Bloomberg News

Thailand Stocks: Khon Kaen, Kasikornbank, Nippon Pack, Serm Suk

May 25, 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 0.6 percent to 1,132.83. The gauge dropped 1.9 percent this week, its third weekly decline.

Khon Kaen Sugar Industry Pcl (KSL) , a producer of the sweetener, rose 1.6 percent to 12.4 baht. The company received a 2.15 billion baht ($67.9 million) loans from Kasikornbank (KBANK) Pcl to fund the construction of new sugar and power plants, the lender said in an emailed statement today. Kasikornbank (KBANK TB) advanced 1 percent to 150 baht.

Nippon Pack Pcl (NIPPON) , a producer of food packaging, slumped 8.2 percent to 59 baht, the largest drop since December 2009. The company said in a regulatory filing that it hasn’t finalized a dividend payment, denying reports in Thai-language Kao Hoon and Thunhoon newspapers.

Serm Suk Pcl (SSC) , a soft-drink bottler, climbed 11 percent to 111 baht, rebounding from yesterday’s 30 percent slump. Serm Suk is operating as normal and there is no significant development to announce, Chief Executive Officer Somchai Bulsook said in a regulatory filing in response to queries from the bourse.

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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