The assetsbacking this portfolio of liabilities were accounted for as fair value

The assetsbacking this portfolio of liabilities were accounted for as fair value throughprofit or loss and have been replaced with assets accounted for as availablefor sale as per Q2 2009. “Our performance should improve in the second quarter interms of both revenue and profit. We are launching services innew markets which should deliver more revenue,” Chief FinancialOfficer Tanadit Charoanchan told reporters. The company launched a high-speed Internet services via itsbroadband satellite IPSTAR in Malaysia and Japan earlier thisyear, and planned to offer similar services in Indonesia laterthis month, Tanadit said.

Thaicom, which on Wednesday reported a net loss of 220million baht ($6.4 million) for the first quarter, expected tosell 70,000-80,000 user terminals for its broadband satelliteIPSTAR service this year, up from 60,000 last year, he said. IPSTAR’s terminal equipment consists of an indoor modem forconnection to the Internet, voice service and an antenna tosend and receive signals and data to users. The $400 million IPSTAR, launched in August 2005, had beenexpected to drive earnings at Thaicom, but progress inpenetrating markets in China and India had been disappointing,analysts said. Tanadit said the company was confident IPSTAR would breakeven this year as planned, which should help Thaicom make a netprofit for the whole of 2009 after a net loss in 2008.

Thaicom was founded by former Prime Minister ThaksinShinawatra. The dollar edged up from a four-month low hit the previousday as investors had gradually shifted funds away from thesafe-haven U.S currency and into riskier assets. Oil pricespulled further away from a six-month peak reached this week. Analysts said markets were likely seizing on the poor U.S.data to take profits on positions that were made on hopes thatglobal growth was slowly picking up. That optimism drove upAsian shares more than 50 percent at one point from their lowmark in early March. Ratings agency Standard & Poor’s said in a report on Asianeconomies on Thursday that it was too early to say the globaleconomy has bottomed.The MSCI index of Asia-Pacific shares outside Japan.MIAPJ0000PUS dropped 3.3 percent and looked poised for itsbiggest one-day drop in six weeks. retail sales point to a continued slump in theworld’s largest economy,” said Y.S Rhoo, a market analyst atHyundai Securities in Seoul.

Futures on Britain’s FTSE 100 FFIM9 were up 0.5 percentin early trade, while futures on Germany’s DAX FDXM9 werlittle changed “U.S. retail sales underscored the long road toeconomic recovery, prompting investors to take profits onwinning bets in equities, higher-yielding currencies andcommodities over the past two months. The retreat in Asian shares tracked an overnight drop onWall Street after retail sales unexpectedly fell in April,suggesting that consumers were still struggling from joblosses, falling home prices and tighter credit. * Stocks down 3.3 pct, poor US retail sales data dentsrally Stocks  |  Currencies  |  Global Markets  |  China  |  Japan  |  South Korea * Drop in HK futures open interest suggests profit-taking * Dollar index up from 4-mth low, but technical outlookpoor * Eye on Indian election results, coalition building (Repeats to more subscribers) By Eric Burroughs HONG KONG, May 14 (Reuters) -Asian stocks fell onThursday as weak U.S. For latest earnings estimates made by Toyo Keizai, pleasedouble click on 5949.TK1.. May 14 (Reuters) -UNIPRES CORPCONSOLIDATED FINANCIAL HIGHLIGHTS (in billions of yen unless specified) Year endedYear endedYear to Mar 31, 2009Mar 31, 2008Mar 31, 2010 LATESTYEAR-AGOCOMPANY RESULTS RESULTS FORECASTSSales 180.82194.16151.00 (-6.9 pct) (+17.1 pct)(-16.5%) Operating10.52 11.472.70 (-8.3 pct) (+64.4 pct)(-74.3%) Recurring 8.16 10.642.00 (-23.3 pct) (+46.5 pct)(-75.5%) Net 3.635.741.00 (-36.9 pct) (+65.0 pct)(-72.4%) EPS Y91.54 Y145.55Y25.22 Diluted EPSY79.63 Y126.51Annual divY15.00Y15.00 -Q2 div Y7.50 Y6.25 -Q4 div Y7.50 Y8.75 NOTE – Unipres Corp is a major car parts maker.

If there is no Q1 or Q3 dividend, Q2 will in most casescorrespond to the first-half dividend and Q4 to the second-halfdividend announced before a new corporate law in 2006 allowedcompanies to pay and report dividends on a quarterly basis. For latest earnings estimates made by Toyo Keizai, pleasedouble click on 5949.TK1.. May 14 (Reuters) -UNIPRES CORPPARENT-ONLY FINANCIAL HIGHLIGHTS (in billions of yen unless specified) Year endedYear ended Mar 31, 2009Mar 31, 2008 LATESTYEAR-AGO RESULTS RESULTSSales 103.99124.85 (-16.7 pct) (+18.6 pct) Operatingloss 28 mln prft 3.19 (-15.1 pct) Recurring738 mln3.20 (-76.9 pct) (-24.1 pct) Net loss 306 mln prft 1.48 (-24.5 pct) EPS loss Y7.74 prft Y37.48EPSY32.58 Annual divY15.00Y15.00-Q2 div Y7.50 Y6.25-Q4 div Y7.50 Y8.75 NOTE – Unipres Corp is a major car parts maker. Semiconductor makers from Intel Corp (INTC.O) to SamsungElectronics Co Ltd (005930.KS) have cut back on spending, forcingbigger rival Applied Materials Inc (AMAT.O) to forecast aquarterly loss and slash more jobs this year.