Thailand Stocks: Dynasty Ceramic, GMM Grammy, Thai Vegetable

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 0.1 percent to 1,201.36, the highest close since April 3.

Dynasty Ceramic Pcl (DCC) , a producer of ceramic tiles, dropped 4.2 percent to 62.75 baht, the largest decline since March 5. Profit in the first quarter rose 2.4 percent to 372.6 million baht ($12 million). That compared with an average estimate of 419 million baht in a Bloomberg survey.

GMM Grammy Pcl (GRAMMY) , the nation’s largest music company, surged 15 percent to 22.90 baht, the highest close since July 2003. The company expects to earn more than 500 million baht ($16.2 million) in advertising revenue from the broadcast of the European Championships soccer tournament, Chairman Paiboon Damrongchaitham said in an e-mailed statement. The Bangkok-based company has sold 80 percent of the advertising slots and expects to sell the remainder before the tournament starts, according to the statement.

Thai Vegetable Oil Pcl (TVO) , the country’s largest soybean supplier, jumped 5.2 percent to 22.30 baht, the highest close since Sept. 20. July-delivery soybeans gained as much as 1.8 percent to $14.9175 a bushel in Chicago.

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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