Thailand Stocks: PTT Aromatics, PTT Exploration, Sri Trang Agro

Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the 4:30 p.m. close in Bangkok.

The SET Index rose 18.90, or 2 percent, to 978.07, the most since June 3. The gauge slid 7.3 percent in the previous four days.

Dynasty Ceramic Pcl (DCC TB), a ceramic maker, rose 1 percent to 49 baht, the first advance in six days. The company reported net income in 2010 climbed 18 percent to 1.18 billion baht ($38 million). The company will pay a dividend of 0.58 baht a share from the 2010 operations, it said in a regulatory filing.

PTT Aromatics & Refining Pcl (PTTAR TB), the refiner and petrochemical maker, climbed 6.5 percent to 36.75 baht, the largest increase since Nov. 1. The company was rated “buy” in new coverage at Citigroup Inc., which cited the company’s position as the largest producer of paraxylene in Thailand. The brokerage has a share-price estimate of 45 baht, according to a Jan. 25 report by analysts led by Jimmy Wong.

PTT Exploration & Production Pcl (PTTEP TB), Thailand’s only publicly traded oil explorer, rose 2.9 percent to 159.5 baht, the biggest gain since Jan. 12. The company said profit jumped 88 percent to 41.7 billion baht in 2010 after it sold more oil at higher prices. That was higher than the 41.3 billion baht median estimate of 26 analysts in a Bloomberg survey.

Sri Trang Agro-Industry Pcl (STA TB), Thailand’s biggest publicly traded rubber producer, slid 10 percent to 33 baht, the steepest decline since May 2009. The company set the offer price for a Singapore initial share sale 25 percent below the maximum indicated last week, after Thai equities tumbled. The Bangkok- based company fixed the price at S$1.20 apiece, or about 29 baht at yesterday’s exchange rate, it said in a Stock Exchange of Thailand filing today.

Sahaviriya Steel Industries Pcl (SSI TB), the country’s biggest steelmaker by market value, rose 1.6 percent to 1.31 baht, the most since Dec. 30. Net income for the year ended Dec. 31 doubled to 2.47 billion baht from 1.27 billion baht in 2009.

Tata Steel Thailand) Pcl (TSTH TB), the country’s biggest maker of steel rods used in construction, dropped 2.7 percent to 1.46 baht, the lowest close since June 2009. The company’s net loss in the three months ended Dec. 31 widened to 676.8 million baht from 2.54 million baht 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: Darren Boey at dboey@bloomberg.net

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