Bloomberg News

Thailand Stocks: Forth Corp., Khon Kaen Sugar, Khonburi, MCOT

November 02, 2011

Nov. 2 (Bloomberg) -- Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of 10:38 a.m. in Bangkok.

The SET Index fell for a second day, declining 0.3 percent to 954.24.

Sugar producers: Khon Kaen Sugar Industry Pcl (KSL TB), a Thai sugar miller, dropped 1.7 percent to 11.40 baht, set for the biggest loss since Oct. 20. Khonburi Sugar Pcl (KBS TB) fell 1 percent to 9.80 baht.

Raw-sugar futures for March delivery slid for a third day yesterday, declining 1.7 percent to 25.34 cents a pound in New York.

Forth Corp. Pcl (FORTH TB), a Thai maker of telecommunications and electronic equipments, slipped 2.4 percent to 3.22 baht, heading for the lowest close since Sept. 22, 2010. The company will shut a plant in Nakornpathom province until Nov. 6 because of flooding.

MCOT Pcl (MCOT TB), a state-owned television and radio broadcaster, declined 2.9 percent to 25.25 baht, bound for the largest decrease since Oct. 18. Shareholders will meet on Nov. 25 to vote for the removal of all directors, the company said in a regulatory filing.

--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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