Thailand Stocks: Italian-Thai, Kulthorn, Padaeng, Thai Rayon
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 9.30 points, or 0.9 percent, to 1,077.02, the first decline in four days.
Italian-Thai Development Pcl (ITD) , Thailand’s largest construction company, dropped 3.3 percent to 4.08 baht, the lowest close since June 30. The company’s net loss in the second quarter widened to 389.7 million baht ($13.1 million) from a loss of 267.8 million baht a year earlier.
Kulthorn Kirby Pcl (KKC) , a producer of compressors for refrigerators and air conditioners, slid 10 percent to 5.30 baht, the lowest close since Oct. 13. Profit in the second quarter fell 72 percent to 45.6 million baht.
Padaeng Industry Pcl (PDI) , a zinc producer, decreased 5.8 percent to 17.80 baht, the lowest level since Feb. 26, 2010. The company reported a net loss of 26.7 million baht in the three months ended June 30, compared with a profit of 111.6 million baht a year earlier.
Sri Trang Agro-Industry Pcl (STA) , Thailand’s biggest publicly traded rubber producer, lost 4.6 percent to 26.25 baht, the lowest since June 30. Rubber futures in Tokyo fell as concerns over a slowing global economy and declining oil prices countered limited supply from Thailand, the largest producer.
Thai Rayon Pcl (TR) , a chemical producer, jumped 7 percent to 92 baht, the highest close since Nov. 16. Net income for the quarter ended June 30 increased 62 percent to 1.21 billion baht.
United Standard Terminal Pcl (UST) , a warehouse operator, surged by the 30 percent daily limit to 32.5 baht, the highest close since June 1997. Net income in the second quarter more than tripled to 78.4 million baht.
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