Thailand Stocks: Big C, Symphony, Serm Suk, Thai Rayon
Thailand’s SET Index fell 4.71, or 0.5 percent, to 991.71 at the 4:30 p.m. close, completing a four-day, 2.7 percent decline. The gauge lost 1.7 percent this week, a third weekly drop.
Big C Supercenter Pcl (BIGC TB), the nation’s second- biggest hypermarket operator, slipped 1.4 percent to 72.5 baht, the first decline in five days. The company will call a shareholders’ meeting on Jan. 5 to seek approval for its proposed purchase of Carrefour SA’s stores in Thailand, it said in a regulatory filing today.
Symphony Communication Pcl (SYMC TB), a provider of Internet services, surged 23 percent to 10.8 baht in its trading debut. The company this month sold 72 million shares in an initial sale at 8.8 baht each.
Serm Suk Pcl (SSC TB), a local bottler of PepsiCo Inc. beverages, gained 2 percent to 51 baht, the highest close since November 1996. SS National Logistics Co. Ltd. bought a 31.9 percent stake in Serm Suk, the beverage company said in a regulatory filing today.
Thai Rayon Pcl (TR TB), a chemical producer, fell 1.3 percent to 78.5 baht, extending yesterday’s 12 percent slide. Net income was 303.1 million baht ($10 million) in the three months ended Sept. 30, according to Bloomberg calculations derived by subtracting nine-month earnings from full-year results announced by the company yesterday. That compared with profit of 965.2 million baht in the same period a year earlier, according to data compiled by Bloomberg.
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