Bloomberg News

Thailand Stock Movers: Nation Broadcasting, PTT Exploration

June 07, 2012

Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the 12:30 p.m. break in Bangkok.

The SET Index (SET) rose 0.5 percent to 1,123.75, its second day of gains.

Nation Broadcasting Corp. Pcl (NBC) , a broadcaster of satellite televisions, gained 1.4 percent to 4.46 baht, bound for the largest increase since May 8. The company will recover revenue loss from two television programs, President Adisak Limprungpatanakij, told an investor meeting today. The company has moved two television programs to its own satellite television channels after a contract with state-controlled MCOT Pcl expired this month, he said.

PTT Exploration & Production Pcl (PTTEP) , the nation’s only publicly traded oil explorer, advanced 1.9 percent to 160.5 baht, on course for the highest close since May 22. PTTEP Canada International Finance Ltd., PTT Exploration’s unit, is marketing $500 million of 30-year bonds to yield about 6.5 percent, according to a person familiar with the matter. PTT Exploration is a guarantor for the bond.

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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