Bloomberg News

Thailand Stocks: Bangkok Bank, PTT Global, President Bakery

October 21, 2011

Oct. 21 (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 rose 0.8 percent to 916.34, the first advance in four days. The gauge fell 4.1 percent this week, the steepest drop in three weeks.

Bangkok Bank Pcl (BBL TB), Thailand’s biggest lender, gained 4.5 percent to 139 baht, the first advance in four days. Net income in the third quarter climbed 22 percent to 7.55 billion baht ($243 million), the company said in a regulatory filing.

PTT Global Chemical Pcl (PTTGC TB), the nation’s largest petrochemical maker, was at 54 baht on its first trading day. The company was formed from the merger of PTT Aromatics & Refining Pcl and PTT Chemical Pcl. PTT Global maintained a revenue target this year at 400 billion baht, boosted by growing demand for olefin products, Chief Executive Officer Veerasak Kositpaisal said today.

President Bakery Pcl (PB TB), the country’s biggest maker of bakery products, declined 2.3 percent to 32 baht, the lowest level since Oct. 10. The company halted some production at its plant in Lat Krabang industrial estate to prepare for possible flooding, it said in regulatory filing.

SVI Pcl (SVI TB), a maker of electronic components, slumped 3.3 percent to 2.92 baht, the lowest close since Nov. 22, 2010. The company yesterday closed its plant in Bangkadi industrial park because of flooding, it said in a statement to the stock exchange.

Sri Trang Agro-Industry Pcl (STA TB), Thailand’s biggest publicly traded rubber producer, gained 3 percent to 17.10 baht. Rubber in Tokyo advanced for the first time in four days as the lowest prices in 14 months lured buyers after oil gained on European steps to contain its debt crisis, raising the appeal of the commodity.

--Editors: Richard Frost, 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: Darren Boey at dboey@bloomberg.net


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