Bloomberg News

Thailand Stocks: BEC World, Sri Trang, Siam Commercial, Sansiri

May 15, 2012

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 (SET) rose 1.6 percent to 1,184.55, the most since Feb. 15.

BEC World Pcl (BEC) , Thailand’s biggest television broadcaster, jumped 5.2 percent to 50.50 baht, the steepest advance since April 18. Profit in the first quarter climbed 32 percent to 1.1 billion baht ($35 million).

Pacific Pipe Pcl (PAP) , a steel pipe producer, slid 11 percent to 2.68 baht, the largest decrease since Oct. 10. Profit in the first quarter fell 54 percent to 47.1 million baht.

S. Khonkaen Foods Pcl (SORKON) , a producer of meat products, gained 6.9 percent to 50.25 baht, a record close and extending yesterday’s 30 percent rally. Profit in the first quarter rose to 27.5 million baht from 9.9 million baht a year earlier.

Sri Trang Agro-Industry Pcl (STA) , the country’s largest rubber producer, fell 2.3 percent to 16.90 baht, the lowest close since Oct. 20. Rubber futures slumped as much as 5.1 percent to 265 yen a kilogram ($3,317 a metric ton) before settling at 270.1 yen on the Tokyo Commodity Exchange.

Siam Commercial Bank Pcl (SCB) gained 3.2 percent to 146 baht, the most since April 30. The bank’s loan growth may exceed 12 percent in 2012, President Kannikar Chalitaporn told reporters in Bangkok today.

Sansiri Pcl (SIRI) , a property developer, advanced 4 percent to 2.08 baht. The company raised the forecast of its “presale” residential properties in 2012 to 36 billion baht from the previous estimate of 32 billion baht, President Srettha Thavisin said in an emailed statement today.

Thai Rubber Latex Corp. (Thailand) Pcl (TRUBB) , a producer of rubber latex, slid 7.9 percent to 3.28 baht, the steepest decline since Sept. 26. The company had a net loss of 25.6 million baht in the first quarter, compared with a profit of 255 million baht a year earlier.

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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