Bloomberg News

Thailand Stocks: Khonburi Sugar, Sansiri, Tongkah Harbour Pcl

January 09, 2012

Jan. 9 (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 0.8 percent to 1,044.84, the highest close since Dec. 7.

Khonburi Sugar Pcl (KBS TB), a Thai sugar maker, increased 3.5 percent to 11.90 baht, the highest close since Sept. 8. March-delivery raw sugar climbed 0.7 percent to settle at 23.29 cents a pound on ICE Futures U.S. in New York on Jan. 6.

Sansiri Pcl (SIRI TB), a property developer, jumped 6.8 percent to 1.42 baht, its highest level since May 2004. Sansiri expects revenue to rise by at least 40 percent to 28 billion baht ($880 million) this year, President Srettha Thavisin said. The company plans to develop more condominium projects in provinces outside Bangkok, Srettha said in an e-mailed statement.

Tongkah Harbour Pcl (THL TB), a gold producer, slid 19 percent to 0.47 baht as the stock resumed trading after being suspended since March 1. The Stock Exchange of Thailand lifted the restriction after the company clarified information on a rehabilitation plan, the bourse said in a statement.

--Editor: Chan Tien Hin

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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