Bloomberg News

Thailand Stocks: Electronics Industry, Hwafong Rubber, Single

June 28, 2012

Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are at the close in Bangkok.

The SET Index (SET) gained for a third day, adding 0.5 percent to 1,171.32. The gauge has lost 2.1 percent since the end of March, poised for the first quarterly drop since the three months ended Sept. 30. The measure has advanced 14 percent this year.

Electronic-parts makers: Electronics Industry Pcl (EIC) jumped 5.2 percent to 1.41 baht. Single Point Parts (Thailand) Pcl (SPPT) climbed 1.2 percent to 3.4 baht.

The Thai electronics and disk-drive industry will have a full recovery in the fourth quarter, said Sophon Pholprasit, director general of Thailand’s Office of Industrial Economics. About 80 percent to 90 percent of Thai production has returned to pre-flood levels, he said.

Hwafong Rubber (Thailand) Pcl (HFT TB), a tiremaker, dropped 1.6 percent to 2.48 baht, snapping a five-day rally. The company raised 2.6 million baht from selling treasury stocks, it said in a regulatory filing. The company still holds 39.9 million of its own shares from its repurchase program, it said.

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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