Thailand Stocks: Haad Thip, Siam Inter, Sri Trang, Thai Rubber

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 0.2 percent to 1,173.56.

Rubber producers: Sri Trang Agro-Industry Pcl (STA) , Thailand’s largest rubber producer, climbed 1.9 percent to 16.10 baht, the steepest advance since May 2. Thai Rubber Latex Corp. (Thailand) Pcl (TRUBB) increased 1.3 percent to 3.24 baht.

Rubber futures gained as much as 3.6 percent to 274.7 yen a kilogram ($3,420 a metric ton), the biggest gain for a most- active contract since Jan. 17, before settling at 273.6 yen on the Tokyo Commodity Exchange.

Haad Thip Pcl (HTC) , a local bottler of Coca-Cola Co. beverages, surged by the daily limit of 30 percent to 20.1 baht, the highest close since July 1990. “Haad Thip is a good story of swift earnings turnaround as the Thai economy is quickly recovering from the floods,” Adithep Vanabriksha, who oversees about $800 million of Thai equities including Haad Thip shares for Aberdeen Asset Management Plc, said by phone today

Siam Inter Multimedia Pcl (SMM) , a publisher and radio program producer, surged 10 percent to 1.20 baht, extending yesterday’s 30 percent rally. Profit in the first quarter jumped to 16.8 million baht ($534,011), compared with 2.82 million baht a year earlier, it said after the market close on May 15.

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

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.