Thai Stocks: Bangkok Dusit, Home, Siam Commercial, Thaicom

The following shares had unusual moves in Bangkok trading. Stock symbols are in parentheses after company names and prices are as of the 4:30 p.m. close in Bangkok.

The SET Index rose 13.50, or 1.4 percent, to 995.57, its highest close since Jan. 21. The index has gained for five days, the longest winning streak since a six-day rally through Nov. 8.

Bangkok Dusit Medical Services Pcl (BGH TB), Thailand’s biggest operator of private hospitals, rose 2.8 percent to 54.75 baht, a record close. The company bought a 6.3 percent stake in Bumrungrad Hospital Pcl (BH TB), it said in a statement yesterday, without disclosing the value of the transaction. Bumrungrad shares fell 2.7 percent to 36.25 baht.

Home Product Center Pcl (HMPRO TB), the nation’s biggest retailer of home improvement materials, jumped 6.8 percent to 8.65 baht, the steepest gain since Oct. 12. The company said 2010 net income rose 45 percent to 1.64 billion baht ($53.5 million) and announced a plan to pay a stock and cash dividend.

Siam Commercial New York Life Pcl (SCNYL TB) dropped 15 percent to 438 baht, the most since November 2003. Siam Commercial Bank Pcl (SCB TB), the fourth-biggest bank by assets, said its board approved a plan to buy a further 47.3 percent stake in Siam Commercial New York Life for 8.4 billion baht. Siam Commercial was unchanged at 101.5 baht.

Sicco Securities Pcl (SSEC TB), a Thai stock brokerage, gained 3.3 percent to 0.93 baht, the most since Aug. 30, after saying full-year net income more than doubled to 37.3 million baht.

Thaicom Pcl (THCOM TB), Thailand’s satellite monopoly, dropped 2.5 percent to 5.85 baht. The company reported a full- year loss of 788.9 million baht. The median estimate of eight analysts surveyed by Bloomberg was for a 683 million-baht loss.

To contact the reporter on this story: Tony Jordan in Bangkok at tjordan3@bloomberg.net; Chan Tien Hin in Kuala Lumpur at thchan@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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