Aug. 8--TVO JUMPS 12 PERCENT: Shares of Thai Vegetable Oil Plc (TVO), the country's biggest soybean importer, gained the most in almost five years yesterday on speculation that recent declines were overdone and the stock is cheap compared with projected profit.

TVO jumped 12 percent to close on the Stock Exchange of Thailand at 22.30 baht, in trade worth 151 million baht.

"The stock should rebound as it is very cheap after the recent slide," said Pongrat Ratanatavanananda, an analyst at Bualuang Securities (BLS). "The company will have very strong earnings growth this year on rising demand for soybeans."

BLS estimated that the company's profit more than doubled to 594 million baht in the second quarter and has a has "buy" rating on the stock. TVO is currently trading at a low six times forecast profit of 2.19 billion baht for 2008.

The company's 14-day relative strength index, a measure of how rapidly prices have advanced or dropped, fell to 20 on Wednesday, below the 30 level that some investors take as signal to buy.

B6BN CPF ISSUE: Charoen Pokphand Foods Plc will float six billion baht worth of three- and five-year debentures from Aug 11-14.

The three-year issue has a coupon rate of 5.15 percent, with the five-year issue priced at 5.7 percent. Both bonds are rated A+ by Tris Ratings. Subscriptions are available at Bangkok Bank and Kasikornbank branches nationwide. The minimum investment is 100,000 baht.

CPF shares closed yesterday on the Stock Exchange of Thailand at 3.68 baht, up 12 satang, in trade worth 83.45 million baht.

3.99 PERCENT TCRB OFFER: Thai Credit Retail Bank has introduced a five-month fixed deposit account paying annualised interest of 3.99 percent for deposits of 100,000 to 10 million baht. The promotion will run until Sept 8.

UPOIC SHARES JUMP: Shares of United Palm Oil Industry Plc (UPOIC) gained the most in a month yesterday after the company after announced a higher profit and increased its dividend payment.

UPOIC climbed 1.50 baht to close at 77.50 baht, in trade worth 5.5 million baht.

The palm oil planter's net profit rose 44 percent to 191 million baht in the second quarter. It will pay an interim dividend of four baht a share for the first half, double the first-half payment last year.

ROJANA RATED A-: Tris Rating has affirmed the company rating of Rojana Industrial Park Plc at A- with a stable outlook. The rating reflects Rojana's proven record in industrial property development, reliable income from electricity and utilities sales, and strong support from its Japanese partner. The rating also takes into consideration the volatile nature of the industrial property market and the current slowdown of the Thai economy.

The stable outlook reflects the expectation that Rojana will be able to maintain its market position.