Thailand Stocks: Airports of Thailand, Amata Corp., PTT, Singer

Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the 12:30 p.m. break in Bangkok.

The SET Index rose for a third day, gaining 18.21, or 1.7 percent, to 1,080.28. Thailand’s financial markets were closed Aug. 12 for a public holiday.

Airports of Thailand Pcl (AOT) , the nation’s biggest airfield operator, gained 5.8 percent to 45.75 baht, poised for its biggest advance since July 20. The company is the “top pick as a proxy for rising travel demand given its resilient earnings profile and least exposure to operational challenges,” DBS Group Holdings Ltd. wrote today in a note to clients.

Amata Corp. Pcl (AMATA TB), Thailand’s biggest developer of industrial land, rose 2.8 percent to 14.80 baht, poised for its highest close since Aug. 4. The company said second-quarter net income rose 19 percent to 167.7 million baht ($5.6 million) as revenue from real estate sales increased.

PTT Pcl (PTT) , the nation’s biggest company, rose 3.2 percent to 325 baht, poised for its largest gain in six weeks. Second-quarter profit almost doubled to 32.5 billion baht as income at PTT’s refining and petrochemical units surged, the company said after the market close on Aug. 11.

Singer Thailand Pcl (SINGER) , a retailer of electrical goods, surged 21 percent to 5.80 baht, poised for its highest close since March 2005. The company said second-quarter net income doubled.

Thai Wire Products Pcl (TWP) , a maker of wire used in construction, advanced 11 percent to 14.60 baht, headed for its biggest gain in a year. The company said net income jumped 40 percent in the second quarter.

To contact the reporter on this story: Tony Jordan in Bangkok at tjordan3@bloomberg.net.

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

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.