Bloomberg News

Thailand Stocks: Italian-Thai Development, Sri Trang Agro

January 24, 2012

Jan. 24 (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 less than 0.1 percent to 1,063.08, the highest level since Sept. 8.

Italian-Thai Development Pcl (ITD TB), Thailand’s largest construction company, gained 1.2 percent to 3.46 baht, the most since Jan. 12. The company and its partner secured a contract worth 2.85 billion baht ($91 million) from the State Railway of Thailand, it said in a regulatory filing.

Sri Trang Agro-Industry Pcl (STA TB), the nation’s biggest publicly traded rubber producer, fell 1 percent to 20.8 baht, halting a four-day gain. Rubber may drop “sharply” through March as the end of the low-production season in Southeast Asia approaches and demand stays weak in China, the biggest consumer, according to Goldman Sachs Group Inc.

--Editor: Ravil Shirodkar

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net

To contact the editor responsible for this story: Richard Frost at rfrost4@bloomberg.net


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