Bloomberg News

Thailand Stocks: Siam Commercial Bank, Seafco, Ticon Industrial

February 02, 2012

Feb. 2 (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 0.5 percent to 1,091.67, the highest close since Aug. 17.

Siam Commercial Bank Pcl (SCB TB), Thailand’s fourth- biggest lender by assets, climbed 2.9 percent to 124.50 baht, the highest since Aug. 2. The bank plans to sell a total of 20 billion baht ($647 million) of bonds, it said in an emailed statement. The bonds will have a maturity of 10 years and pay a coupon of 4.5 percent, it said.

Seafco Pcl (SEAFCO TB), an engineering services company, gained 1.1 percent to 3.80 baht, the highest close since Aug. 8. The company won seven contracts valued at 141 million baht.

Ticon Industrial Connection Pcl (TICON TB), a factory developer, jumped 4 percent to 13 baht, its highest close since Sept. 21. The company was rated “outperform” in new coverage at Macquarie Group Ltd., which cited the company’s “strong earnings outlook.”

--Editor: Chan Tien Hin

To contact the reporter on this story: Anuchit Nguyen in Bangkok at

To contact the editor responsible for this story: Darren Boey at

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