Bloomberg News

Thailand Stocks: Central Pattana, Precious, Sansiri, Thoresen

November 30, 2011

Nov. 30 (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 for a third day, climbing 0.7 percent to 995.33, a two-week high. The gauge gained 2.1 percent in November, a second monthly advance.

Bulk shipping companies: Precious Shipping Pcl (PSL TB), Thailand’s biggest shipping company by market value, increased 3.3 percent to 15.5 baht, the largest increase since Oct. 6. Thoresen Thai Agencies Pcl (TTA TB) jumped 7.7 percent to 18.3 baht, the most since April 8.

The Baltic Dry Index, a measure of shipping costs for commodities, rose 1.1 percent to 1,828 yesterday, the most since Nov. 16, according to the Baltic Exchange in London.

Amata Corp. Pcl (AMATA TB), Thailand’s second-largest publicly traded developer of industrial land, advanced 3.6 percent to 11.40 baht, the most since Nov. 11. The company expects land sales to rise by 33 percent in 2012 as floods prompt overseas manufacturers to look at its locations for new plants, Chief Operating Officer Viboon Kromadit said in an e- mailed statement yesterday.

Central Pattana Pcl (CPN TB), the nation’s largest shopping mall developer, added 2.1 percent to 37.25 baht, the highest close since Sept. 13. The company plans to open a new store in Bangkok with an investment cost of 6 billion baht ($192 million) on Dec. 14. The store will be “strategic” for strengthening the company’s position, Chief Executive Officer Kobchai Chirathiwat said in an e-mailed statement today.

Sansiri Pcl (SIRI TB), a Thai property developer, climbed 2.5 percent to 1.22 baht, the highest close since Sept. 27. President Srettha Thavisin bought an additional 1.2 percent stake in the company on Nov. 25, raising his holding to 20.08 percent, the Securities and Exchange Commission said in a statement today.

--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


Later, Baby
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus