Thailand Stocks: Phatra, Property Perfect, Srithai, Thai Air

Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the 12:30 p.m. in Bangkok.

The SET Index fell 1.71, or 0.2 percent, to 984.20.

M-Link Asia Corp. Pcl (MLINK TB), a Thai distributor of mobile phone handsets, slumped 18 percent to 1.33 baht, set for the biggest drop since October 2008. Net income in 2010 fell 45 percent to 66.5 million baht ($2.2 million).

Phatra Capital Pcl (PHATRA TB), a financial company, dropped 3.4 percent to 28.75 baht. The company scrapped dividend payment for 2010 operation, it said in a regulatory filing.

Property Perfect Pcl (PF TB), a property developer, increased 6.2 percent to 4.46 baht, the largest increase since September 2009. Net income in 2010 rose 36 percent to 550.4 million baht.

Srithai Superware Pcl (SITHAI TB), the country’s biggest listed kitchenware maker, rose 4 percent to 10.3 baht, the steepest advance since Nov. 15. Net income in 2010 more than quadrupled to 268 million baht.

Thai Airways International Pcl (THAI TB), the country’s largest carrier, climbed 2 percent to 38 baht, extending a 2.1 percent gain on Feb. 25. Tiger Airways Holdings Ltd. and Thai Airways will get a new shareholder for a budget airline the carriers are jointly setting up in Thailand. RyanThai Ltd. will invest in a 10 percent stake in the new carrier, Tiger Air said in a statement today.

Tropical Canning Pcl (TC TB), a seafood canner, lost 6.3 percent to 3.26 baht, bound for the biggest drop since May 25. Profit last year slumped 70 percent to 38.9 million baht.

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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