Thailand Stocks: Central Pattana, Precious, Sansiri, Thoresen
The SET Index rose for a third day, climbing 0.7 percent to 995.33, a two-week high. The gauge gained 2.1 percent in November, a second monthly advance.
Bulk shipping companies: Precious Shipping Pcl (PSL) , Thailand’s biggest shipping company by market value, increased 3.3 percent to 15.5 baht, the largest increase since Oct. 6. Thoresen Thai Agencies Pcl (TTA) jumped 7.7 percent to 18.3 baht, the most since April 8.
Amata Corp. Pcl (AMATA) , Thailand’s second-largest publicly traded developer of industrial land, advanced 3.6 percent to 11.40 baht, the most since Nov. 11. The company expects land sales to rise by 33 percent in 2012 as floods prompt overseas manufacturers to look at its locations for new plants, Chief Operating Officer Viboon Kromadit said in an e- mailed statement yesterday.
Central Pattana Pcl (CPN) , the nation’s largest shopping mall developer, added 2.1 percent to 37.25 baht, the highest close since Sept. 13. The company plans to open a new store in Bangkok with an investment cost of 6 billion baht ($192 million) on Dec. 14. The store will be “strategic” for strengthening the company’s position, Chief Executive Officer Kobchai Chirathiwat said in an e-mailed statement today.
Sansiri Pcl (SIRI) , a Thai property developer, climbed 2.5 percent to 1.22 baht, the highest close since Sept. 27. President Srettha Thavisin bought an additional 1.2 percent stake in the company on Nov. 25, raising his holding to 20.08 percent, the Securities and Exchange Commission said in a statement today.
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