Bloomberg News

Thailand Stocks: Aapico, KCE Electronics, Thai Air, Thai Rubber

October 13, 2011

Oct. 13 (Bloomberg) -- Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the close in Bangkok.

The SET Index fell 1.7 percent to 936.82.

Aapico Hitech Pcl (AH TB), an auto-parts maker, fell 5 percent to 8.65 baht, the lowest level since June 8, 2010. The company said flooding in Ayutthaya province forced it to close a plant.

KCE Electronics Pcl (KCE TB), a producer of electronics parts, slid 12 percent to 3.84 baht, extending yesterday’s 9.6 percent slide. A plant in Ayutthaya has been ordered by the government to remain closed for safety reasons because of flooding, KCE said in a regulatory filing today.

Thai Airways International Pcl (THAI TB), the national carrier, fell 5.2 percent to 20.2 baht, the biggest drop in more than a week. The company said it may fill about 70 percent of its seats in the fourth quarter this year, compared with 74 percent a year earlier, because of Europe’s debt crisis and increased competition. High oil prices will also erode revenue in the last quarter, Executive Vice President Pandit Chanapai said.

Thai Rubber Latex Corp. (Thailand) Pcl (TRUBB TB), a rubber producer, increased 1.9 percent to 3.18 baht. Rubber in Tokyo climbed for a third day on concern that floods in Thailand, the largest producer, may disrupt supply of the commodity used in tires and gloves.

--Editors: Shiyin Chen, Tony Jordan

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net

To contact the editor responsible for this story: Shiyin Chen at schen37@bloomberg.net


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