Quality Houses, Tata Steel, Thai Air: Thailand Equity Preview

Shares of the following companies may have unusual moves in Thailand trading. (SET) Stock symbols are in parentheses and prices are as of the previous close in Bangkok, unless otherwise stated.

The SET Index fell 0.19 point to 1,028.19.

Quality Houses Pcl (QH) : The property developer plans to start sales at 23 real estate projects valued at 21.4 billion baht ($677 million) in 2012, the Bangkok Post reported, citing Director Suwanna Buddhaprasart. The shares were unchanged at 1.49 baht.

Tata Steel (Thailand) Pcl (TSTH) : The unit of Tata Steel Ltd. said Laptawee Senavonge resigned as the company’s president for personal reasons. Peeyush Gupta will serve as interim president, the company said today in a regulatory filing. The shares fell 1.2 percent to 0.84 baht.

Thai Airways International Pcl (THAI) : The national carrier’s Thai Smile unit plans to add flights to five destinations in Asia within its first year of operation, the Nation reported, citing Thai Smile managing director Woranate Laprabang. The stock fell 0.5 percent to 20 baht.

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

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