Breaking News

Tweet TWEET

Thailand Stocks: Bangkok Dusit, Bumrungrad Hospital, Thaicom

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 1.3 percent to 1,165.98, the largest gain since June 11. The gauge has dropped 2.6 percent this quarter, poised for the first decline since the three months ended Sept. 30. The measure has gained 14 percent this year.

Hospital operators: Bangkok Dusit Medical Services Pcl (BGH) , Thailand’s largest private hospital operator, climbed 3.6 percent to 100 baht, a record close. Bumrungrad Hospital Pcl (BH) jumped 4.6 percent to 73.75 baht, also an all-time high. Bangkok Chain Hospital Pcl (KH) advanced 3.7 percent to 9.7 baht.

Thai hospital operators are adding beds and buying new equipment to meet surging demand, according to Chanpen Sirithanarattanakul, head of research at DBS Vickers Securities (Thailand) Co. Shares of hospital operators are mostly shielded from external economic problems, she said.

Interhides Pcl (IHL) , a producer of leather products, climbed 4.1 percent to 7.65 baht, the highest close since Feb. 9, 2011. The company expects sales to rise 30 percent in 2012 after receiving orders from a U.S. shoemaker, Thai-language Krungthep Turakij reported, citing Managing Director Ongart Thumrongsakunvong. Ongart was not available for comment after a call to his office.

Thaicom Pcl (THCOM) , the nation’s largest satellite services operator, jumped 5.9 percent to 14.3 baht, the highest close since May 11. The company received a license from the National Broadcasting & Telecommunications Commission to launch a new communications orbiter, the English-language Bangkok Post reported, citing Settapong Malisuwan, chairman of the regulator’s telecom committee. Settapong wasn’t available for comment after a call to his office.

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 edit or 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.