Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Thailand Stocks: Banpu, Ratchaburi Electricity, Thai Oil

Don't Miss Out —
Follow us on:

Nov. 19 (Bloomberg) -- Thailand’s SET Index rose for a second day, climbing 4.05, or 0.4 percent, to 1,008.77 at the 4:30 p.m. close. The gauge dropped 1 percent this week, the second weekly decline.

Banpu Pcl (BANPU TB), Thailand’s biggest coal producer, gained 2.9 percent to 780 baht, the most since Sept. 21. The company sold its 14 percent stake in Ratchaburi Electricity Generating Holding Pcl for 6.68 billion baht ($223 million). The Bangkok-based company sold 202.4 million shares of Ratchaburi at 33 baht each, Banpu said today. That’s 10 percent less than Ratchaburi’s closing price yesterday of 36.75 baht.

Ratchaburi (RATCH TB), the nation’s largest private power producer, dropped 4.1 percent to 35.25 baht, the lowest close since March 10.

Jasmine International Pcl (JAS TB),a provider of telecommunication services, jumped 5.5 percent to 2.1 baht, the highest since April 12. The company yesterday bought back 51.5 million shares for 101.7 million baht, it said in a regulatory filing.

Thai Oil Pcl (TOP TB), the country’s biggest oil refiner by market value, climbed 2 percent to 62.75 baht. The return from processing crude into motor fuel, the so-called crack spread, jumped to a four-month high of $11.74 a barrel yesterday on the New York Mercantile Exchange, from $4.44 Nov. 8. That’s the biggest margin ever for this time of year, according to data compiled by Bloomberg.

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.