Sri Trang, Thai Rubber Latex, TMB Bank: Thailand Equity Preview

The following shares may have unusual price changes in Thailand’s stock market. Stock symbols are in parentheses after company names and prices are from yesterday’s close.

The SET Index fell 0.6 percent to 1,029.60, its lowest level since Dec. 8.

Rubber producers: Rubber futures in Tokyo climbed as much as 0.4 percent today to 398.2 yen a kilogram on supply concerns stemming from heavy rainfall in Thailand. The cash price remained at a record high.

Sri Trang Agro-Industry Pcl (STA TB), Thailand’s biggest publicly traded rubber producer, rose 0.7 percent to 36.25 baht. Thai Rubber Latex Corp. Pcl (TRUBB TB), the second biggest, fell 2 percent to 7.45 baht.

Pranda Jewelry Pcl (PRANDA TB): The Thai jewelry exporter plans to increase total revenue by 8 percent next year from an estimated 4 billion baht ($133 million) this year, Kao Hoon reported, citing the company’s acting President Prapee Sorakraikitikul. The company also plans to spend about 300 million baht to develop new products and expand overseas, the Thai-language newspaper said. The shares fell 1.5 percent to 6.45 baht.

Saha Pathanapibul Pcl (SPC TB): The distributor of consumer products bought a 45 million baht stake in Elleair International (Thailand) Co., according to a filing to the stock exchange. The shares were unchanged at 27 baht.

TMB Bank Pcl (TMB TB): The lender controlled by ING Groep NV was downgraded to “underweight” from “neutral” at JPMorgan Chase & Co. by equity analyst Anne Jirajariyavech. The stock was unchanged at 2.14 baht.

To contact the reporter on this story: Daniel Ten Kate in Bangkok at

To contact the editor responsible for this story: Darren Boey at

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