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Bangkok Bank, Charoen Pokphand, Seafco, TMB: Thai 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 (SET) fell 0.4 percent to 1,023.91. The benchmark has declined 0.9 percent this year, poised for its first annual drop in three years.

Bangkok Bank Pcl (BBL) : The nation’s biggest bank by assets sold a 20 percent stake in Sammitr Motors Manufacturing Pcl for 157.5 million baht ($5 million), it said yesterday on a regulatory filing. The stock rose 0.7 percent to 153 baht.

Charoen Pokphand Foods Pcl (CPF) : Thailand’s largest producer of meat and animal feed said its Malaysian unit, Charoen Pokphand Foods (Malaysia) Sdn., bought an undisclosed number of shares in Makin Jernih Sdn. The shares were unchanged at 32.75 baht.

Seafco Pcl (SEAFCO) : The construction company won a 425 million-baht contract to build part of a new underground railway line in Bangkok, the company said today in a regulatory filing. The shares gained 1.3 percent to 3.04 baht.

TMB Bank Pcl (TMB) : The lender controlled by ING Groep NV sold its entire 14.7 percent stake in M-Home SPV1 Co. for an undisclosed sum, it said today in a statement. The shares were unchanged at 1.59 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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