IRPC, Siam Commercial Bank, True Corp.: Thailand 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 fell 2.53, or 0.2 percent, to 1,076.13.

IRPC Pcl (IRPC) : The Thai petrochemical maker named Prasert Bunsumpun, president of parent PTT Pcl, as chairman of the board, the company said in a regulatory filing. IRPC rose 2.5 percent to 6.25 baht.

Siam Commercial Bank Pcl (SCB) : The lender will probably increase its loan growth target for the full year as economic growth in Thailand boosts demand for credit, Executive Chairman Vichit Suraphongchai said. Siam Commercial was unchanged at 115 baht.

True Corp. (TRUE TB): Investors who buy the shares today will not be entitled to the company’s rights offer. True, the operator of Thailand’s third-largest mobile phone network, plans to raise 13 billion baht ($431 million) by selling 6.73 billion new shares to existing shareholders, the company said on March 28. True dropped 1.6 percent to 4.23 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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.