Bloomberg News

Thailand Stocks: Rayong, Siam Cement, Thaicom, Thai Airways

February 09, 2012

Feb. 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 for a third day, climbing 0.1 percent to 1,117.17, the highest level since Aug. 4.

Grande Asset Hotels & Property Pcl (GRAND TB), a developer, gained 3.9 percent to 1.32 baht, the most since Jan. 31. The company plans to develop two hotels and a condominium project, the Bangkok Post reported, citing Chief Executive Officer Noppadol Mingchinda. Noppadol wasn’t available for comment when called at his office today.

Rayong Purifier Pcl (RPC TB), a fuel producer, dropped 3.6 percent to 1.87 baht, extending yesterday’s 4 percent slide and the lowest close since Oct. 4. The company shut down a plant after PTT Pcl stopped supplying raw materials, it said in a regulatory filing yesterday.

Siam Cement Pcl (SCC TB) climbed 1.1 percent to 361 baht, the highest since Aug. 5. Siam Cement signed an agreement with Vietnam Oil & Gas Group and a unit of Qatar Petroleum International to develop a $4.5 billion petrochemical complex in southern Vietnam, the Thai company said in a regulatory filing.

Thaicom Pcl (THCOM TB), a satellite operator, jumped 8.1 percent to 13.3 baht, the highest close since May 2006. The company plans to launch two new orbiters over the next three years, the Bangkok Post reported, citing Chief Executive Officer Suphajee Suthumpun. Suphajee wasn’t available for comment when called at her office.

Thai Airways International Pcl (THAI TB), the country’s largest carrier, advanced 1.4 percent to 25.25 baht, the highest level since Sept. 16. The airline plans to lease eight Boeing Co. 787 Dreamliners from International Lease Finance Co., Boeing said in a statement distributed to the media in Bangkok today. The companies didn’t say when the planes will be delivered.

--Editors: 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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