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New construction projects give Italian-Thai Development a boost.

Bangkok Post (Bangkok, Thailand)

| December 06, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Mark Fein

Dec. 6--Italian-Thai Development Plc (ITD) posted a robust third-quarter performance, and analysts see even better prospects ahead driven by new construction projects and widening margins.

ITD posted a 200 percent rise in earnings for its third quarter (July-September) to 404 million baht from 134.6 million baht in the same period a year ago and an increase of 19 percent over the previous quarter.

DBS Securities has a buy rating on ITD with a target price of 11.40 baht, an upside 18 percent from Friday's close of 9.65 baht. Over the past 52 weeks the shares have traded in a range between 6.45 and 14.50 baht.

The ...

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Source: HighBeam Research, New construction projects give Italian-Thai Development a boost.

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