Thailand Stocks: Asia Green Energy, Italian-Thai, Khon Kaen

Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of 10:17 a.m. in Bangkok.

The SET Index (SET) rose 0.3 percent to 1,193.16, poised for the highest close since July 1996.

Asia Green Energy Pcl (AGE) , a coal supplier, climbed 2.4 percent to 6.30 baht, headed for the highest close since Sept. 23. The company will pay a cash dividend of 0.00695 baht a share and offer a 4-for-1 stock dividend, it said in a regulatory filing.

Italian-Thai Development Pcl (ITD) , Thailand’s largest construction company, dropped 3.6 percent to 3.74 baht, on course for the steepest decline since Dec. 14. The company plans to sell 1.68 billion new shares to existing shareholders and other investors, it said in a regulatory filing yesterday.

Khon Kaen Sugar Industry Pcl (KSL) gained 1.4 percent to 14.40 baht, poised for the highest close since Feb. 28. Thailand’s sugar committee will maintain a domestic supply quota of 2.4 million metric tons a year to prevent shortages and stem price increases, Foreign Trade Department Director-General Manat Soiploy said yesterday. Sugar millers last week called for a reduction in the local allocation by 100,000 tons to 2.3 million tons.

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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