Thailand Stocks: Aapico, KCE Electronics, Thai Air, Thai Rubber
Stock Chart for KCE Electronics PCL (KCE)
Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the close in Bangkok.
The SET Index fell 1.7 percent to 936.82.
Aapico Hitech Pcl (AH TB), an auto-parts maker, fell 5 percent to 8.65 baht, the lowest level since June 8, 2010. The company said flooding in Ayutthaya province forced it to close a plant.
KCE Electronics Pcl (KCE) , a producer of electronics parts, slid 12 percent to 3.84 baht, extending yesterday’s 9.6 percent slide. A plant in Ayutthaya has been ordered by the government to remain closed for safety reasons because of flooding, KCE said in a regulatory filing today.
Thai Airways International Pcl (THAI) , the national carrier, fell 5.2 percent to 20.2 baht, the biggest drop in more than a week. The company said it may fill about 70 percent of its seats in the fourth quarter this year, compared with 74 percent a year earlier, because of Europe’s debt crisis and increased competition. High oil prices will also erode revenue in the last quarter, Executive Vice President Pandit Chanapai said.
Thai Rubber Latex Corp. (Thailand) Pcl (TRUBB TB), a rubber producer, increased 1.9 percent to 3.18 baht. Rubber in Tokyo climbed for a third day on concern that floods in Thailand, the largest producer, may disrupt supply of the commodity used in tires and gloves.
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