Thailand's Siam Cement (SCC): Gloomy year in store.

(From Thai Press Reports)

Section: Stocks - The road ahead is rocky. Based on the current political and economic prospects, it looks unlikely that Siam Cement (SCC) will be able to maintain its healthy earnings going into 2007, after achieving stable operating profit in 2006. Earnings growth projection is revised down from -1% previously to - 7% for 2007, largely pulled down by the worsening outlook for overall domestic construction activity in both the public and private sectors. The concerns over politics and new regulations to the foreign business law are the main factors contributing to an overhang on new investments. In addition, the petrochemical division - …