Thailand Stocks: Land & Houses, Somboon, Tesco Lotus, Thoresen

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) fell less than 0.1 percent to 1,189.50, the first decline in five days.

Krungdhon Hospital Pcl (KDH) , a hospital operator, climbed 2.8 percent to 37.25 baht, the highest close since July 14. The company raised its cash dividend to 2 baht a share this year, compared with 0.50 baht a year earlier.

Land & Houses Pcl (LH) , Thailand’s biggest home-builder by market value, gained 2.9 percent to 7.05 baht, the most since March 8. The company raised 3.3 billion baht ($107 million) from selling units in a property fund, CIMB Securities (Thailand) Co., the manager of the sale, said in an e-mailed statement.

Somboon Advance Technology Pcl (SAT) , an auto-parts maker, jumped 5.8 percent to 27.25 baht, the highest close since July 28. The company expects 2012 revenue to climb 35 percent, the Thai-language Kao Hoon reported, citing Executive Vice President Yongkiat Kitaphanich. The company will benefit from a rebound in domestic and overseas sales of automobiles following last year’s flooding in Thailand, the newspaper said. Yongkiat wasn’t immediately available for comment after a call to his office.

Siam Pan Group Pcl (SPG) , a supplier of lubricating oil, declined 1.7 percent to 88 baht, the lowest close since March 2. Investors who bought the stock today won’t be entitled for the company’s cash dividend of 5 baht a share.

Tesco Lotus Retail Growth Freehold & Leasehold Property Fund (TLGF) (TLGF TB), a property fund of Tesco Plc’s Thai unit, increased 9.6 percent to 11.40 baht on its trading debut. Ek- Chai Distribution System Co., controlled by U.K.’s largest retailer, this month raised 18.4 billion baht in an initial public offering of the fund. It sold shares at 10.40 baht each.

Thoresen Thai Agencies Pcl (TTA) , an operator of bulk carriers, advanced 2 percent to 20.60 baht, the most since Feb. 1. The Baltic Dry Index, a measure of shipping costs for dry- bulk commodities, climbed 0.9 percent on March 16, its 17th consecutive day of gains, according to the Baltic Exchange in London. It closed at the highest level since Jan. 19.

To contact the reporter on this story: Anuchit Nguyen in Bangkok at

To contact the editor responsible for this story: Darren Boey at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.