Thailand Stocks: Chai Watana, MDX, Sri Trang, Thai Steel Cable

Thailand’s SET Index (SET) climbed 6.85, or 0.9 percent, to close at 760.11, the most in a week.

Chai Watana Tannery Pcl (CWT) , a producer of leather products, soared 30 percent to 3.66 baht, the most since November 2003. The company had net income of 18.2 million baht in the first quarter from a net loss of 42 million baht a year earlier.

MDX Pcl (MDX) , the developer of industrial land, gained 3.2 percent to 1.28 baht, the most since Feb. 22. The company swung to first-quarter net income of 1.43 million baht from a net loss of 26.7 million baht a year earlier.

Sri Trang Agro-Industry Pcl (STA) , the nation’s biggest publicly traded rubber producer, jumped 5.2 percent to 60.5 baht. Rubber advanced for the first time in three days as rising crude oil prices improved the appeal of the raw material used to make tires.

Thai Steel Cable Pcl (TSC) , the maker of cable wire, rose 3.3 percent to 7.85 baht, the most since May 10. The company reported first-quarter net income jumped sevenfold to 76.3 million baht.

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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