Krung Thai Bank, Sri Trang, Robinson, RS: Thai Equity Preview

Shares of the following companies may have unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the previous close, unless stated otherwise.

The SET Index gained 2.21, or 0.2 percent, to 1,019.22.

Thai banks: Siam Commercial Bank Pcl (SCB) , Krung Thai Bank Pcl (KTB) and TMB Bank Pcl (TMB) raised deposit and lending rates, effective today, after the central bank increased its benchmark rate on March 9. Krung Thai also proposed a 0.51 baht per share dividend, according to a stock exchange filing. Siam Commercial Bank rose 1 percent to 105 baht, Krung Thai shares were unchanged and TMB shares gained 0.9 percent to 2.28 baht.

Rubber producers: Rubber futures fell as much as 4.8 percent in Tokyo and 2.2 percent in Shanghai. Sri Trang Agro- Industry Pcl (STA TB), Thailand’s biggest publicly traded rubber producer, fell 0.9 percent to 28.5 baht. Thai Rubber Latex Corp. (Thailand) Pcl (TRUBB TB) shares were unchanged.

BEC World Pcl (BEC) : The Thai television network operator proposed paying a 1 baht per share dividend for 2010 earnings, according to a stock exchange filing. The shares fell 1.5 percent to 33.75 baht.

Robinson Department Store Pcl (ROBINS) : Thailand’s second-biggest department store operator, plans to spend 4 billion baht to open seven new stores by the end of 2012, Bangkok Post reported, citing President Preecha Ekkunagul. The shares advanced 1.3 percent to 23 baht.

RS Pcl (RS) : The Thai producer of music records and television programs said its first-quarter profit would exceed that of last year on higher income from its satellite television business, Krungthep Turakij reported, citing Pornpan Techarungchaikul, the company’s chief operating officer. The shares fell 0.6 percent to 3.1 baht.

To contact the reporter on this story: Daniel Ten Kate in Bangkok at dtenkate@bloomberg.net

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

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