Thailand Stocks: Bangkok Metro, Chiangmai Frozen, Live, Singer

Thailand’s SET Index (SET) dropped for a second day, declining 0.42, or 0.1 percent, to 431.52 at the close. The measure fell 0.7 percent this week and lost 1.4 percent in February. The gauge has declined 4.1 percent this year.

Bangkok Metro Pcl (BMCL) , Thailand’s sole private subway operator, dropped 11 percent to 0.51 baht, its lowest close since Jan. 26. Bangkok Metro had a net loss of 1.46 billion baht ($40.5 million) in 2008, its eighth straight annual loss, compared with 1.48 billion baht a year earlier.

Chiangmai Frozen Foods Pcl (CM) , an exporter of frozen vegetables and fruits, gained 4.7 percent to 3.10 baht, the highest since May 7. Net income rose 42 percent to 142.3 million baht, or 0.41 baht a share, the company said in a filing today. It will pay a cash dividend of 0.30 baht a share and a stock dividend equivalent to 0.10 baht a share, it said. The company paid a cash dividend of 0.30 baht a share a year earlier.

Live Incorporation Pcl (LIVE) , a Thai music and movies retailer, slid by the daily limit of 30 percent to 0.19 baht, its lowest close since June 1, 2007. Live posted a net loss of 252.8 million baht ($7 million) in 2008, compared with a profit of 75.5 million baht a year earlier, it said in a filing today.

Singer Thailand Pcl (SINGER) , a Thai retailer of electrical appliances, jumped 14 percent to 1.34, the most since May 12. The company’s net loss last year narrowed to 81.6 million baht from 500.2 million baht a year earlier.

Thai Airways International Pcl (THAI) , the state-controlled carrier, rose 0.7 percent to 7.65 baht, its first gain in three days. The airline lowered a request for government funds to ease a liquidity crisis after passenger numbers gained and jet fuel prices declined, Chairman Surachai Thansitpong said in Bangkok today.

Thai Central Chemical Pcl (TCCC) , a Thai fertilizer maker, slid 11 percent to 4.96 baht, its steepest decline since Nov. 17. The company will pay a dividend of 0.40 baht a share for its 2008 operation, it said in a statement today. That was lower than the payout of 0.70 baht a share a year earlier.

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

To contact the editor responsible for this story: Linus Chua at lchua@bloomberg.net.

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