Thailand Financial News

The Stock Exchange of Thailand (SET) cordially invites you to attend presentation sessions of listed companies about their operational performance in Q3/2007. The sessions will be from November 5 - December 7.

Please find below the presentation schedule during Nov.
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3 MOBILE… SAN FRANCISCO: Novarra, the leading provider of next-generation mobile internet platforms and services, today announces that 3 Austria has launched its innovative high speed mobile internet service, ‘MoreWWW’ powered by Novarra’s Vision platform.
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Fitch Ratings has downgraded Bank of Fukuoka’s (Fukuoka) Long-term Issuer Default Rating (IDR) to ‘BBB’ from ‘BBB+’ and Individual rating to ‘C/D’ from ‘C’, following Fukuoka Financial Group’s (FFG) consolidation of Shinwa Bank in October 2007. Fukuoka’s Short-term IDR, Support rating and Support Rating Floor have been affirmed at ‘F2′, ‘2′ and ‘BBB-’ (BBB minus), respectively.
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HSBC and the Dubai International Financial Exchange (DIFX) have launched a family of indices which track price movements of conventional Middle Eastern bonds and international Sukuk (Islamic bonds). The indices are grouped into three major categories: International Sukuk, Middle Eastern Conventional Bonds and Middle Eastern Aggregate, which include over 100 issues from the region, with data going back to 31st December 2004.
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Moody’s Investors Service has affirmed Bank SinoPac’s bank financial strength rating (BSFR) of D+ and foreign currency deposit ratings of Baa1/P-2. At the same time, Moody’s has affirmed SinoPac Holdings’ ratings of Baa2. The outlook on all ratings is stable.

This action follows Bank SinoPac’s announcement that it would book a US$43 million loss in 3Q07 due to mark-to-market losses on its US$350 million exposure to structured investment vehicles (SIVs).
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Mizuho Corporate Bank, Ltd. and Mizuho Corporate Bank (China), Ltd., a wholly owned subsidiary of MHCB, concluded a Memorandum of Understanding for business collaboration with China CITIC Bank Corporation Limited. The objective of the MOU is to strengthen cooperation in areas of business related to China and Japan, such as trade finance and syndicated loans, while actively utilizing the corporate customer base and business know-how of each of the respective parties.

As a “cornerstone investor”, MHCB acquired HK$400.0 million (approximately JPY6.0 billion) of China CITIC Bank’s Class H common shares issued on the Stock Exchange of Hong Kong Limited when China CITIC Bank was listed simultaneously on the Stock Exchange of Hong Kong Limited and the Shanghai Stock Exchange in April of this year.
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Citi has announced the appointment of Usman Ahmed as Chief Executive Officer for Citi Islamic Investment Bank (CIIB) & Global Islamic Banking. Prior to this appointment, Usman was deputy CEO for Citi’s Global Islamic Banking business since 2006, and has held various product and geographic coverage positions at Citi in London, Bahrain and Pakistan since joining the bank in 1996.

Citi’s Global Islamic Banking operations were established in 1981 in London, and in 1996 Citi became the first international financial institution to set up a separately capitalized Islamic Bank – the Citi Islamic Investment Bank.
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TRIS Rating Co., Ltd. has affirmed the company and issue ratings of Thai Union Frozen Products PLC (TUF) at “A+” with “stable” outlook. The ratings reflect the company’s strong market position as one of the world’s leading tuna processors, its solid valuable “Chicken of the Sea” canned tuna brand, and the management team’s proven track record in the seafood export business.
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Sunsilk by Unilever Thai Trading Ltd. introduced new Sunsilk Anti-dandruff limited edition, which provides soft and beautiful dandruff-free hair. The new anti-dandruff product range is an ideal blend of ZPTO (Zinc Pyrithione) and Citrus cream complex that gives ultimate, second-to-none efficacy in solving dandruff problems and returning moisture to hair.
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S&P Trends Analysis, STARS Changes, Model Portfolios, Market Commentary, “Street Talk” and More Available on One Easy-to-Use Platform

Standard & Poor’s Equity Research Services, the world’s leading provider of independent investment research, today announced the introduction of a new market intelligence tool that serves the financial advisory market’s burgeoning need for a central source of real-time qualitative stock analysis, thematic research, strategic asset allocation, and market commentary.
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