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Thailand Stocks: Siam Commercial Bank, Seafco, Ticon Industrial

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 (SET) rose for a third day, climbing 0.5 percent to 1,091.67, the highest close since Aug. 17.

Siam Commercial Bank Pcl (SCB) , Thailand’s fourth- biggest lender by assets, climbed 2.9 percent to 124.50 baht, the highest since Aug. 2. The bank plans to sell a total of 20 billion baht ($647 million) of bonds, it said in an emailed statement. The bonds will have a maturity of 10 years and pay a coupon of 4.5 percent, it said.

Seafco Pcl (SEAFCO) , an engineering services company, gained 1.1 percent to 3.80 baht, the highest close since Aug. 8. The company won seven contracts valued at 141 million baht.

Ticon Industrial Connection Pcl (TICON) , a factory developer, jumped 4 percent to 13 baht, its highest close since Sept. 21. The company was rated “outperform” in new coverage at Macquarie Group Ltd., which cited the company’s “strong earnings outlook.”

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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