.4

(0.3)

(0.3)

0.7

30-Nov-10

13

(52)

(80)

14

(42)

(147)

(0.4)

0.6

(2.7)

0.5

0.1

(47.5)

106.6

(61.5)

Net Fund Flows / Market Cap (%)

(0.4)

Change (%)

2009

0.7

3.1

0.7

3.3

0.7

2.3

2.5

YTD 2010

0.6

4.5

0.6

1.7

1.5

0.9

1.9

(4.5)

43.8

(5.7)

Source: Bloomberg

THANACHART SECURITIES

10

1 2553

THAILAND FUND FLOWS


Daily Fund Flows Summary
As of 30-Nov-10

Equity Market
Buy

Sell

Net

Buy

Sell

Net

Buy

Sell

Net

14,421

381

3,493

534

2,959

8,146

2,603

5,542

Institution Investors (II)


Retail Investors (RI)

Bond Market

14,802

(Bt m)
Foreign Investors (FI)

Futures Market (m contracts)

2,555

2,329

226

8,830

8,812

18

11,481

2,143

9,338

18,932

19,788

(856)

11,257

14,234

(2,977)

27,775

6,510

27,775

3,522

3,273

249

Proprietary Trading (PT)


Equity Market (SET)

Futures Market

Bond Market

(Bt m)

(m contracts)

(Bt m)

600
400
200
0
(200)
(400)
(600)
(800)
(1,000)

4,000
3,000
2,000
1,000
0
(1,000)
(2,000)
(3,000)
(4,000)

30,000

381

249

226

FI

(856)
RI

II

2,959

25,000
20,000

18

15,000
10,000

9,338
5,542

5,000
(2,977)
FI

PT

27,775

II

0
FI

RI

II

RI

Daily Trading Turnover Breakdown By Investor Type


Equity Market

Futures Market

Bond Market

Turnover: Bt39,811m

Volume: 23,580 m contracts

Turnover: Bt29,329m

FI
9%

PT
9%

FI
21%

FI
37%
RI
54%

II
37%

RI
48%

RI
53%

II
26%

II
6%
YTD 2010 Net Foreign Fund Flows By Market
(Bt bn)

Equity

Bond

(Bt bn)

Futures (m contracts)

400

500
354

350

450

300

400

250

350

29

300

200

250

150

200

100
50
29

50
0
(50)
Jan-10

Futures (m contracts)
Bond
Equity

150
100
50

Mar-10

May-10

Jul-10

Sep-10

Nov-10

354

50
YTD 2010

Source: SET, TFEX, Thai Bond Market Association

THANACHART SECURITIES

11

1 2553

COMMODITIES UPDATE
WTI, Dubai, Brent (PTT,PTTEP,TOP,PTTAR,BCP)

Source: Bloomberg

GRM Simple (IRPC, RPC)

Source: Bloomberg, TNS

GRM Complex (BCP, TOP, PTTAR, IRPC, ESSO)


(US$/bbl)
100
90

WTI

84.11

-1.62

Brent

85.92

-1.42

Dubai

84.83

+0.67

(US$/bbl)
10

GRM-Simple

2.55

+0.03

GRM-Complex

7.04

+0.10

8
6

80

70

60

50

(2)

40

(4)

30
Nov-08

Mar-09

Jul-09

Nov-09

Mar-10

Jul-10

HDPE, LDPE, Ethylene (PTTCH, SCC, IVL)


(US$/tonne)
1,000
800

Source: Datastream

837.8

LDPE-Naphtha

(6)
Nov-08

Nov-10

467.8

-6.25

Ethylene-Naphtha

207.8

-6.25

Jul-09

Nov-09

Mar-10

Jul-10

Paraxylene, Benzene (PTTAR, TOP, IRPC)


(US$/tonne)
900

-6.25

HDPE-Naphtha

Mar-09

800

Nov-10

Source: Datastream

PX-Naphtha

462.8

-43.75

Benzene-Naphtha

135.3

+1.25

Mar-10

Jul-10

700
600

600

500
400

400

300
200

200

100
0

0
Nov-08

Mar-09

Jul-09

Nov-09

Mar-10

Jul-10

Baltic Dry Index (TTA, PSL)


(US$/tonne)
5,000

(100)
Nov-08

Nov-10

Source: Bloomberg

Baltic Dry Index

2,099

-46

Nov-09

Source: BANPU

109.25

BJI

Nov-10

-2.00

110

4,000
3,500

100

3,000

90

2,500

80

2,000
1,500

70

1,000

60

500
Mar-09

Jul-09

Nov-09

Mar-10

Jul-10

Steel-HRC, Steel-Rebar (SSI,GJS,GSTEEL,TSTH)


(US$/tonne)
800

Steel-HRC
Steel-Rebar

750

595
585

50
Nov-08

Nov-10

Source: Bloomberg

Mar-09

+0.00

Jul-09

Nov-09

Mar-10

Jul-10

Broiler, Swine (CPF, GFPT)


(Bt/Kg.)
70

-5.00

Nov-10
Source: OAE

Swine Price

55.5

+0.00

Broiler Price

39.0

+0.00

65

700

60

650

55

600

50

550

45

500
450

40

400

35

350

30

300
Nov-08

Jul-09

Coal BJI (BANPU, LANNA, UMS)


(US$/tonne)
120

4,500

0
Nov-08

Mar-09

Mar-09

Jul-09

THANACHART SECURITIES

Nov-09

Mar-10

Jul-10

25
Nov-08

Nov-10

12

Mar-09

Jul-09

Nov-09

Mar-10

Jul-10

Nov-10

1 2553

MANAGEMENT STAKE CHANGES


( 59-2)

A
A
A
ADVANC
BLAND
BLAND
PTTEP
PTTEP
PTTEP
SAT
SGP
SLC
SSC
SSC
SSC
SVI
TTI
TUF


/
25/11/53
26/11/53
29/11/53
29/11/53
25/11/53
26/11/53
25/11/53
25/11/53
25/11/53
25/11/53
29/11/53
22/11/53
26/11/53
26/11/53
29/11/53
29/11/53
26/11/53
25/11/53

2
3

()
100,000
100,000
50,000
20,000
50,000
100,000
5,000
5,000
5,000
300,000
50,000
12,500,000
90,080
46,300
20,000
500,000
1,500
10,000

()
3.66
3.68
3.68
90.00
0.12
0.21
168.00
169.00
170.00
30.00
16.70
0.03
0.00
50.00
55.00
3.24
23.00
53.50

()
366,000
368,000
184,000
1,800,000
6,000
21,000
840,000
845,000
850,000
9,000,000
835,000
375,000
0
2,315,000
1,100,000
1,620,000
34,500
535,000

( 246-2)

Sell/Buy

EMC
THANI

BUY
SELL

%/

0.09
(0.39)

%/

5.06
4.89

25/11/53
16/11/53

Source: www.sec.or.th

Turnover List (Cash Balance)

%1W-Turnover
PE ratio
%Premium
Cash balance
()

15 ..3 ..10
TPP
383.69
254.76
125.27

22 ..9 ..10
LOXLEY
59.45
429.22
132.13

29 ..17 ..10
BAY13CA
1,147.16
123.29

46.95
29 ..17 ..10
IVL13CB
1,294.88
238.54

87.88
29 ..17 ..10
TOP13CA
1,397.16
307.32

76.87
:

:
1) 100 . 2) 50% 3) PE Ratio 50
:
1) 100 . 2) 100% 3) %Premium 20%
Source: www.sec.or.th

THANACHART SECURITIES

13

1 2553

NVDR ACTIVE
NVDR Turnover Net Buy Values (Bt m)
Symbol

NVDR Turnover Net Sell Values (Bt m)

30 Nov

29 Nov

26 Nov

25 Nov

24 Nov

1 IVL

716.47

(69.80)

25.74

132.64

19.15

2 THAI

506.26

(1.92)

25.24

100.38

(79.51)

3 CPF

272.58

266.19

(20.35)

30.27

44.22

4 PTT

263.07

44.07

(67.23)

50.80

140.45

4 BAY

5 PTTAR

131.19

(17.56)

(7.44)

1.05

(60.26)

6 SCC

130.19

316.81

40.59

116.50

133.43

7 CPALL

7 SCB
8 RATCH
9 CPN

(41.91)
(35.91)

127.11

7.51

(46.55)

2.66

(20.06)

8 PTL

85.64

(1.43)

(0.70)

(1.69)

(2.65)

9 JAS

Symbol

30 Nov

29 Nov

26 Nov

25 Nov

24 Nov

1 BBL

(576.57)

(117.23)

(178.55)

(38.04)

(170.31)

2 KTB

(322.47)

(8.49)

(72.89)

(10.49)

(11.99)

3 BANPU

(116.09)

(239.20)

(280.48)

(619.57)

132.94

(93.06)

(4.59)

34.97

37.57

(36.34)

5 PTTEP

(68.52)

(11.30)

(54.76)

(5.05)

(417.97)

6 TCAP

(58.49)

16.60

10.45

16.55

(62.23)

(47.12)

22.57

(125.84)

(100.60)

(5.80)

(42.44)

(72.59)

(22.20)

12.57

2.43

(20.71)

(8.77)

21.40

(7.95)

(208.74)

(203.05)

0.01

4.61

79.38

12.28

2.48

(29.00)

(0.40)

10 LH

74.25

47.07

62.19

105.80

43.32

10 PTTCH

11 LPN

71.85

16.55

28.01

(15.98)

29.05

11 IRPC

(33.43)

(17.70)

(9.63)

23.84

(5.70)

12 KK

64.56

6.96

33.29

(9.55)

(28.49)

12 SPALI

(31.08)

1.23

24.55

(3.08)

10.19

13 BTS

61.33

1.87

(2.58)

(0.07)

0.25

13 TUF

(27.83)

(2.16)

30.71

(1.71)

11.72

14 AP

54.43

55.25

(18.21)

23.56

(7.82)

14 GLOW

(19.63)

0.78

(1.09)

21.91

1.12

15 DTAC

41.89

2.23

33.71

17.62

30.41

15 TTA

(17.34)

(1.61)

(0.64)

(6.20)

(55.52)

16 TVO

36.68

7.88

6.08

0.92

(16.34)

16 ADVANC

(16.70)

(2.72)

(22.74)

22.12

7.93

17 PS

23.71

42.34

65.16

15.39

0.10

17 HMPRO

(13.92)

(1.35)

(0.97)

(0.00)

(24.52)

18 SSC

16.60

155.90

62.83

69.04

25.89

18 MAJOR

(13.21)

(5.93)

7.42

4.33

7.89

19 TPIPL

14.79

(13.92)

(3.62)

9.84

(4.78)

19 TPC

(13.20)

0.01

(0.24)

(0.89)

0.43

20 AMATA

14.08

0.71

(0.21)

(0.06)

1.00

20 GFPT

(12.81)

0.02

(0.37)

(0.91)

(0.17)

NVDR Most Active Values (Bt m) (30-Nov-10)

NVDR Outstanding Share (shares) (30-Nov-10)

Symbol

BUY

SELL

TOTAL

NET

% Turnover

1 KBANK

624.73

633.36

1,258.10

(8.63)

50.33

2 IVL

950.87

234.41

1,185.28

716.47

3 BBL

169.47

746.04

915.52

(576.57)

Symbol

No. of Shares Paid Up Capital


in Hand
Shares

% of Paid Up
Capital

1 TISCO-P

22,300

36,058

61.84

13.21

2 RAIMON

1,011,235,391

3,250,385,569

31.11

31.92

3 BBL

490,826,249

1,908,842,894

25.71

4 THAI

706.99

200.73

907.72

506.26

15.96

4 GOLD

157,172,015

630,082,069

24.94

5 BAY

320.81

413.86

734.67

(93.06)

35.53

5 KBANK

596,720,347

2,393,260,193

24.93

6 PTT

404.55

141.48

546.03

263.07

19.83

6 LH

7 SCB

194.38

241.49

435.87

(47.12)

29.75

7 BANPU

8 BANPU

2,392,900,887 10,025,921,523
59,095,449

23.87

271,747,855

21.75

158.06

274.15

432.20

(116.09)

19.61

8E

150,543,037

694,000,000

21.69

9 KTB

51.53

374.00

425.53

(322.47)

15.77

9 LPN

285,934,391

1,475,698,768

19.38

10 CPF

315.86

43.28

359.14

272.58

10.74

10 BLAND-W2

1,306,335,480

6,885,993,163

18.97

11 SCC

244.27

114.08

358.34

130.19

28.17

11 PRANDA

72,620,100

400,668,354

18.12

12 PTTAR

185.36

54.17

239.52

131.19

6.57

12 NOBLE

79,151,900

456,471,175

17.34

13 LH

138.25

64.00

202.25

74.25

55.32

13 TISCO

121,000,257

727,876,028

16.62

14 PTTEP

54.19

122.70

176.89

(68.52)

11.59

14 SIRI

241,839,563

1,489,033,692

16.24

15 CPALL

141.33

14.23

155.56

127.11

21.12

15 BAY

952,638,981

6,074,143,747

15.68

16 AP

102.51

48.07

150.58

54.43

30.78

16 GBX

155,242,500

1,089,074,616

14.25

17 PS

73.01

49.31

122.32

23.71

12.94

17 PF

109,040,726

787,724,120

13.84

18 LPN

92.14

20.29

112.43

71.85

23.40

18 SYNTEC

218,907,500

1,600,000,000

13.68

19 TOP

46.99

58.65

105.64

(11.67)

6.59

19 ASP

281,761,134

2,105,656,044

13.38

20 TVO

69.60

32.91

102.51

36.68

18.26

72,498,785

565,825,828

12.81

20 KK

Source: SET

THANACHART SECURITIES

14

1 2553

SHORT SALES
Short Sale as of 30 Nov 2010
Securities

Volume

Turnover

Average Price

Last Price

% Price Change

% Short Sale Volume

(shares)

(Bt)

(Bt)

(Bt)

From Average Price

Comparing with Main Board

KBANK

429,000

51,180,500

119.30

119.50

-0.17%

4.10%

TTA

100,000

2,040,000

20.40

20.40

0.00%

2.51%

BBL

207,300

30,165,600

145.52

144.00

1.05%

2.11%

LH
TRUE

405,500

2,744,900

6.77

6.80

-0.45%

2.07%

4,551,600

27,549,600

6.05

6.35

-4.68%

1.63%

CHINA

4,000

29,840

7.46

7.45

0.13%

1.53%

DELTA

15,000

491,250

32.75

32.75

0.00%

0.74%

THAI

270,700

14,661,500

54.16

55.00

-1.52%

0.54%

TPIPL

23,500

289,150

12.30

12.20

0.85%

0.51%

TOP

53,400

3,582,650

67.09

67.25

-0.24%

0.45%

BAY

170,000

3,876,000

22.80

22.50

1.33%

0.42%

IVL

259,000

13,195,000

50.95

53.75

-5.22%

0.30%

PTTEP

13,000

2,208,500

169.88

167.00

1.73%

0.30%

TCAP

11,400

424,650

37.25

37.25

0.00%

0.29%

TISCO

3,000

129,000

43.00

43.25

-0.58%

0.25%

TDEX

2,000

14,000

7.00

7.04

-0.57%

0.24%

KSL

8,000

111,200

13.90

13.50

2.96%

0.22%

PTTCH

12,200

1,868,300

153.14

153.50

-0.23%

0.19%

PTTAR

81,300

3,076,900

37.85

38.00

-0.40%

0.17%

SCC

3,000

986,000

328.67

332.00

-1.00%

0.16%

KTB

100,000

1,610,000

16.10

16.20

-0.62%

0.13%

PS

29,000

611,700

21.09

21.00

0.44%

0.13%

BANPU

1,000

766,000

766.00

760.00

0.79%

0.07%

SCB

5,000

525,000

105.00

103.50

1.45%

0.07%

BGH

500

18,875

37.75

38.25

-1.31%

0.02%

MINT

1,000

11,700

11.70

11.70

0.00%

0.02%

Source: SET

THANACHART SECURITIES

15

1 2553

WARRANT TABLE
As of 30/11/10

ADAM-W1

Exercise

Conversion

Expiry

Last Price(B)

price
1.000

ratio (W:S)

date

underlying

1:1.0000

14-Feb-12

0.94

Warrant

Volatility

B&S

Prem/Disc

of stocks

price(B)

to B&S

0.49

50.4%

0.13

276.1%

Gearing

Implied
volatility

Exercise
period

1.92

219.2%

Last business day of Mar, Jun, Sep, Dec

AIM-W1

0.200

1:1.0000

17-Sep-12

0.09

0.02

153.0%

0.03

(41.5%)

4.50

105.5%

Last business day of Mar, Jun, Sep, Dec

AIT-W1

16.500

1:1.0000

30-Sep-12

42.75

26.00

8.6%

26.21

(0.8%)

1.64

na

Last business day of Mar, Jun, Sep, Dec

AMC-W1

3.000

1:1.0000

7-Mar-14

1.98

0.54

18.9%

0.06

801.3%

3.67

57.5%

Last business day of Mar and Sep

BCP-W1

18.000

1:1.0000

14-May-11

15.40

2.76

14.5%

0.04

na

5.58

91.8%

Last business day of Mar, Jun, Sep, Dec

BLAND-W2

1.500

1:1.0000

2-May-13

0.71

0.10

32.8%

0.01

595.8%

7.10

65.2%

Last business day of Mar, Jun, Sep, Dec

BLAND-W3

1.100

1:1.0000

31-Oct-15

0.71

0.19

32.8%

0.11

69.5%

3.74

46.6%

Last business day of Mar, Jun, Sep, Dec (30th on 30 Dec 2010)

BLISS-W1

0.800

1:1.0000

17-Jul-12

0.05

0.01

91.7%

0.00

na

5.00

166.6%

Last business day of Mar, Jun, Sep, Dec

BTS-W2

0.700

1:1.0000

11-Nov-13

0.80

0.30

19.0%

0.17

79.7%

2.67

51.7%

Last business day of Mar, Jun, Sep, Dec (28th on 30 Dec 2012)

CEN-W2

2.096

1:1.0500

17-Jan-13

5.50

3.42

24.4%

2.94

16.3%

1.69

96.9%

Last business day of Mar, Jun, Sep, Dec

CEN-W3

2.000

1:1.0000

10-Jun-15

5.50

3.48

24.4%

3.00

16.2%

1.58

74.7%

Last business day of Mar, Jun, Sep, Dec

CGD-W1

1.000

1:1.0000

26-Oct-11

0.67

0.10

68.3%

0.08

23.0%

6.70

76.5%

Last business day of every month

CGD-W2

0.500

1:1.0000

21-Jun-13

0.67

0.35

68.3%

0.25

38.3%

1.91

118.4%

Last business day of Mar, Jun, Sep, Dec

CGS-W5

1.500

1:1.0000

18-Jan-13

0.95

0.35

16.8%

0.00

na

2.71

100.6%

Last business day of Mar, Jun, Sep, Dec

CIG-W2

0.500

1:0.2500

15-Jun-12

1.12

0.22

30.6%

0.14

51.9%

1.27

198.2%

Last business day of every month

CSP-W1

3.900

1:1.0000

29-Nov-13

2.10

0.36

19.8%

0.02

na

5.83

56.3%

End of May, Nov

CWT-W1

6.000

1:1.0000

30-Jan-12

12.70

7.10

102.9%

5.44

30.5%

1.79

211.1%

Last business day of Dec

DELTA-W2

1.000

1:1.2310

19-Dec-10

32.75

28.50

26.2%

39.09

(27.1%)

1.41

na

DEMCO-W3

2.700

1:1.0000

10-Feb-12

5.00

2.60

30.1%

1.90

36.6%

1.92

121.9%

Last business day of Mar, Jun, Sep, Dec (30th on 30 Dec 2010)
Last business day of Mar, Jun, Sep, Dec (30th on 30 Dec 2010)

Last business day of Jan, Apr, Jul, Oct

DEMCO-W4

5.000

1:1.0000

10-Feb-13

5.00

1.36

30.1%

0.84

61.8%

3.68

52.1%

EASON-W1

1.000

1:1.0000

26-Apr-11

1.82

0.81

10.8%

0.61

33.2%

2.25

183.6%

End of Jun, Dec

EMC-W2

2.000

1:1.0000

24-Aug-11

1.51

0.41

10.4%

0.00

na

3.68

126.7%

End of Mar, Jun, Sep, Dec

ESTAR-W1

0.424

1:1.0000

29-Dec-11

0.43

0.13

24.1%

0.04

199.3%

3.31

84.1%

End of Mar, Jun, Sep, Dec

ESTAR-W2

1.000

1:1.0000

29-Dec-11

0.43

0.03

24.1%

0.00

na

14.33

76.6%

End of Mar, Jun, Sep, Dec


Last business day of Jan, Apr, Jul, Nov

FOCUS-W1

3.000

1:1.0000

15-Jun-14

1.62

0.30

39.6%

0.14

117.0%

5.40

59.9%

GBX-W1

1.000

1:1.0000

31-Aug-11

1.00

0.37

25.6%

0.07

413.3%

2.70

150.6%

End of Feb, May, Aug, Nov

GEN-W2

1.000

1:1.0000

24-Dec-11

0.12

0.08

84.9%

0.00

na

1.50

294.9%

30 Jun, 30 Dec (1st on 30 Jun 2010)

GJS-W1

3.162

1:1.0000

31-Oct-11

0.24

0.02

35.9%

0.00

na

12.00

159.5%

End of Mar, Jun, Sep, Dec

23.000

1:1.0000

30-Dec-11

25.00

2.08

26.1%

2.90

(28.2%)

12.02

12.6%

Last 7 business days of each quarter

IEC-W1

0.027

1:1.0000

18-Jun-14

0.02

0.01

0.0%

0.00

#DIV/0!

2.00

na

KK-W4

19.530

1:1.0000

18-Jan-11

38.00

17.50

20.5%

16.52

5.9%

2.17

165.7%

30 Mar, 30 Jun, 30 Sep, 30 Dec

KSL-W1

10.000

1:1.0000

15-Mar-13

13.50

4.22

31.2%

4.25

(0.8%)

3.20

30.5%

15 Mar, 15 Jun, 15 Sep, 15 Dec (1st on 15 Mar 2011)

LEE-W2

2.500

1:1.0000

20-May-13

3.10

0.65

8.1%

0.52

24.8%

4.77

26.9%

Last business day of Jun, Dec (1st on 30 Dec 2010)

LIVE-W1

0.200

1:1.0000

21-Jan-14

0.20

0.05

75.5%

0.04

21.4%

4.00

96.2%

Last business day of Mar, Jun, Sep, Dec

LVT-W2

1.500

1:1.0000

10-Dec-11

1.53

0.39

49.7%

0.25

54.0%

3.92

80.9%

Last business day of Mar, Jun, Sep, Dec

MATCH-W2

1.400

1:1.0000

29-May-14

2.30

1.19

81.0%

1.26

(5.8%)

1.93

71.3%

MILL-W1

2.000

1:2.5000

24-Feb-14

2.32

0.89

10.7%

1.01

(12.0%)

6.52

na

MINT-W4

13.000

1:1.0000

18-May-13

11.70

2.72

29.2%

1.71

59.5%

4.30

44.8%

Last business day of every month

MJD-W1

2.000

1:1.0000

28-Jun-13

2.78

0.72

24.2%

0.64

11.8%

3.86

35.2%

Last business day of Mar, Jun, Sep, Dec

PF-W2

0.010

1:1.0000

6-Nov-12

4.22

4.52

16.7%

4.16

8.6%

0.93

na

TSF-W1

0.200

1:1.0000

16-Nov-12

1.90

1.25

58.5%

1.14

9.7%

1.52

283.2%

Last business day of Feb, May, Aug, Nov

ROJNA-W2

4.000

1:1.0000

30-Jul-14

10.60

6.80

17.2%

5.52

23.3%

1.56

95.0%

Last business day of Feb, May, Aug, Nov

RS-W1

1.709

1:1.0530

14-Jan-11

2.16

0.42

16.9%

0.38

9.4%

5.42

70.8%

End of Jan, Jul

RS-W2

1.900

1:1.0000

19-May-14

2.16

0.73

16.9%

0.41

78.2%

2.96

46.7%

End of Jun, Dec (1st on 30 Jun 2011)

SALEE-W1

3.904

1:1.1526

30-Nov-11

3.82

0.45

42.6%

0.58

(22.0%)

9.78

33.1%

End of May, Nov

SAM-W1

1.000

1:1.0000

12-Nov-12

0.83

0.39

20.7%

0.04

859.7%

2.13

124.4%

End of Jun, Dec (1st on 30 Dec 2010)

GL-W1

End of Mar, Jun, Sep, Dec

Last business day of Mar, Jun, Sep, Dec


Last business day of Jun and Dec (1st on 30 Jun 2012)

30 Jun and 30 Dec

SINGHA-W

6.000

1:1.0000

28-Nov-14

0.40

0.11

32.3%

0.00

na

3.64

114.0%

End of May , Nov

SIRI-W1

5.200

1:1.0000

20-Jan-15

5.60

1.15

17.6%

0.82

40.2%

4.87

30.4%

Last business day of Mar, Jun, Sep, Dec (1st on 30 Mar 2012)

SLC-W1

0.165

1:2.4305

16-May-15

0.07

0.03

115.7%

0.10

(69.1%)

5.67

51.8%

Last business day of May, Nov (1st on 30 Nov 2010)

SLC-W2

0.100

1:1.0000

28-Oct-15

0.07

0.02

115.7%

0.05

(55.7%)

3.50

50.2%

Last business day of Mar, Sep (1st 31 Mar 2011)

SMM-W1

1.250

1:1.0000

3-Feb-12

0.76

0.21

25.4%

0.00

na

3.62

132.2%

End of Mar, Jun, Sep, Dec

SPORT-W2

5.146

1:1.0688

10-Jun-11

3.02

0.03

14.6%

0.00

na

107.59

47.4%

End of Mar, Jun, Sep, Dec

SPORT-W3

2.000

1:1.0000

21-Apr-15

3.02

1.07

14.6%

1.04

2.7%

2.82

19.4%

End of Mar, Jun, Sep, Dec

SPPT-W1

3.750

1:1.0000

7-May-11

3.50

0.25

11.8%

0.03

781.2%

14.00

43.5%

End of Mar, Jun, Sep, Dec

SST-W1

8.000

1:1.0000

21-Jan-12

7.80

0.95

39.5%

1.04

(8.6%)

8.21

36.0%

Last business day of Mar, Jun, Sep, Dec

STAR-W

2.300

1:1.0000

31-May-12

1.27

0.39

12.5%

0.00

na

3.26

115.1%

End of Mar, Jun, Sep, Dec

STPI-W1

2.596

1:1.3427

6-May-13

27.50

38.00

16.9%

33.14

14.7%

0.97

na

End of May, Nov

SVI-W2

1.000

1:1.0000

14-Dec-10

3.18

1.82

52.0%

2.11

(13.6%)

1.75

na

15 Jan, 15 Apr, 15 Jul, 15 Oct

TAPAC-W1

2.300

1:1.0000

31-May-13

3.00

0.95

13.4%

0.56

70.8%

3.16

61.7%

TCC-W1

1.000

1:1.0000

30-Oct-14

3.06

1.97

50.4%

1.55

27.5%

1.55

149.0%

End of Jun

TFD-W1

1.000

1:1.1000

31-Mar-13

0.82

0.23

15.1%

0.03

687.2%

3.92

59.6%

End of Mar, Jun, Sep, Dec

TICON-W3

19.688

1:1.0158

31-Jan-14

13.60

0.72

22.0%

0.59

22.0%

19.19

24.0%

Last business day of Mar, Jun, Sep, Dec

TICON-W4

7.908

1:1.0116

20-May-11

13.60

5.25

22.0%

5.13

2.3%

2.62

56.4%

Last business day of Mar, Jun, Sep, Dec

TIES-W1

1.200

1:1.0000

7-Jun-12

0.46

0.18

31.9%

0.00

na

2.56

177.3%

Last 7 business days of each quarter

TRT-W1

3.000

1:1.0000

27-May-11

5.95

2.92

7.6%

2.69

8.5%

2.04

102.2%

End of Jun, Dec

TSTH-W1

2.100

1:1.0000

1-Dec-12

1.63

0.36

17.9%

0.05

686.5%

4.53

58.2%

End of Mar, Jun, Sep, Dec

TSTH-W2

6.114

1:1.0000

1-Dec-12

1.63

0.08

17.9%

0.00

na

20.38

64.3%

End of Mar, Jun, Sep, Dec

TUCC-W1

1.500

1:1.0000

13-May-11

1.13

0.14

31.0%

0.01

na

8.07

95.7%

End of May, Nov

TVO-W2

8.900

1:1.0000

18-May-12

30.75

20.80

46.4%

20.61

0.9%

1.48

63.4%

Last business day of Mar, Jun, Sep, Dec

TVO-W3

8.900

1:1.0000

18-May-12

30.75

22.50

46.4%

22.12

1.7%

1.37

71.6%

Last business day of Mar, Jun, Sep, Dec

TWZ-W1

0.900

1:1.0000

25-May-11

0.57

0.06

50.4%

0.01

532.7%

9.50

99.8%

25 Nov 2010 and 25 May 2011

UKEM-W1

0.500

1:1.0000

5-Nov-14

0.94

0.49

35.1%

0.41

19.0%

1.92

63.5%

Last business day of Jun, Dec (1st on 30 Dec 2010)

UNIQ-W1

1.000

1:1.0000

7-Jan-12

3.88

2.32

29.4%

2.32

(0.1%)

1.67

na

Last business day of Jan, Apr, Jul, Oct

Last business day of Mar, Jun, Sep, Dec (1st on 31 Mar 2011)

Sources: Companies data, Thanachart

THANACHART SECURITIES

16

1 2553

FOREIGN BOARD & BIG LOT


Foreign Board as of 30-Nov-10
Securities

Volume

Value

Foreign Price

Local Price

% Premium/Discount

(shares)

(Bt)

(Bt)

(Bt)

From Local Price

BBL-F

8,958,827

1,331,937,950

147.00

144.00

2.08

KBANK-F

5,187,305

629,727,396

121.00

119.50

1.26

SCC-F

1,115,514

401,076,856

358.00

332.00

7.83

407,250

311,779,600

756.00

760.00

(0.53)

2,254,500

15,517,250

6.95

6.80

2.21

122,400

11,535,350

94.00

94.00

0.00

35,000

10,710,000

306.00

309.00

(0.97)

TISCO-F

224,900

9,733,475

43.75

43.25

1.16

BAY-F

337,800

7,716,230

22.60

22.50

0.44

SCB-F

66,000

6,600,000

100.00

103.50

(3.38)

TTCL-F

400,000

3,845,000

9.55

9.60

(0.52)

TUF-F

46,400

2,180,800

47.00

53.75

(12.56)

CPALL-F

50,000

1,987,500

39.75

41.00

(3.05)

BANPU-F
LH-F
EGCO-F
PTT-F

QH-F

1,454,100

1,381,395

0.95

2.12

(55.19)

ADVANC-F

11,500

1,081,000

94.00

90.50

3.87

BCP-F

49,300

759,220

15.00

15.40

(2.60)

1,100

301,400

274.00

167.00

64.07

PTTEP-F
DCC-F
TC-F
THIP-F

6,600

153,120

23.20

57.50

(59.65)

25,000

87,500

3.50

3.54

(1.13)

1,000

35,000

35.00

35.75

(2.10)

Source: SET

Big Lot as of 30-Nov-10


Securities

KBANK-F

Volume

Value

Average Price

Last Price

% Price Change

(shares)

(Bt)

(Bt)

(Bt)

From Average Price

1,740,000

211,169,270

121.36

121.00

0.30

KTB

9,130,900

148,364,704

16.25

16.20

0.31

BAY

5,000,000

113,140,000

22.63

22.50

0.58

THAI

1,643,649

90,280,695

54.93

55.00

(0.13)

424,400

62,511,800

147.29

147.00

0.20

7,500,000

50,495,400

6.73

14.70

(54.22)

319,800

33,414,623

104.49

103.50

0.96

BBL-F
LH
SCB
PTTEP

148,000

24,716,000

167.00

167.00

0.00

IVL

300,000

15,850,000

52.83

53.75

(1.71)

BIGC-F

200,000

14,193,750

70.97

71.50

(0.74)

1,000,000

9,100,000

9.10

9.00

1.11

ADVANC

96,000

8,688,000

90.50

90.50

0.00

BBL

36,500

5,310,750

145.50

144.00

1.04

HMPRO

IRPC

1,000,000

4,640,000

4.64

4.62

0.43

BKI

15,000

3,600,000

240.00

240.00

0.00

PTT

9,800

3,048,941

311.12

309.00

0.69

Source: SET

THANACHART SECURITIES

17

1 2553

CALENDAR
DECEMBER 2010
Mon

Tue

Wed

Thu

Fri

Nov 29

Nov 30

New listing: DW
BANP13CC 15.30 m units
(Exercise 100DW:1 @750,
Issue price @2.29)

New listing: DW
KTB13CA 29.50 m units
(Exercise 4DW:1 @17.00,
Issue price @1.02)

New shares trading:


TISCO 2,000 shares
(1 Preferred stock:1 Common
stock)

New listing: mai


ARIP Pcl. (ARIP) 450.4
m shares, Par @0.25
(IPO 138.4 m shares @0.90)

XE:
KK-W4 1:1 @19.53
(final SP)

New shares trading:


TISCO 77,500 shares
(1 share of TISCO:1 share
of TISCO Bank)

New shares trading:


MATCH 2.12 m shares
(ESOP-W2 1:1 @1.00)

XR:
TSF 1:1 @0.40

New shares trading:


NBC 2.26 m shares
(ESOP-W 1:1 @3.33)

Last trade:
BANP13CA

Sector change: NPG


PICNI (from ENERGY)
SUN (from HOME)

Delist:
UFM

XD:
NINE @0.10
TNH @0.40
Last trade:
KK-W4

Events:
THAOT FY2010
TH.
.
29 .
THTFEX

Events:
THBoT Econ, Oct-10
USConsumer Confidence

Events:
Events:
Events:
TH1 TH2 THForeign reserves
USUnemployment Rate
THMOC CPI, Nov-10
EUECB Meeting
THMPC Meeting
USEIA petroluem report
USUnit Labor Costs
USDomestic Vehicle Sales

XR:
IRC @0.50

XD:
CITY @0.08

Holiday

10
Holiday

Events:

Events:

Events:
USEIA petroluem report

Events:
THUTCC CCI, Nov-10
USFED plan to purchase
US$105bn of bonds
UKBOE Meeting

Events:
THForeign reserves
USTrade Balance, Oct-10
USUoM CCI, Dec-10

13

14

15

16

17

Delist:
SVI-W2

Last trade:
CPF08CA

Events:

Events:
USFOMC Meeting

Events:
Events:
TH
USHousing Starts, Nov-10
5 USBuilding Permits, Nov-10

USEIA petroluem report

Events:
THForeign reserves

20

21

22

24

Delist:
DELTA-W2

23

Last trade:
BANP13CB
PS13CA
TCAP13CA

XW:
IVL 9:1 (IVL-T1) @free
Last trade:
IVL13CA
PTT13CC

Events:
THTrade balance, Nov-10

THANACHART SECURITIES

Events:
TH...

TH...

JPBOJ Meeting

Events:
USEIA petroluem report
USGDP 3Q10 (Annualized)
USExisting Home Sales

18

Events:
USPersonal Income
USDurable Goods Orders
USPersonal Spending
USUoM CCI, Dec-10
USNew Home Sales

Events:
THForeign reserves

1 2553

CALENDAR
DECEMBER 2010
Mon
27

Tue
28

Events:

Events:
TH

TT&T

Wed

Thu

29

30

Last trade:
BANP42CA
PTT42CA

XD:
TTL @1.50

Events:
USEIA petroluem report

Events:
THBoT Econ, Nov-10

Fri
31

Holiday

JANUARY 2011
Mon
3

Tue
4

Wed

Thu

Fri

Delisting:
KK-W4
Holiday

XW:
ASCON 2:1 @free

Events:

Events:
THMOC CPI, Dec-10

Events:
USEIA petroluem report

Events:

Events:
THForeign reserves

10

11

12

13

14

Events:

Events:

Events:
THMPC Meeting
USEIA petroluem report

Events:
THUTCC CCI, Dec-10
UKBOE Meeting
EUECB Meeting

Events:
THForeign reserves

17

18

19

20

21

Events:

Events:

Events:
USEIA petroluem report

Events:

Events:
TH
THForeign reserves
TH...

TH...

24

25

26

27

28

Events:
USEIA petroluem report
USFOMC Meeting

Events:

Events:
THForeign reserves

XR:
CGD 1:1.6 @1.00

Last trade:
IVL01CA
IVL01PA
Events:

THANACHART SECURITIES

Events:
JPBOJ Meeting

19

1 2553

Equity research team


+66 2617 4900

, CFA

pimpaka.nic@thanachartsec.co.th

supanna.suw@thanachartsec.co.th

sarachada.sor@thanachartsec.co.th

, ,

phatipak.nav@thanachartsec.co.th

phannarai.von@thanachartsec.co.th

, ,

saksid.pha@thanachartsec.co.th

noppadol.pir@thanachartsec.co.th

pawarisa.ler@thanachart.co.th

lapinee.dib@thanachartsec.co.th

Data support team

+66 2617 4900


monrudee.pet@thanachartsec.co.th

suksawat.lim@thanachartsec.co.th

varathip.run@thanachart.co.th

sunet.rak@thanachartsec.co.th

kasemrat.jit@thanachartsec.co.th

sujintana.sth@thanachartsec.co.th

DISCLAIMERS
Investors should use this report as one of many tools in making their investment decisions since Thanachart Securities may seek to do other business with the
companies mentioned in the report. Thus, investors need to be aware that there could be potential conflicts of interest that could affect the report's neutrality.

()


THANACHART SECURITIES

20

1 2553