Bloomberg News

Thailand Stocks: Sri Trang Agro, Tongkah Harbour, Total Access

February 03, 2012

Feb. 3 (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 0.7 percent to 1,098.95, the highest close since Aug. 4, extending a weekly gain to 2.1 percent. The gauge had a fifth weekly advance, the longest winning streak since April.

Sri Trang Agro-Industry Pcl (STA TB), the nation’s largest rubber producer, climbed 1.9 percent to 21.70 baht. Rubber futures gained as much as 1.3 percent to 315.1 yen a kilogram ($4,136 a metric ton) before settling at 314.7 yen on the Tokyo Commodity Exchange.

Tongkah Harbour Pcl (THL TB), a gold producer, jumped 15 percent to 0.46 baht, the most since April 2010. Spot gold reached $1,761.18 yesterday, the most expensive since Dec. 2.

Total Access Communication Pcl (DTAC TB), Thailand’s second-biggest mobile-phone company, gained 3.7 percent to 69.75 baht, the steepest advance since Dec. 16. Total Access will be a prime beneficiary of Thailand’s 3G license auction in the second half, Phatipak Navawatana, an analyst at KGI Securities, wrote in a note today.

--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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