Thailand Stocks: Home Product, Indorama, Somboon, Thai Stanley
The SET Index rose 0.8 percent to 1,224.21, the highest close since May 8.
Auto-parts makers: Thai Stanley Electric Pcl (STANLY) , Thailand’s biggest auto-parts producer by market value, gained 2.5 percent to 202 baht, the highest close since January 2004. Somboon Advance Technology Pcl (SAT) climbed 1.8 percent to 28.75 baht. Thai Rung Union Car Pcl (TRU) jumped 4.1 percent to 10.2 baht, the highest level since March 2005.
Thailand’s vehicle sales in the first half jumped 40 percent to 606,523 units, Toyota Motor Thailand Co. Ltd., the nation’s largest automakers, said in an emailed statement today.
Home Product Center Pcl (HMPRO) , Thailand’s largest retailer of home-improvement hardware, increased 4.1 percent to 12.60 baht, the steepest advance since May 17. Net income in the second quarter probably jumped 25 percent from a year earlier to 573 million baht ($18.1 million) on strong demand following last year’s floods, Suttatip Peerasub, an analyst at Maybank Kim Eng Securities (Thailand) Pcl, said in a note today.
Indorama Ventures Pcl (IVL) , the nation’s largest maker of polyester, surged 6.2 percent to 30 baht, the biggest gain since June 15. Cotton futures rose to a three-week high yesterday as below-average rain spurred supply concerns in India, the world’s second-biggest producer. The polyester is a substitute for cotton.
PTT Pcl (PTT) , Thailand’s largest energy company, rose 1.5 percent to 336 baht, the highest close since July 5. Crude oil advanced 1.5 percent to $88.43 in New York yesterday, the highest close since May 29.
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