Thailand Stocks: Charoen Pokphand, Jutha Maritime, Thai Airways
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 8.69, or 0.9 percent, to 985.91. The gauge dropped 1 percent this week.
Charoen Pokphand Foods Pcl (CPF TB), Thailand’s biggest producer of animal feeds and meat, gained 1.7 percent to 23.9 baht. The company expects revenue to grow between 10 percent and 15 percent in 2011 as overseas sales increase, Chief Executive Officer Adirek Sripratak told reporters today in Bangkok. Profit climbed 33 percent to a record 13.56 billion baht ($443 million) in 2010, the company reported today.
Jutha Maritime Pcl (JUTHA TB), a shipping company, slumped 13 percent to 4.90 baht, the lowest close since Nov. 12. The company scrapped a dividend payment for 2010 operation, it said in a regulatory filing.
Thai Airways International Pcl (THAI TB), the country’s largest carrier, climbed 2.1 percent to 37.25 baht, the biggest advance since Feb. 16. Profit in 2010 more than doubled to 15.3 billion baht, the highest since the company’s shares were listed in 1991, after tourist arrivals rebounded.
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