Bloomberg News

Somboon, Siam Commercial Bank, TMB Bank: Thailand Equity Preview

June 18, 2012

Shares of the following companies may have unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the previous close.

The SET Index (SET) fell 0.2 percent to 1,163.41.

Auto-parts makers: Thailand’s vehicle sales in May surged 108 percent to 115,943 units, a monthly record, Toyota Motor Corp.’s Thai unit said in an e-mailed statement today.

Thai Stanley Electric Pcl (STANLY) climbed 1.3 percent to 190.5 baht. Somboon Advance Technology Pcl (SAT) was unchanged at 27.25 baht. Aapico Hitech Pcl (AH) was unchanged at 13.9 baht.

Siam Commercial Bank Pcl (SCB) : Siam Commercial Bank is in talks with Thailand’s finance ministry to buy a 26 percent stake in TMB Bank Pcl through a share swap, Thai-language Kao Hoon reported, citing an unidentified ministry official. Siam Commercial may swap one share for 60 shares of TMB Bank owned by the finance ministry, the report said. Ongorn Abhakorn Na Ayuthaya, a spokeswoman for Siam Commercial Bank, denied the report. The report has “no ground in fact,” she said in a text message.

Siam Commercial declined 1.4 percent to 141.5 baht. TMB Bank (TMB) gained 2 percent to 1.56 baht.

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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