Bloomberg News

Big C, G Steel, PTT, Thai Rubber: Thailand’s Equity Preview

December 20, 2011

Dec. 21 (Bloomberg) -- Shares of the following companies may have unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the previous close in Bangkok, unless otherwise stated.

The SET Index fell 0.26 point to 1,033.29.

Energy companies: Crude-oil futures in New York rose 1.2 percent in electronic trading, gaining for a third day after climbing 3.4 percent yesterday. PTT Pcl (PTT TB), Thailand’s biggest energy company, was unchanged at 316 baht. PTT Exploration & Production Pcl (PTTEP TB), the biggest publicly traded explorer, was unchanged at 165.5 baht.

Rubber producers: Rubber futures in Tokyo advanced for a second straight day, rising 3 percent to 279.3 yen per kilogram. Sri Trang Agro-Industry Pcl (STA TB), Thailand’s biggest publicly traded rubber producer, rose 0.6 percent to 17.9 baht. Thai Rubber Latex Corp. (Thailand) Pcl (TRUBB TB) was unchanged at 3.32 baht.

Big C Supercenter (BIGC TB): The operator of hypermarkets postponed a sale of stock to existing shareholders until 2012 because of the effects of flooding in Thailand, it said today in a regulatory filing. The shares were unchanged at 117 baht.

G Steel Pcl (GSTEEL TB): ArcelorMittal scrapped a plan to buy a stake in the Thai steelmaker, G Steel said today in a regulatory filing. The shares fell 2.4 percent to 0.41 baht.

--Editors: Tony Jordan, Allen Wan

To contact the reporter on this story: Tony Jordan in Bangkok at tjordan3@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net


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