Thailand Stocks: Electricity Generating, Inoue Rubber, Kim Eng

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

The SET Index rose 0.48, or 0.1 percent, to 949.57. The gauge has declined 3.6 percent this week, the biggest weekly drop since the week to May 28.

Electricity Generating Pcl (EGCO TB), Thailand’s smallest publicly traded power producer by market value, fell 0.5 percent to 103 baht. The company said profit in 2010 declined 14 percent to 6.79 billion baht ($220 million), or 12.90 baht a share.

Inoue Rubber (Thailand) Pcl (IRC TB), a Thai maker of motorcycle tires, dropped 2.4 percent to 12.4 baht, the lowest close since Dec. 22. Net income for the three months ended Dec. 31 declined 52 percent to 50.4 million baht.

Kim Eng Securities (Thailand) Pcl (KEST TB), the country’s largest stock brokerage, gained 4.2 percent to 15 baht, the steepest increase since Oct. 1. The company will pay a final dividend of 1.18 baht a share for its 2010 earnings. That was an increase from a payout of 1 baht a share in the same period last year. The company also plans to sell as much as 2 billion baht of bonds, it said in a regulatory filing.

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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