Thailand Stocks: Khon Kaen Sugar, Quality Houses, Total Access
Shares of the following companies had unusual moves in Thailand trading. (SET) Stock symbols are in parentheses and prices are as of the 12:30 p.m. break in Bangkok.
The SET Index fell 0.4 percent to 1,024.54, declining for a sixth straight day. The measure has fallen 0.8 percent this year.
Khon Kaen Sugar Industry Pcl (KSL) , a Thai sugar producer, advanced 1.5 percent to 13.3 baht, the highest close since Dec. 7. Khon Kaen will probably report “strong” year-on- year profit growth for the first quarter of 2012, driven by “substantially greater sugar, ethanol and electricity sales volume,” Bualuang Securities said in a note to clients dated today.
Quality Houses Pcl (QH) , a property developer, rose 1.3 percent to 1.51 baht. The company plans to start sales at 23 real-estate projects valued at 21.4 billion baht ($677 million) in 2012, the Bangkok Post reported, citing Suwanna Buddhaprasart, a director at the company. Buddhaprasart couldn’t be reached when called at her office.
Total Access Communication Pcl (DTAC) , the nation’s second-biggest mobile-phone company, fell 2.3 percent to 71.5 baht, the lowest close since Sept. 5. The shares declined after they began trading without the right to a dividend. The stock was also downgraded to “sell” from “buy” by Rattana Leenutaphong, an equity analyst at IV Global Securities Pcl.
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