Quality Houses, Siam Cement, Thai Oil: Thailand Equity Preview

Shares of the following companies may have unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the close yesterday.

The SET Index (SET) fell 1.9 percent to 1,207.25.

Quality Houses Pcl (QH) : Net income in the first quarter jumped 93 percent to 304.3 million baht ($9.8 million), it said in a regulatory filing. The shares declined 1.9 percent to 1.72 baht.

Siam Cement Pcl (SCC) : Siam Cement will lose as much as 350 million baht a quarter after Bangkok Synthetic Co. Ltd. shut its plant in Rayong province following a fire during the weekend, it said in a regulatory filing. Siam Cement holds a 26 percent stake in Bangkok Synthetic. Siam Cement dropped 1.1 percent to 346 baht.

Sino-Thai Engineering & Construction Pcl (STEC) : Profit in the first quarter increased 81 percent to 301.1 million baht. Sino-Thai lost 0.7 percent to 13.5 baht.

Thai Oil Pcl (TOP) : Thailand’s biggest oil refiner said net income in the first quarter was little changed from a year ago at 7.23 billion baht ($232 million). That compared with the 5.91 billion baht average of seven analyst forecasts compiled by Bloomberg. The stock dropped 1.8 percent to 67 baht.

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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