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Thailand Stocks: Hana, Sermsuk, Khon Kaen Sugar, Shin Corp.

March 10 (Bloomberg) -- Thailand’s SET Index rose for the first time in five days, gaining 2.07, or 0.3 percent, to close at 720.84.

Hana Microelectronics Pcl (HANA TB), Thailand’s biggest semiconductor packager, gained 1 percent to 20.9 baht, the most in a week. The company had its share-price estimate raised to 26 baht from 24.7 baht at Phillip Securities (Thailand) Pcl on higher demand for its products from makers of notebooks and mobile phones.

Khon Kaen Sugar Industry Pcl (KSL TB), Thailand’s only publicly traded sugar miller, dropped 3.4 percent to 13.3 baht, its lowest close since Dec. 3. Sugar futures yesterday fell to the lowest price in six months in London on signs buyers are holding back as prices retreat from two-decade highs and on an increased outlook for production in India.

Serm Suk Pcl (SSC TB), the Thai bottler of PepsiCo Inc. beverages, jumped 7.8 percent to 16.6 baht, its steepest advance since May 25. The company will pay a dividend of 2 baht a share for 2009, it said after the market closed yesterday. That compares with a payout of 0.75 baht a share the previous year.

Shin Corp. Pcl (SHIN TB), a holding company majority-owned by Singapore’s Temasek Holdings Pte, rose 2 percent to 26 baht, the most since Feb. 12. The company said today a court ruling to seize assets from ex-Thai Prime Minister Thaksin Shinawatra doesn’t affect its business because the company isn’t involved in the case.

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net

To contact the editor responsible for this story: Linus Chua at lchua@bloomberg.net

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