Bloomberg News

Thailand Stocks: Kang Yong, Sino-Thai Engineering, Thai Airways

February 13, 2012

Feb. 13 (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 0.4 percent to 1,117.40, the highest close since Aug. 4.

Kang Yong Electric Pcl (KYE TB), a maker of electric appliances, climbed 4 percent to 208 baht, the highest close since Aug. 4. Profit for the quarter ended Dec. 31 more than doubled to 164.6 million baht ($5.3 million).

Sino-Thai Engineering & Construction Pcl (STEC TB), a contractor, gained 1.5 percent to 13.50 baht. Net income in 2011 doubled to 903.5 million baht, it said in a company statement.

Thai Airways International Pcl (THAI TB), the country’s largest carrier, advanced 1.9 percent to 26.75 baht, the highest close since Aug. 23. The state-controlled carrier may record a profit this year after an earthquake and tsunami in Japan and the worst flooding in about 70 years in Thailand plunged the company into a net loss in 2011, Thai Airways Vice President Raj Tanta-Nanta said in a phone interview 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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