Thailand Stocks: Banpu, Khon Kaen Sugar, Major Cineplex, PTT
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 0.7 percent to 1,168.05, its highest close since April 12.
Thailand’s sugar production will increase to 10.85 million metric tons in the 12 months starting Dec. 1, from an estimated 10.415 million a year earlier, a unit of the U.S. Department of Agriculture said.
Oil companies: PTT Pcl (PTT) , Thailand’s largest energy company, advanced 2.4 percent to 343 baht, the steepest increase since March 16. PTT Exploration & Production Pcl (PTTEP) , the nation’s only publicly traded oil explorer, added 1.2 percent to 175 baht.
Crude oil gained 1.2 percent to $104.20 a barrel on the New York Mercantile Exchange yesterday, the highest close since April 2. The contract was last at $104.14 a barrel.
Banpu Pcl (BANPU) , Thailand’s biggest coal producer, climbed 1.1 percent to 556 baht, the biggest increase since March 20. Indonesia has no plans to impose a duty on coal exports, Thamrin Sihite, director general for minerals and coal at the nation’s Energy and Mineral Resources Ministry, said yesterday.
Major Cineplex Group Pcl (MAJOR) , Thailand’s largest cinema operator, jumped 4.4 percent to 19 baht, the highest close since December 2007. The company was rated buy in new coverage by UBS AG. A strong earnings-growth profile and an “undemanding” valuation versus other consumer-related companies and the company’s historical levels make it attractive, UBS analyst Nattanee Tanprasert wrote in a report.
To contact the reporter on this story: Anuchit Nguyen in Bangkok at firstname.lastname@example.org
To contact the editor responsible for this story: Darren Boey at email@example.com
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.