Thailand Stocks: Advanced Info, Airports of Thailand, MCOT
Stock Chart for Thai Rubber Latex Corp Thailand PCL (TRUBB)
Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are at the 4:30 p.m. close.
The SET Index rose 11.48, or 1.1 percent, to 1,107.36, the fourth day of gains.
Rubber producers: Sri Trang Agro-Industry Pcl (STA) gained 4.8 percent to 32.75 baht and Thai Rubber Latex Corp. (Thailand) Pcl (TRUBB TB) advanced 3.8 percent to 6.80 baht, the highest level since Feb 23, after prices of the commodity climbed. Rubber prices advanced as much as 5.3 percent in Tokyo, after declining for six straight sessions.
Advanced Info Service Pcl (ADVANC) , the biggest mobile phone company, increased 2.3 percent to 91 baht, the highest since Dec. 14. The company was rated new “outperform” at KGI Securities Thailand Pcl by analyst Phatipak Navawatana. The brokerage’s share-price estimate is 110 baht.
Airports of Thailand Pcl (AOT) , the nation’s biggest operator of airfields, climbed 3.4 percent to 38.50 baht, the highest level since Jan. 7, on speculation that traffic increased even after Japan’s earthquake. The company’s traffic movement between April 1 and April 17 grew by “double-digits,” and earnings in the three months ended March are expected to increase, KGI Securities said today in a note to clients.
MCOT Pcl (MCOT) advanced 1.6 percent to 31.50 baht. The state-controlled television and radio broadcaster expects revenue to rise 20 percent in the second quarter because of increased demand from advertisers ahead of a general election that may be held as soon as June, the Bangkok Post reported, citing Kematat Paladesh, the company’s vice-president of marketing.
Siam Commercial Bank (SCB TB) increased 1.8 percent to 116 baht, the biggest gain since April 4. The nation’s fourth- biggest bank by assets said first-quarter profit doubled to a record, buoyed by increased demand for new loans and investment gains.
Thai Airways International Pcl (THAI) rose 1.3 percent to 39.50 baht, the highest close since March 14. Thailand’s Cabinet approved the airline’s plan to acquire 75 new aircraft over the next 10 years, according to the Cabinet’s agenda.
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.