Thailand Stocks: Precious, Seafresh Industry, Somboon, Thai Air
The SET Index (SET) rose for a third day, climbing 0.8 percent to 1,194.60, the highest level since April 4. The gauge gained 2.2 percent this week, the first increase in three weeks.
Precious Shipping Pcl (PSL) increased 1.3 percent to 16 baht, the highest close since April 5. Thoresen Thai Agencies Pcl (TTA) added 1 percent to 19.60 baht, also the highest since April 5. The Baltic Dry Index, a measure of shipping costs for dry-bulk commodities, rose 2.2 percent yesterday, the largest increase since Feb. 10, according to the Baltic Exchange in London.
Auto-parts makers: Thai Stanley Electric Pcl (STANLY) , Thailand’s biggest auto-parts producer by market value, rose 1.1 percent to 185 baht. Somboon Advance Technology Pcl (SAT) gained 3.6 percent to 29 baht. Aapico Hitech Pcl (AH) climbed 2.1 percent to 14.30 baht.
Thailand’s domestic vehicle sales climbed 19 percent in March to 110,928 units, Toyota Motor (Thailand) Co. Ltd., the nation’s largest automaker, said in an e-mailed statement today.
Seafresh Industry Pcl (CFRESH) , a shrimp exporter, advanced 1.4 percent to 7.40 baht, the highest close since June 2002. The company plans to spend as much as $15 million to acquire a 50 percent stake in Belize Aquaculture Ltd., a shrimp producer in Belize, it said in a regulatory filing.
Thai Airways International Pcl (THAI) , the nation’s largest carrier, dropped 1.9 percent to 25.25 baht, the first decline in three days. The airline’s board appointed two banking groups to finance the purchase of three Airbus SAS A380s, to be delivered this year, according to a company statement today. BNP Paribas SA and Sumitomo Mitsui Trust Bank will arrange financing for one of the planes, while Citibank Inc., Bayerische Landesbank and Natixis will handle funding for the other two, according to the statement.
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