Bloomberg News

Thailand Stocks: Group Lease, IRPC, Laguna, Thai Capital Corp.

February 14, 2012

Feb. 14 (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 fell 1 percent to 1,106.41, the most since Nov. 25.

Group Lease Pcl (GL TB), which gives loans for motorcycle purchases, slid 11 percent to 25 baht, the largest drop since February 2010. Net income in 2011 fell 18 percent to 215 million baht ($6.96 million).

IRPC Pcl (IRPC TB), a refiner and petrochemicals producer, lost 2.9 percent to 4.64 baht, the most since Dec. 23. Net income in 2011 dropped 33 percent from a year earlier to 4.11 billion baht, according to a company statement.

Laguna Resorts & Hotels Pcl (LRH TB), a hotel operator, declined 3.7 percent to 46.25 baht, the steepest loss since Sept. 26. The company had a net loss of 223.6 million baht in 2011 compared with a profit of 944.5 million baht a year earlier.

Thai Capital Corp. (TCC TB), a coal supplier, dropped 1.8 percent to 3.24 baht, the most since Jan. 30. The company scrapped a cash dividend for 2011, it said in a regulatory filing, even after reporting today that full-year profit more than tripled to 86.5 million baht.

--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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