Thailand Stocks: Seafco, Thai Union Frozen, Thai Airways
Stock Chart for Thai Union Frozen Products PCL (TUF)
Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of 10:33 a.m. in Bangkok.
The SET Index fell 4.85, or 0.5 percent, to 989.63, halting a three-day advance.
Seafco Pcl (SEAFCO TB), a Thai construction company, declined 2.8 percent to 4.12 baht, poised for the lowest close since June 22. The company had a net loss of 58.9 million baht in 2010 compared with a profit of 51.5 million baht.
Thai Union Frozen Products Pcl (TUF TB), the biggest seafood exporter, dropped for an eighth day, declining 1.2 percent to 40 baht. It was set for the longest losing streak since 1995. Net income in the fourth quarter fell 51 percent from a year earlier to 352 million baht ($11.5 million) because of rising costs of tuna and shrimp, the company said yesterday.
Thai Airways International Pcl (THAI TB), the country’s largest carrier, lost 1.3 percent to 38.75 baht, snapping a three-day gain. Crude oil gained for a second day in New York, exceeding $100 a barrel, as demonstrations in Iran stoked concern that turmoil spreading across the Middle East may disrupt supplies from OPEC’s second-largest producer.
To contact the reporter on this story: Anuchit Nguyen in Bangkok at firstname.lastname@example.org
To contact the editor responsible for this story: Darren Boey at email@example.com
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.