Bloomberg News

Thailand Equity Movers: Bangkok Bank, Thai Optical Group

November 24, 2011

Nov. 24 (Bloomberg) -- Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of 10:46 a.m. in Bangkok.

The SET Index rose 0.2 percent to 978.37.

Bangkok Bank Pcl (BBL TB), Thailand’s biggest lender, gained 1.1 percent to 141 baht. The bank expects lending to grow 6 percent to 8 percent next year in line with economic growth, Chairman Kosit Panpiemras said yesterday.

Thai Optical Group Pcl (TOG TB), the largest publicly traded maker of optical glasses, climbed 2.2 percent to 2.86 baht, a third day of advances. The company expects sales to rebound to 1.5 billion baht ($48 million) in 2012 on new products and plant expansion after a decline this year, Wirach Pracharktam, deputy managing director, told investors yesterday.

Sales this year may drop to about 1.12 billion baht from 1.41 billion baht in 2010, after floods halted production at a plant for about a month, he said.

--Editor: Shiyin Chen

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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