Bloomberg News

Thailand Stocks: Big C, Major Cineplex, Precious, Thai Rubber

February 17, 2012

Feb. 17 (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 0.9 percent to 1,129.93, the highest close since Aug. 3. The gauge gained 1.5 percent this week, a seventh weekly advance, the longest winning streak since August 2010.

Big C Supercenter Pcl (BIGC TB), Thailand’s second-largest operator of hypermarket stores, climbed 4.4 percent to 130.5 baht, the highest level since Sept. 9. The company’s profit margin may widen on synergies from the combination of Carrefour stores, Chaiyatorn Sricharoen, an analyst at Bualuang Securities Pcl, said by phone today.

Major Cineplex Group Pcl (MAJOR TB), the nation’s biggest cinema operator, gained 2 percent to 15.6 baht, the most since Jan. 24. The company will pay a dividend of 0.39 baht from its July-December earnings, it said in a regulatory filing.

Precious Shipping Pcl (PSL TB), a shipping company, increased 2.5 percent to 16.4 baht, the steepest advance since Dec. 7. The company signed a $100-million term loan with Export- Import Bank of Thailand to finance as much as 80 percent of the acquisition costs of new and second-hand vessels, it said in a regulatory filing.

Sammakorn Pcl (SAMCO TB), a property developer partly owned by King Bhumibol Adulyadej, declined 2.5 percent to 1.99 baht. The company will pay a dividend of 0.02 baht per share from its 2011 earnings, down from a payout of 0.10 baht a year earlier.

Thai Rubber Latex Corp. (Thailand) Pcl (TRUBB TB) climbed 2.6 percent to 4.82 baht, the largest increase since Feb. 1. Rubber futures settled 1.3 percent higher at 318.1 yen a kilogram on the Tokyo Commodity Exchange.

--Editor: Matthew Oakley

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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