Thailand Stocks: G Steel, Loxley, TPI Polene, Tipco Asphalt

Thailand's SET (SET) Index rose 4.78, or 1.1 percent, to 434.75 as of 10:47 a.m. in Bangkok, its first gain in six days. About two shares climbed for each that fell.

G Steel Pcl (GSTEEL) , Thailand's second-biggest maker of hot-rolled steel, retreated 0.01 baht, or 2.8 percent, to 0.35. The company had a 748 million baht loss in the third quarter compared with a 340.5 million baht profit a year earlier.

International Engineering Pcl (IEC) , a distributor and retailer of mobile phone handsets, rose 0.05 baht, or 6.3 percent, to 0.84. The company had a net income of 279 million baht in the third quarter, compared with a net loss of 215 million baht a year earlier.

Power Line Engineering Pcl (PLE) , a provider of construction services, slid 0.15 baht, or 9.4 percent, to 1.45, set for its lowest close since the company listed in 2002. The company had a net loss of 403 million baht in the third quarter, the biggest quarterly loss since it became a public company.

Scandinavian Leasing Pcl (SCAN TB), a lender of automobile loans, added 0.14 baht, or 5.3 percent, to 2.80, set for its highest close since Oct. 27. Net loss narrowed to 4.2 million baht in the third quarter from a net loss of 17 million baht in the same period last year, the company said in a filing today.

Loxley Pcl (LOXLEY) , the provider of telecommunication and computer services, jumped 0.15 baht, or 14 percent, to 1.21, on course for its steepest climb since Oct. 16 and the biggest gainer by percentage in the benchmark SET Index. The company's third-quarter profit increased 36 percent to 140.4 million baht.

TPI Polene Pcl (TPIPL) , the country's third-biggest cement maker, gained 0.18 baht, or 6.8 percent, to 2.82, poised for its highest close since Oct. 20. The company's third-quarter profit rose 26 percent to 565.7 million baht.

Tipco Asphalt Pcl (TASCO) , the nation's largest maker of asphalt, declined 0.55 baht, or 6.4 percent, to 8, headed for its steepest decline since Oct. 28. The company posted a loss of 59 million baht in the third quarter, its first quarterly loss since the three months to Dec. 2004.

-- Editor: Sam Waite

To contact the reporters 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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