MARKET TALK:Berji Jucker Up On Carrefour Asset Buy Speculation

7th Jul 2010 06:30

0530 GMT [Dow Jones] Shares of Berli Jucker PCL (BJC.TH), a Thai consumer product manufacturer, surges as investors speculate company may join in buying Carrefour's assets in Thailand. "It's just speculation and the company hasn't confirmed it yet. So investors should be cautious," says analyst with Finansia Syrus Securities Somchai Anektaweepon. Big C Supercenter PCL (BIGC.TH) expected to be more likely candidate in buying assets as company engaged in Thailand's retail business, has ample cash. Dow Jones Newswires Tuesday reported Big C Supercenter, Tesco PCL (TSCO.LN) interested in buying Carrefour's assets in Thailand. Person familiar with matter told Dow Jones Newswires French-based Carrefour in early stages of selling shops in Singapore, Thailand, Malaysia. Berli Jucker could not be reached for comment as of publishing. Berli Jucker's shares +16.3% at THB15.70, though off day's high at THB17.50. ([email protected]) Contact us in Singapore. 65 64154 140; [email protected] (END) Dow Jones Newswires July 07, 2010 01:30 ET (05:30 GMT)