Thailand Stocks: Bumrungrad, Karnchang, Italian-Thai Development

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 was little changed at 995.67. The Thai financial markets were closed on Feb. 18 for a public holiday.

Bumrungrad Hospital Pcl (BH TB), Thailand’s second-biggest listed hospital operator, dropped 2.8 percent to 35.25 baht, extending a 2.7 percent decline on Feb. 17. Bumrungrad said on Feb. 17 the acquisition by Bangkok Dusit Medical Services Pcl (BGH TB) of a 6.3 percent stake in the company won’t alter its management structure, strategy and operation of investments. Bangkok Dusit, the country’s largest private hospital operator, lost 2.7 percent to 53.25 baht.

Ch. Karnchang Pcl (CK TB), the nation’s third-largest publicly traded construction company by market value, gained 4.7 percent to 8.95 baht, the biggest increase since Dec. 15. The company signed contracts worth 15.7 billion baht ($514 million) to build a mass transit system.

Home Product Center Pcl (HMPRO TB), the country’s biggest retailer of home improvement materials, climbed 2.9 percent to 8.9 baht, extending a 6.8 percent gain on Feb. 17. Net income in 2010 jumped 45 percent to 1.64 billion baht.

Italian-Thai Development Pcl (ITD TB), the nation’s largest construction company, rose 1.1 percent to 3.82 baht, the highest close since Jan. 28. The company signed a contract worth 11.44 billion baht for civil construction work of a mass transit system, it said in a regulatory filing.

Premier Technology Pcl (PT TB), a distributor of audio and visual equipments, jumped 11 percent to 1.46 baht, the highest close since Nov. 10. The company raised its cash dividend to 0.15 baht a share for its 2010 earnings from a payout of 0.10 baht a share in the same period 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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