Thailand Stocks: Khonburi, Quality Houses, Thoresen Thai, Tisco

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 rose 14.63 points, or 1.4 percent, to 1,027.72, snapping a four-day, 2.1 percent decline.

Khonburi Sugar Pcl (KBS TB), a sugar miller, jumped 5.1 percent to 12.4 baht, the first advance in three days. Thailand’s sugar-cane production in the crop year starting November may increase 5.7 percent to a record of 105.1 million metric tons, the Office of Agricultural Economics, the government’s state agency, said on its website.

Quality Houses Pcl (QH) , a residential property developer, dropped 2.3 percent to 1.71 baht, the lowest close since August 2009. The company had its share-price estimate cut to 2.12 baht from 2.80 baht at Kelive Research, which cited lower sales of the company’s residential properties.

Thoresen Thai Agencies Pcl (TTA) , a shipping company, gained 4.4 percent to 19 baht, the most since May 26. The company will pay an interim dividend of 0.5 baht per share, it said in a regulatory filing.

Tisco Financial Group Pcl (TISCO) , a financial company, climbed 2.8 percent to 36.5 baht, the steepest advance since May 19. Tisco was upgraded to “buy” from “hold” at Kelive Research, which cited earnings growth and a higher dividend yield. The brokerage raised its share-price estimate to 43.5 baht from 42 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.