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HOT STOCKS: Stock: PTT Exploration & Production Plc (PTTEP), NATION.

The America's Intelligence Wire

| October 20, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Worldsources (English))

URL: http://www.nationmultimedia.com/

Recommendation: Buy

Securities house: KGI Securities (Thailand)

PTTEP is expected to report strong earnings of Bt3.95 billion in the third quarter, flat on year but up 20 per cent on quarter due to higher product prices. Sales volume in the third quarter should be around 134,000 barrels per day, a slight increase on quarter, while the average selling price is expected to increase 5 per cent on quarter to US$24 (Bt995) per barrel.

There are three potential bidders for its 34.4-per-cent indirect holding in Medco Energi, and the acquisition value ranks between US$245 …

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