Thailand's Siam Cement is affected by oil prices and its outlook is not good.

Siam Cement (Siam Cement PCL), Thailand, will report a 38% drop in third-quarter revenue due to high oil prices, which have affected the petrochemical and cement markets. < BR > Analysts at Reuters forecast a third-quarter net profit of around 7.4 billion baht ( $181,000,000), down 38% from 11.99 billion baht last year and 15% from the second quarter (8.72 billion baht). The earnings of petrochemical products, cement and paper industry have been affected to varying degrees, among which petrochemical products are the most serious, and will continue to show a downward trend in the next quarter. As a result, Siam Cement's share price has been falling since early July. However, due to seasonal factors, the income of cement and construction products will increase. < BR > For the full year, Siam Cement's revenue will decline to 33.4 billion baht (compared to 36.5 billion baht last year). Petrochemicals revenues will decline by 36% in 2006 and by 25% in 2007. However, the earnings of the cement and paper industries will increase, with demand for cement rising by 12% in 2006 and 8% in 2007. (USD 1 = THB 40.95) < BR > & nbsp; < BR > (Please indicate the source for reprinting on China Cement Website)