Banpu, PTTGC, Thaicom, Thai Union Frozen: Thai 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 1.4 percent to 1,190.65.

Banpu Pcl (BANPU) : The nation’s biggest coal producer said net income fell 70 percent to 2.78 billion baht ($89 million) in the first quarter because of the absence of investment gains. That compares with the 2.39 billion-baht average of seven analyst estimates compiled by Bloomberg. The stock fell 1.1 percent to 538 baht.

Italian-Thai Development Pcl (ITD) : The construction company got a contract valued at 3.8 billion baht to build a bridge over Thailand’s Chao Phraya River, it said today in a statement. The shares rose 1.2 percent to 3.52 baht.

PTT Global Chemical Pcl (PTTGC) : The nation’s largest petrochemical producer reported profit of 9.85 billion baht in the first quarter, compared with the 9.23 billion-baht average of three analyst estimates compiled by Bloomberg. The shares fell 3.4 percent to 64.75 baht.

Thaicom Pcl (THCOM) : The satellite operator reported profit of 42.4 million baht in the first quarter, from a year- earlier loss of 167.1 million baht, it said in a statement after the market close yesterday. The shares slumped 6.9 percent to 14.9 baht.

Thai Union Frozen Products Pcl (TUF) : Thailand’s largest seafood exporter said first-quarter profit jumped 93 percent to 1.47 billion baht. That compares with the 1.28 billion-baht average of six analyst estimates compiled by Bloomberg. The stock fell 1.7 percent to 71.5 baht.

To contact the reporter on this story: Tony Jordan in Bangkok at tjordan3 @bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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