Bangkok Bank, Siam Commercial, Thai Union: Thai Equity Preview

The following shares may have unusual price changes in Thailand’s stock market. Stock symbols are in parentheses after company names, and prices are from the previous close. The SET Index rose 14.49, or 2 percent, to 731.61.

Bangkok Bank Pcl (BBL TB): Thailand’s biggest lender posted a better-than-estimated 17 percent increase in third-quarter profit. Net income was 5.07 billion baht ($152 million), or 2.66 baht a share, in the three months ended in September, compared with 4.32 billion baht, or 2.26 baht, a year earlier. The median estimate of seven analysts in a Bloomberg survey was for a profit of 4.91 billion baht. The stock dropped 0.4 percent to 121 baht.

Siam Commercial Bank Pcl (SCB TB): The country’s fourth-largest bank said third-quarter profit rose 7.7 percent to 5.2 billion baht That compared with the 5.24 billion baht median of six analysts’ estimates compiled by Bloomberg. The shares rose 1.2 percent to 85 baht.

Thai Union Frozen Products Pcl (TUF TB): The world’s second-biggest tuna canner had its share-price estimate raised to 32 baht from 29.5 baht at Kim Eng Securities (Thailand) Pcl, which cited the company’s higher sales of shrimp products. Thai Union climbed 3.7 percent to 28.25 baht.