Bloomberg News

Thailand Stocks: BTS Group, PTT, Srithai Superware, Sri Trang

May 29, 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 for a fourth day, climbing 1.2 percent to 1,153.66. The gauge has declined 6.1 percent this month, headed for the first monthly drop since September.

BTS Group Pcl (BTS) , the operator of a mass transit system in Bangkok, advanced 1.3 percent to 0.77 baht. Net income for the year ended March 31 jumped to 2.11 billion baht ($66.5 million) from 252.2 million baht a year earlier.

PTT Pcl (PTT) , Thailand’s largest energy company, climbed 3 percent to 313 baht, the steepest increase since Dec. 1. Crude oil advanced for a third day, rising as much as 1.2 percent to $91.99 a barrel in New York.

Srithai Superware Pcl (SITHAI) , a producer of plastic kitchenware, dropped 1.5 percent 13.6 baht, halting a three-day, 34 percent rally. Chairman Sanan Angubolkul said he is unaware of any reason for the stock’s recent advance.

Sri Trang Agro-Industry Pcl (STA) , Thailand’s largest rubber producer, rose 2 percent to 15.40 baht. Rubber futures gained 0.6 percent to settle at 271.9 yen a kilogram ($3,421 a metric ton) on the Tokyo Commodity Exchange.

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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