Bloomberg News

Thailand Stocks: Aapico, Quality Houses, Somboon, Thai Stanley

June 20, 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 0.15 point, or less than 0.1 percent, to 1,173.24.

Auto-parts makers: Automobile production last month surged 105 percent from a year earlier to 202,834 units, a monthly record, the Thai Automotive Club, a trade group, said in an emailed statement today.

Thai Stanley Electric Pcl (STANLY) , Thailand’s biggest auto-parts producer by market value, gained 1 percent to 198 baht, the highest close since May 8. Somboon Advance Technology Pcl (SAT) increased 2.7 percent to 28.25 baht. Aapico Hitech Pcl (AH) added 2.1 percent to 14.30 baht.

Malee Sampran Pcl (MALEE) , a canned fruit producer, dropped 2.1 percent to 81 baht, halting a two-day surge. The company will reduce the par value of its stock to 2 baht from 10 baht, it said in a regulatory filing.

Quality Houses Pcl (QH) , a property developer, jumped 5.1 percent to 1.66 baht, the most since Feb. 21. The property developer aims to raise 3.34 billion baht ($106.3 million) from the sale of a property fund, it said in a regulatory filing.

Thai Factory Development Pcl (TFD) , a developer of factories for rental, climbed 3 percent to 2.08 baht, the highest close since May 17. Suwannee Pairojkijja, a major shareholder, sold a 17.5 percent stake in the company, it said in a regulatory filing today. The company said it’s checking the identity of the buyer.

Tisco Financial Group Pcl (TISCO) , a financial company, rose 1.3 percent to 38.50 baht. The company was raised to hold from sell by Usanee Liurut, an analyst at Asia Plus Securities Pcl, who cited the prospect of higher earnings in the second half.

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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