Bloomberg News

Thailand Stocks: Bangchak Petroleum, Demco, PTT, Sri Trang

October 27, 2011

Oct. 27 (Bloomberg) -- Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are at the close in Bangkok.

The SET Index rose 2.3 percent to 960.17, the highest close since Oct. 17.

Bangchak Petroleum Pcl (BCP TB), a state-owned refiner, gained 1.8 percent to 17.3 baht. Net income in the third quarter increased 20 percent to 604 million baht ($19.7 million).

Demco Pcl (DEMCO TB), a builder of electricity and telecommunication networks, climbed 3.1 percent to 3.3 baht, the highest close since Oct. 13. The company won a contract worth 780 million baht to build a solar power plant, it said in a regulatory filing.

PTT Pcl (PTT TB), Thailand’s biggest oil company, increased 4.4 percent to 306 baht, the highest level since Sept. 21. Crude oil advanced as much as 2.5 percent in New York after European leaders agreed on measures to tame a sovereign-debt crisis that threatens to slow economic growth and curb commodity demand.

Sri Trang Agro-Industry Pcl (STA TB), the nation’s biggest publicly traded rubber producer, gained 1.6 percent to 19.3 baht. Rubber in Tokyo advanced as the worst floods in half a century in Thailand raised concerns that supplies may decline and after Europe reached an accord on plans to recapitalize the region’s banks.

--Editor: Matthew Oakley

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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