Thailand Equity Movers: Forth Corp., Rayong Purifier, Siamgas
Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of 10:40 a.m. in Bangkok.
The SET Index (SET) rose less than 0.1 percent to 1,136.34.
Forth Corp. Pcl (FORTH) , a producer of telecommunications and electronic equipment, gained 1.6 percent to 3.78 baht, heading for the highest close since Aug. 25. The company will pay a final dividend of 0.17 baht a share, compared with 0.15 baht last year.
Rayong Purifier Pcl (RPC) , which distills condensate residue into fuels, dropped 4.6 percent to 1.89 baht, poised for the largest decline since Jan. 31. The company’s auditor has doubts about its ability to continue as a going concern, it said in a regulatory filing yesterday. The stock resumed trading after being suspended yesterday following the auditor’s report.
Siamgas & Petrochemicals Pcl (SGP) , a supplier of liquefied petroleum gas, climbed 2.5 percent to 16.30 baht, set for the highest close since Aug. 19. The company expects revenue in 2012 to rise to 50 billion baht ($1.6 billion) from 38 billion baht a year earlier, Thai-language Krungthep Turakij newspaper reported, citing Executive Chairman Worawit Weeraborwornpong. Worawit was not immediately available for comment.
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