Bloomberg News

Thailand Stocks: Berli Jucker, Oishi, Siam Cement, Thai Union

July 19, 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) fell for a second day, declining 0.6 percent to 1,212.96.

Oishi Group Pcl (OISHI) , controlled by Thailand’s biggest whiskey and beer producer, climbed 1.6 percent to 162 baht, a record close. Thai Beverage Pcl, Oishi’s parent, agreed to pay S$2.78 billion ($2.2 billion) for Fraser & Neave Ltd.’s shares held by Oversea-Chinese Banking Corp. and its partners. Berli Jucker Pcl (BJC) , an affiliate of Thai Beverage, jumped 5.7 percent to 42 baht, the most since March 30.

Siam Cement Pcl (SCC) , the nation’s biggest cement and paper maker, gained 1.5 percent to 329 baht, the highest close since June 19. The company plans to invest about 200 billion baht between 2013 and 2017 to expand in Southeast Asian countries, Chief Executive Officer Kan Trakulhoon said today.

Thai Union Frozen Products Pcl (TUF) , Thailand’s largest seafood exporter, dropped 2.3 percent to 74.75 baht, the steepest decrease since June 15. The company was cut to hold from buy at UOB Kay Hian Securities (Thailand) Pcl.

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net

To contact the editor responsible for this story: Richard Frost at rfrost4@bloomberg.net


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus