Thailand Stocks: Bangkok Chain, Bumrungrad, Thai Union Frozen
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 1.5 percent to 1,204.42, the highest close since May 9.
Bangkok Chain Hospital Pcl (KH) , a private-hospital operator, slid 8.1 percent to 9.05 baht, its biggest drop since October 2008. Bumrungrad (BH) Hospital Pcl sold 498.7 million shares in Bangkok Chain at 9.15 baht each, both companies said in regulatory filings. The statements were made after the Thai- language Krungthep Turakij reported the sale sales. Bumrungrad (BH TB) declined 3.1 percent to 79.5 baht.
Tong Hua Communication Pcl (TH) , a newspaper publisher, dropped 6.3 percent to 13.4 baht, halting a seven-day rally. The company was asked by the stock exchange to clarify plans to allocate 500 million shares in a private placement, according to a regulatory filing.
Thai Vegetable Oil Pcl (TVO) , the nation’s largest soybean supplier, gained 4.4 percent to 24 baht, the highest close since Sept. 13. Soybean futures yesterday rose 2.8 percent to $15.4775 a bushel on the Chicago Board of Trade after reaching $15.7125, the highest level since July 15, 2008.
Thai Union Frozen Products Pcl (TUF TB), Thailand’s largest seafood exporter, climbed 1 percent to 75.25 baht. Thai Union may buy companies in Europe and the U.S. as the global economic slowdown spurs consolidation, President Thiraphong Chansiri said in an interview yesterday. The company plans to increase its revenue to $5 billion by the end of 2015 from $3.2 billion last year by boosting sales in Europe and the U.S., its two biggest markets, he said.
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