Bloomberg News

Thailand Stock Movers: Bumrungrad, PTT, PTT Exploration, Padaeng

November 18, 2011

Nov. 18 (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 0.9 percent to 984.16, a second day of declines. The gauge gained 1.4 percent this week, a second straight weekly advance.

Oil companies: PTT Pcl (PTT TB), Thailand’s largest energy company, dropped 1.3 percent to 303 baht, the biggest decrease in a week. PTT Exploration & Production Pcl (PTTEP TB), an oil producer, slipped 2.4 percent to 161.5 baht, the steepest decline since Nov. 1.

Crude oil lost 3.7 percent to 98.82 a barrel in New York yesterday, and last traded at $99.60.

Bumrungrad Hospital Pcl (BH TB), a hospital operator, fell 1.7 percent to 44 baht. The company is planning to raise as much as 7 billion baht ($226 million) from a bond sale, according to a person familiar with the deal. Bangkok Bank Pcl and Siam Commercial Bank Pcl are managing the debt sale, said the person, who declined to be identified as the matter is private. The issue date is expected to be Dec. 20, the person said.

Padaeng Industry Pcl (PDI TB), the nation’s largest zinc producer, lost 1.5 percent to 13.1 baht, the biggest decline since Nov. 7. Zinc futures fell 1.7 percent to $1,927 a metric ton on the London Metal Exchange yesterday, and last traded at $1,926.

--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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