Bloomberg News

Thailand Stocks: Siam Cement, Siam City Cement, Tata, Thoresen

February 01, 2012

Feb. 1 (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 0.2 percent to 1,086.36, the highest close since Aug. 18.

Siam Cement Pcl (SCC TB), Thailand’s fourth-biggest company, dropped 1.2 percent to 342 baht, halting a four-day rally. Siam Cement will acquire Boral Indonesia, a unit of Australia’s Boral Ltd., for $135 million, it said in a regulatory filing.

Siam City Cement Pcl (SCCC TB), Thailand’s second-biggest cement maker, climbed 1.6 percent to 261 baht, the largest gain since Jan. 10. Net income in 2011 increased 22 percent to 3.29 billion baht ($106 million). The company will also pay a final dividend of 6 baht a share.

Tata Steel (Thailand) Pcl (TSTH TB), a unit of India’s Tata Steel Ltd., declined 2.2 percent to 0.89 baht, the biggest drop since Jan. 18. The company’s net loss in the three months to Dec. 31 widened to 943 million baht ($30.4 million) from 676.8 million baht in the same period a year earlier.

Thai Rubber Latex Corp. (Thailand) Pcl (TRUBB TB) gained 2.9 percent to 4.94 baht, the highest level since Aug. 8. Rubber futures climbed as much as 1.5 percent to 319.7 yen a kilogram ($4,193 a metric ton) on the Tokyo Commodity Exchange, before settling at 316.6 yen.

Thoresen Thai Agencies Pcl (TTA TB), a shipping company, rose 3.8 percent to 22 baht, the highest close since May 30. Shareholders rejected the company’s plan to sell 50 million new shares, the company said in a regulatory filing 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


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