Bloomberg News

Thailand Stocks: Big C, Eastern Water, PTT Pcl, Sri Trang Agro

May 02, 2012

Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the 4:30 p.m. close in Bangkok.

The SET Index (SET) rose for a sixth day, climbing 0.9 percent to 1,239.06, the highest close since July 1996. Thai financial markets were closed yesterday.

Rubber producers: Sri Trang Agro-Industry Pcl (STA) , Thailand’s largest rubber producer, gained 2.5 percent to 20.70 baht, the most since Feb. 22. Thai Rubber Latex Corp. (Thailand) Pcl (TRUBB) added 1 percent to 5.05 baht, the highest level since April 4. Rubber futures added 0.6 percent to 315.8 yen a kilogram ($3,921 a metric ton) in Tokyo, the highest close since April 10.

Big C Supercenter Pcl (BIGC) , Thailand’s second-biggest hypermarket operator, climbed 2.9 percent to 195.50 baht, a record close. Profit in the first quarter jumped 89 percent to 1.78 billion baht ($59 million), it said in a regulatory filing.

Eastern Water Resources Development & Management Pcl (EASTW) , the nation’s largest private water supplier, jumped 4.8 percent to 8.80 baht, a record close. The company plans to raise capital spending by 40 percent after demand from manufacturers grew at more than twice the pace it estimated, Chief Executive Officer Praphant Asava-aree said in an interview on April 30. Profit this year will beat last year’s record because of an increase in water shipment and tariffs, he said.

PTT Pcl (PTT) , Thailand’s largest oil company, advanced 2.3 percent to 359 baht, the highest close since April 3. Crude oil yesterday rose 1.2 percent to $106.16 a barrel, the highest close since March 27.

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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