Thai Stocks: Electricity Generating, Sri Trang, RS, Robinson
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 fell 12.16, or 1.2 percent, to 1,007.06, the most since Feb. 24. The gauge has gained 1.1 percent this week, its second weekly increase.
Electricity Generating Pcl (EGCO) , Thailand’s second- largest publicly traded power producer by market value, added 0.7 percent to 95.25 baht. The company targets annual profit of at least 5 billion baht from 2011 to 2015, it said in a statement today. Net income should rise to 6 billion baht a year from 2016 to 2021, it said, bolstered by planned acquisitions of power plants.
Sri Trang Agro-Industry Pcl (STA) , Thailand’s biggest publicly traded rubber producer, fell 3.5 percent to 27.50 baht, the lowest close since Feb. 24 after rubber futures dropped as much as 5.9 percent in Tokyo and 3.1 percent in Shanghai.
Robinson Department Store Pcl (ROBINS) , Thailand’s second-biggest department store operator, advanced 1.3 percent to 23.3 baht, the highest close since Jan. 6. The company plans to spend 4 billion baht to open seven new stores by the end of 2012, Bangkok Post reported, citing President Preecha Ekkunagul.
RS Pcl (RS) , a Thai producer of music records and television programs, climbed 0.7 percent to 3.12 baht. The company 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.
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