You are on page 1of 7

Afternoon Note

26 )

2554

1000 + /-

Local Institution Strategist Team


Mayuree Chowvikran, CISA
Analyst
662-6586300 x 1440
Padon Vannarat
Equity Analyst
662-6586300 x 1450
Chaiyachoke Suwisuttangkul
Economist
662-6586300 x 1540

AFTERNOON STRATEGY

Hold Cash

Strategist Note:


 TIP 
 
  883.23    74.93   " -7.83% %&'( *"+
, 2.48 %"    --. / .-  3 0(-  , , -  (0 1"0 - &
(   2
341'( &- 1"  -%"-564'7 ' 8 9  3(:8 TIP '"
. outperform 1"  -+( F :(
% & ,   (
( G0  3H -4.2% 20 9 * -4.1%   - MSCI Asia Pacific  -1.6%  *"+, 3&3 5
- -
( PTT, BANPU, SCC, BBL 2 PTTCH

( .- +'.(2 -Z (/ .-  3  . - 880  -
%(3%   - ,  -  (0 23-
4 8  2 \

  -+ 9 '.(2 -Z 8 ( .- + 0/ 30- 
% 1 %] -'.%3  (
 0 Force Sell ,-6% H0+ %%

Analyst

  
: KimEng  2 d8 !"!# 
$%
&' ! "(!)*+
$, 2  ,*"+ed
1".-:
Technical Rebound 1 2 Downside Risk -'.%.( Gmn -.(.3-+

662-6586300 x 1401

MORNING WRAP

Chatchai Jindarat

Twitter channel
http://twitter.com/YipNgenYipTong

REGIONAL MOVEMENT
NIKKEI

SET TFEX MOVEMENT

8,374.13

-2.17%

SET

883.23

-7.82%

17,024.70

-3.65%

SET50

614.23

-7.91%

STRAITS TIMES

2,629.26

-2.58%

S50U11

607.30

-56.00

KOSPI

1,652.71

-2.64%

S50U11C670

2.00

-10.00

SHANGHAI COMPOSITE

2,395.44

-1.55%

S50U11P670

60.00

+46.00

PHILIPPINE SE

3,721.22

-4.24%

PTTU11

264.00

-27.00

3,230.64

-5.71%

PTTEPU11

138.50

-14.20

667.14

-3.13%

BANPUU11

10,557.00

-1.31%

GFV11

HSKI

JAKARTA COMPOSITE
MSCI ASIA PACIFIC
DJIA Futures

CORE SECTOR MOVEMENT


ENERG

520.00

-86.00

23,750.00

-1,900.00

TOP 5 MOST ACTIVE

16,654.48

-8.84%

PTT

264.00

-8.97%

BANK

339.57

-6.81%

BANPU

524.00

-10.58%

PROP

129.33

-9.35%

SCC

265.00

-6.69%

ICT

104.50

-6.36%

BBL

136.00

-6.53%

76.15

-9.21%

PTTCH

91.25

-8.75%

77.87

-2.48%

THB / US$

31.16

0.22

1,559.10

-4.92%

Yen / US$

76.31

-0.23

742.02

-3.50%

US$ / Euro

1.3377

-0.0120

1,233.00
@ 1.00 pm

-1.99%

TRANS

COMMODITY MOVEMENT
WTI Futures
GOLD Futures
Bloomberg AP Coal Index
Soybean Futures Price
Source: Bloomberg

This report is for local institutional clients only

CURRENCY MOVEMENT

http://twitter.com/YipNgenYipTong

Thailand Equity Research

26  2554

Thailand Equity Research

NEWS SUMMARY


.%<
<)*=>
!$(?@@$$&A": (.'  o %   0%/  3  
GGp  .
(Straddle Monorail) /  3  
GGp, 3(%. , 86( (Heavy Rail)  " 8'%'(  
2  -:&9 3 210%,+ 8  ' *  &(3  3(:8.0  (3 10%,+  2%u 2
%" .
>(%
< B&
* %C%+,?&'+, B'
!(A% !DE
&F$+
 G:  "
-' &'.%- , .  
,564 8 (% 2 \ 9 - (  + - 2. .(
%('0
.( *2:0 -d 2 + 22 - &(8 2 &(
  
,56 (.%-

ASIAN WRAP

REGIONAL MOVEMENT

TAIWAN TAIEX

-2.40%

STAITS TIMES

-2.58%

KOSPI

-2.64%

MSCI ASIA PACIFIC

S7 ' 
HANGHAI K,)*#'K$ ,
!*% 14 ,!
: -:&.(
2.(0 Gp - / 56-8  -  ( %

-3.13%
-3.65%

HSKI
PHILIPPINE SE

-4.24%

NIKKEI
SET

IKKEI )* #)% K ,)* #'K$ ,


!* 2 L : '.%-.
( " .-.0v0 +37 u28 9  -  2% G-20 (.3
3-H -
%(3%  8  56 +37 u2-(.
d8  -  - Z 
 ( Sony -3.7% ,u2  0 x- Trading
30 '94'4-uyH ( Mitsubishi Corp -7.8% 2 Mitsui & Co. -5.8%
- '  --. ( "'" .- \ H :( %

-1.55%

SHANGHAI COMPOSITE

-, ,u2  3-{  --.


( Poly Real Estate 2.2%, China Vanke -0.7% 2 Gemdale -1.3% - 31. China
Business   .(  - Z    0 8 , Chongqing   %8
%  4x3-{ - '1

-5.71%
-7.82%

ASIA PACIFIC VS THAILAND SECTORAL MOVEMENT


TELECOM

-6.02%

FOOD

-6.07%
-6.75%

BANK

-7.16%

BUILDING MTRLS
-8.73%

ENERGY

-1.19%
-4.05%
-3.30%
-3.46%

-8.75%

CONSTRUCTION
REAL ESTATE

-8.86%

SHIPPING

-8.95%
-9.11%

TRANS

-2.24%
-3.02%
-3.59%
-2.77%

-9.19%

FARMING & FISHING

-3.82%
-3.62%

-9.68%

CHEMICAL
COAL

-1.95%

-10.50%

Asia Pac

ANG SENG )*#)% =#!


'!: d 2-d38 .( 2
F d9  0- 
8 9 2 30 '94'4-uyH  ( Esprit 5.6%, Standard Chartered -2.5%, 2 Jiangxi Copper -9.7% -
  2% G-20 -
%(
 .  56 +37 u28 9  
-

-2.52%

Thailand

Time Update: Sep 26 @ 13.00 Source: Bloomberg

2
www.kimeng.co.th http://twitter.com/YipNgenYipTong

Thailand Equity Research

26  2554

Components of Stocks in Sectoral Movement


SECTORS
ENERGY
BANK
COAL
FARMING&FISHING
FOOD

STOCKS
PTT, PTTEP, TOP, PTTAR, ESSO, BCP, SGP, SUSCO, GLOW, EGCO, ROJNA, SCG
BBL, SCB, KBANK, BAY, KTB, SCIB, TMB, CIMBT, TCAP, TISCO, KK
BANPU, LANNA
CPF, LEE, CPI, TLUXE, STA
CPALL, PM, ASIAN, TUF, KSL, TF, TVO, PB, UVAN, SAUCE, GFPT, EE, PRG, LST, PRG, SSF,
TIPCO, UPOIC, CM, SFP, CFRESH, TWFP, CHOTI, PPC, TC, APURE, SORKON
SHIPPING
TTA, PSL, RCL, JUTHA
TRANS SERVICE
AOT, BECL, BAFS, UST, BTS, THAI
REAL ESTATE
PS, CPN, QH, MBK, SPALI, LPN, BLAND, AMATA, HEMRAJ, SIRI, TICON, SC, SF, NCH, PF, A,
MK, GOLD, MJD, NOBLE, ESTAR, NNCL, SENA, RAIMON, SAMCO, KC, METRO, BROCK,
MDX, KTP, TFD, PRECHA, CI, KMC, THANA, RASA, LL, EVER, WIN
CONSTRUCTION
STEC, ITD, CK, UNIQ, TTCL, ASCON, SYNTEC, PLE, SEAFCO, NWR, CNT, TPOLY, TRC, PREB,
FOCUS, PAE, TIES
BUILDING MATERIALS TASCO, SCC, SCCC, TPIPL, DCC, VNG, DRT, GLOBAL, TGCI, QCON, CEN, UMI, DCON, CCP,
KWH, RCI, GEN, SUPER, TWP, SCP, SINGHA
CHEMICAL
PTTCH, IRPC, IVL, RPC, WG, TRUBB, YCI
TELECOM
ADVANC, DTAC, TRUE, THCOM, SAMTEL, JAS, BLISS

3
www.kimeng.co.th http://twitter.com/YipNgenYipTong

Source: Bloomberg

www.kimeng.co.th http://twitter.com/YipNgenYipTong

78.75

13:18:00

12:57:00

12:36:00

12:15:00

11:54:00

11:33:00

79.00

11:12:00

1,640

10:51:00

79.75
11:12:00

10:51:00

10:30:00

10:09:00

9:48:00

9:27:00

9:06:00

8:45:00

8:24:00

12:51:00

12:38:00

12:25:00

12:12:00

11:59:00

11:46:00

11:33:00

11:20:00

11:07:00

10:54:00

10:41:00

10:28:00

10:15:00

10:02:00

9:49:00

9:36:00

9:23:00

9:10:00

8:57:00

8:44:00

8:31:00

8:18:00

13:35:00

13:25:00

13:15:00

13:05:00

12:55:00

12:45:00

12:35:00

11:00:00

10:50:00

10:40:00

10:30:00

10:20:00

10:10:00

10:00:00

9:50:00

9:40:00

9:30:00

9:20:00

9:10:00

9:00:00

8:50:00

8:40:00

8:30:00

8:20:00

12:58:00

NIKKEI

10:30:00

1,660

80.25

10:09:00

80.50
8:05:00

Shanghai Composite

9:48:00

80.75

9:27:00

NYMEX Crude Futures

9:06:00

Source: Bloomberg

8:45:00

950
948
946
944
942
940
938
936
934
932
930
928
926
924
922
920
918
916
914
912
910
908
906
904
902
900
898
896
894
892
890
888
886
884
882
880
878
876

8:03:00

SET Index

8:24:00

Source: Bloomberg

8:03:00

2,390
7:52:00

2,410

7:39:00

2,430

7:42:00

2,440

7:42:00

2,450

7:26:00

Source: Bloomberg
12:48:00

12:38:00

12:28:00

12:18:00

12:08:00

11:58:00

11:48:00

11:38:00

11:28:00

11:18:00

11:08:00

10:58:00

10:48:00

10:38:00

9:00:00

8:50:00

8:40:00

8:30:00

8:20:00

8:10:00

8:00:00

7:50:00

7:40:00

7:30:00

7:20:00

7:10:00

7:00:00

8,350

7:13:00

7:00:00

13:34:00

13:25:00

13:16:00

13:07:00

12:58:00

12:49:00

12:40:00

12:31:00

12:22:00

12:13:00

12:04:00

10:26:00

10:17:00

10:08:00

9:59:00

9:50:00

9:41:00

9:32:00

9:23:00

9:14:00

9:05:00

8:56:00

8:47:00

8:38:00

8,430

7:21:00

7:00:00

12:30:00

12:19:00

12:08:00

11:57:00

11:46:00

11:35:00

11:24:00

11:13:00

11:02:00

10:51:00

10:40:00

10:29:00

10:18:00

8:25:00

8,510

7:21:00

80.00

(US$/ounce)

9:56:00
10:07:00

8,590

7:00:00

12:17:00

11:56:00

11:35:00

11:14:00

10:53:00

10:32:00

10:09:00

9:48:00

9:27:00

9:06:00

8:45:00

8:24:00

8:03:00

7:42:00

7:21:00

7:00:00

(US$/barrel)

Thailand Equity Research

26  2554

Intra-day Movements of Asian Stock Markets & Commodities


HSKI

17,800

8,550
17,700

17,600

8,470
17,500

17,400

17,300

8,390
17,200

17,100

17,000

16,900

Source: Bloomberg
KOSPI Index

1,730

1,720

1,710

2,420
1,700

1,690

1,680

1,670

2,400
1,660

1,650

1,640

Source: Bloomberg
MSCI Asia Pacific 50 Index

693

691

689

687

685

683

681

679

677

675

Source: Bloomberg

1,680

COMEX Gold Futures

1,620

79.50

1,600

79.25

1,580

1,560

1,540

Source: Bloomberg

26  2554

Thailand Equity Research

Disclaimer
*<%%+<n*)*
&F B),Ko
F G,&   
p #(qr%+B) $K)*
) 


 (KELIVE RESEARCH) )F
&F %+<

n*)*
&F
<%C
!
)  &'?,(
+
# )%+A !)
!*,(% DBB)"F
u
v <'!!,(
<
+< - DBB)=%, (!&'
+,o
F w w
)F
x yo'!B&<%C
&'),=()**%+<,(
DBB)"F
u
=#,(%'!
?,(

%  (<%C


#! 
!*<%n*)*
&F
"&$)F
1-2 ,!
yo'!B&
<%C
&'),=()**%+<,(
DBB)"
F u
&'+
 

p"% 12
,!
(
( ,)
)
F Bo
'!$K<)E&
' ) 
#(!!
= K<%( Bo,C

K$
!
*%+<
A+  n*)*
&F

!B
&F qr%+B) ))" ! *B.  ))" +!C (?) & 2 & <! qr%+B)
$K)*
) 

 (KELIVE Research) = qr%+B)
) 
$*)
# (Kim Eng
Research) !)
&# > B ){w&'=##
,(
){w>( 
%)# $< =    K
(<K=

K = /! <!B&<%=##)
G, KELIVE Research &%)# $<&'
BK*%+<"'!$
)*$

(!  
=
) 

 (
$, !&,?,(
B
w&' KimEng Research $K)*
) 
$*)
# (
$, !&,?,(
B www.kimengresearch.com.sg) ,)
)
F Bo
'!$K<)E&
' ) 
#(!!
= K<%( B
o,C

K$
!*%+<
A+  n*)*
&F
!$n*)*
&F B),Ko
F B= (! &' *B.  ))" +!C (?) C
%
A'!!
!*)*)
$%
#)%!>(B),K yo'+?,(o<%#(!!$*w!(! ,) % =#
! , = !$
&F?,(B),Ko
F "'!GA

 A(
(! !*#),$+
B
 


)
F +?,(&%)# $<"'!&'BA)A%
!A&F
KyF! ))" ,G,n" !

)'%?=#! ,
) 
"o A((!
!$n*)*
&F !*(! = <%C
!
' x %o
%+BwEw!#

#),$+
B 
($
=# w&
)F
&F<%C
&=' $,!

!$n*)*
&F
<%C
$%
#)%!>(B),K *B.  ))" +!C (?) # !,B

>(*+= "
)
!*+{)?BK
#(!C
"(!)*<%C
&'=$,!
!$n*)*
&,F (%=#
! ,

5
www.kimeng.co.th http://twitter.com/YipNgenYipTong

26  2554

Thailand Equity Research

THAI INSTITUTE OF DIRECTORS ASSOCIATION (IOD) CORPORATE GOVERNANCE REPORT RATING 2010

ADVANC

BMCL

ICC

NCH

RS

SIS

Score Range

Number of Logo

Description

AMATA

CPF

IFEC

NKI

SAMART

SITHAI

90-100

AOT

CPN

IRPC

NMG

SAMTEL

SNC

80-89

ASIMAR

CSL

KBANK

NOBLE

SAT

SSI

70-79

Good

BAFS

DRT

KEST

PSL

SC

SVI

60-69

Satisfactory

BANPU

EGCO

KK

PTT

SCB

TCAP

50-59

BAY

ERAWAN

KSL

PTTAR

SCC

THCOM

Lower than 50

BCP

FORTH

KTB

PTTCH

SCIB

TIP

TNITY

BECL

GBX

L&E

PTTEP

SCSMG

TIPCO

TOG

BKI

GC

LPN

RATCH

SE-ED

TISCO

TOP

BLS

HEMRAJ

MCOT

ROBINS

SIM

TMB

TTA

ACAP

BROOK

DTC

KDH

NSI

PYLON

SKR

TEAM

TSC

AEONTS

BTNC

EASTW

KGI

OCC

QH

SMIT

TF

TSTE

AHC

BWG

EIC

KTC

OGC

RASA

SMK

TFD

TSTH

AJ

CCET

ESSO

KYE

OISHI

RCI

SPALI

THAI

TTI

AKR

CENTEL

FE

LANNA

PAP

RCL

SPC

THRE

TTW

AP

CFRESH

GENCO

LH

PB

RICH

SPI

TIC

TUF

AS

CGS

GFPT

LOXLEY

PDI

ROJNA

SSEC

TICON

TVO

ASK

CHUO

GL

LST

PG

RPC

SSF

TIW

TWEP

ASP

CIMBT

GLOW

MACO

PHATRA

S&J

SSSC

TK

TYM

AYUD

CITY

GOLD

MAJOR

PL

S&P

STANLY

TKT

UMI

BBL

CK

GRAMMY

MAKRO

PM

SALEE

STEC

TLUXE

UMS

BEC

CM

HANA

MATCH

POST

SAMCO

STEEL

TMT

UP

BFIT

CNS

HMPRO

MATI

PPM

SCCC

SUC

TNL

UPOIC

BGH

CPALL

IAM

MBK

PR

SCG

SUSCO

TOPP

UV

BH

CSC

INET

MFC

PRANDA

SEAFCO

SVOA

TPC

VNT

BIGC

CSR

IRC

MFEC

PREB

SHIN

SWC

TPCORP

WACOAL

BJC

DCC

IRCP

MINT

PRIN

SICCO

SYNTEC

TRC

WAVE

BNC

DELTA

ITD

MK

PS

SIMAT

TASCO

TRT

YUASA

BOL

DM

KASET

MSC

PT

SINGER

TBSP

TRU

ZMICO

BROCK

DTAC

KCE

MTI

PTL

SIRI

TCP

TRUE

CI

ETG

KC

MJD

Q-CON

STA

TNH

UST

AFC

CMO

F&D

KCAR

MLINK

RAIMON

STAR

TNPC

UT

AH

CMR

FANCY

KH

MPIC

ROCK

SVH

TONHUA

UTP

AI

CNT

FNS

KKC

NC

SAM

SYNEX

TPA

UVAN

AIT

CPI

FOCUS

KMC

NEP

SAUCE

TAPAC

TPAC

VARO

ALUCON

CRL

FSS

KWC

NEW

SCNYL

TC

TPP

VIBHA

AMC

CRANE

GFM

KWH

NNCL

SCP

TCB

TR

VNG

APRINT

CSP

GLAND

LALIN

NTV

SF

TCC

TSF

WG

ASCON

CTW

GYT

LEE

NWR

SFP

TCJ

TWZ

WIN

BAT-3K

CWT

HFT

LHK

OHTL

SHANG

TFI

TYCN

WORK

BGT

DEMCO

HTC

LRH

PAF

SIAM

TGCI

UBIS

BLAND

DIMET

ILINK

MBAX

PATO

SMM

THANI

UEC

BSBM

DRACO

IT

M-CHAI

PERM

SPACK

THIP

UKEM

BSM

EASON

JCT

MCS

PICO

SPG

TKS

UNIQ

BTS

ECL

JTS

MDX

PRECHA

SPPT

TMD

UPF

CHARAN

ESTAR

JUTHA

METRO

PRG

SST

TNDT

US

Excellent
Very Good

Pass
No logo given

N/A

Source: IOD

<KA&F=B
 : : 3d .,3%'%3(3 0%3- %  0x-
(IOD) 8  " d-&0 (Corporate Governance) + / 
d 0  % 9  ,3d - 'u2 % d-- -1 H2- -1 H 9  3d ., IOD /  3d .2 2%0 ,%& ,
 0x-  2 8 - -1 H( 2 \
2- -1 H e%
 % : (37 u2 2/ ,%& :&  -.
3% ,

 - -+ :3d .-(./  d3 8 %%%,''4  9


%(
/   2%0  0-0 2%0
% 8,%&4 8 8 
 2%0
  : 3d .-(. / : 3d . u .-  8    d-&0  0x-  2
 ( -+ - -+ : 3d .
 
4 -.- -(. -+ +  0x- - -1 H0%e ( 2 \
) d- (% ) %0
 " -  " - '.%&, : 3d .
-(.( (8

6
www.kimeng.co.th http://twitter.com/YipNgenYipTong

26  2554

Thailand Equity Research




   

  
    20-21
 999/9  ! 1 
"#!
$"#! #
% 10330
& 0-2658-6300 & 0-2658-6301


125  & '!.  3 (#


-/0 !' $  #
% 10200
& 0-2225-0242 & 0-2225-0523
!
"#
622  !&'!  14
##!  

$ $
$'
#
% 10110
& 0-2664-9800 & 0-2664-9811
#+
215  1.  4
' 
!3

$!3
 #
% 10100
& 0-2622-9412 & 0-2622-9383
*)-%
 3105 ! .
3  , 

2
$-
" #
 10240
 .02-378-1144  . 02-378-1323
-)(1 2 
#  $!  5  831
-# 
+1 $
#
!( 10400
& 0-2657-0830 & 0-2657-0831


159  !! $  25
'##!  21 & 

$'()
$* #
% 10110
& 0-2665-7000 & 0-2665-7050


56 +   5 (,
3/1
! 
# '
 $-

#
% 10500
& 0-2632-8341 & 0-2632-8395

 
904   G (,
1005
  
(
- $" 
#
% 10260
& 0-2320-3600 & 0-2320-3610

  
1145 (!/ 5 1   3
  $-&
()
0!)
!#"
2
( !#"10270
& 0-2758-7003 & 0-2758-7248
$%&
 (
94 (!/.. 2 /', 2  
 $ (,
091
 G F .(&'3  $." 3 "$4 ' .3+-#
2."#!3 12130
& 0-2958-0591 & 0-2958-0590
, #)
52 3 ' . 10,11   20 !

# '
 $-
 #
% 10500
& 0-2231-2700 & 0-2231-2349


30/39-50 
  !
!

 14 
!
 $--

0!)
-# 2
( -# 11000
& 0-2550-0577 & 0-2550-0566



1693 
/',
.  ,  11 (,
905/1
(&'3  
 , $2$#2
#
% 10900
& 0-2541-1411 & 0-2541-1108
*
275 (!/. 1   !-
  8 5!

-
() $-
 #
% 10160
& 0-2804-4235 & 0-2804-4251

$+" 0 
5/5-6 /', 1 
 BF (!/. 7 ! 

' $'
#
% 10230
& 0-2947-5800-5 & 0-2519-5040
 
(,
 3, 3.1  5 ! . 
496-502  2 $ 
#!  $"#!
#
% 10330
& 0-2256-9373 & 0-2256-9374

 ##3(( *


 1 '
7 - (3# 2 !( ''5$$
50 
!
 
 '
$2$#2 #
 10900
& 02-579-9880 & 02-579-9840
 -
48/11-12 !$ $--$#9' 0!)
"

2
( "
52100
& (054) 319-211 & (054) 319-216

 ##,&*45(#
 10  1  110/1-4 " )

#.

(,
$( #
!( 10210
& 02-580- 3673
& 02-580- 3643

*+, 
191,193 #" $-8!)
0!)

2
( #-3 34000
& (045) 265-631-8 & (045) 265-639

+*
57/1-2 0$
$--
",' 0!)
-#
2
( -# 20000
& (038) 792-479 & (038) 792-493
 
74/27-28 .-
2 
4  ! 2 $.!.

.!)
2.!#
! 75000
& (034) 724-062-7 & (034)-724-068

 
322/91 '
$-!(' 0!)
!#
2
( !# 74000
& (034) 837-410 & (034) 837-610
91!(
22/39-40  .
(
. =
$-$ 8(+.
0!)
0/$ 2
( 0/$ 83000
& (076) 355-730-6 & (076) 355-737

 + 1
14 ! $-8!)
0!)

2
( ! 30000
& (044) 269-400 & (044) 269-410

-) 
44/4  # -#
5<
$-+"  0+" 
2
(  , 27120
& (037) 226-347-8 & (037) 226-346

 
)
99 
  ! .  13
 0 5-. 
-#& $3-#
#
% 10600
& 0-2876-6500 & 0-2876-6531
-%. 
7/129 "6 ,  3 (,
302
-! 
#7! 
$-
,' #
% 10700
& 0-2884-9847 & 0-2884-6920

62 3 '  4 !

# '
 $-
 #
% 10500
& 0-2231-2700& 0-2231-2418
$&1  
 5 2/ 8$, 
 0 5 


$ 
#
% 10400
& 0-2641-0977 & 0-2641-0966
(&
+# 1
244 
  2-3
' $-('' 0!)
'
8(!.
2
( '
8(!. 50100
& (053) 284-000 & (053) 284-019
 + 2

 7   !! :
(,
3A 1242/2 ! $0 $-8!)

0!)
2
( ! 30000
& (044) 288-455 & (044) 288-466
)#
180/1-2 !3  2
##!  $-
 
0!)
 '
2
(  '
21000
& (038) 862-022-9 & (038) 862-043

1,3,5 '2#$ #  3 2#$ #7
$-( 8(+. 0( 8(+.
2
( 
 90110
& (074) 346-400 & (074) 239-509
#)
18 
 ,
$- $

0!)
2
( '  95000
& (073) 255-493-7 & (073) 255-498

, 
100/46 3   24C
() 
! $-

#
% 10500
& 0-2636-7550-6 & 0-2636-7565
  
45/1 '/'2 '- ! 9  ! 9

-
" $(,'
#
% 10320
& 0-2203-1800 & 0-2203-1809
#10 (! ! (
3 23  '/1$ $  17
! $-

#
 10500
& 0-2680-4340 & 0-2 680-4355
+# 2
201/3 !(  $-(''
0!)
'
8(!. 2
( '
8(!. 50100
& (053) 284-138 & (053) 284-138
 
137/5-6   ; $-8!)

0!)
2
( #  32000
& (044) 531-600-3 & (044) 519-378
& *
203  2 3(
1'

$-$ 0!)
2-#
2
( 2-# 22000
& (039) 346-626-30 & (039) 346-631
38, 
216/3 (!/. 4 5!
$-! !$' 0!)
#5<3
2
( #5<3 84000
& (077) 205-460 & (077) 205-475

'd+ :  .0- - -1 H, %. - -1 H 0%e ( 2 \


) % 2 % '"  .0- 3d - -  8  2 \ (KELIVE Research) 2  .0- -  3- ( 2 \ (Kim Eng Research) - %:%-xu2 
(8  -xu2:&  .- 23'H 2   7H d8'd 2 d 2/ " 'p% %'.%(- 9 KELIVE Research %.- 23'H  2 d .0' 2H1"3 -3  ,%&   ( -  8  2 \ (
( 3% &  2 
 http://kelive.kimeng.co.th)8 ,u2  Kim Eng Research 3d - -  3- ( 2 \ ( ( 3% &  2 
 www.kimengresearch.com.sg). - -+ /  "3d'-6  -  
2( 2 d'.%,8 3%%0Z 2 1"+ Z ,'d 2 d ,(2 .0 3 - + - d, + (,%&  %. - -1 H 0%e ( 2 \
) e .( ("" 2- -\ 23(. -.,:&- d *%0
% '.%& "3%& uH,,%&-(.( (8 23 +
- d,+ 1"
 29  H8  8/ ,%& 2 -30 88     ( - + %0
%.- 23'H1"  2-.  "+ d *"+, - -1 H89 12 "/  -.
( (8 -  18,%&8 3 + 2-,%&2
'.%e " ] 2.0 u6u, 8  -30 8   8%23%( u -+ '+ .%e 3 &8( 3 +/ '.%e 3(. -.,:&- d %. - -1 H 0%e ( 2 \
)  :& 0 21 - , 0x-
%(
d/ e 1-'.%e 3 &(8 3 + . ( (8

7
www.kimeng.co.th http://twitter.com/YipNgenYipTong

You might also like