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Thailand Stocks: Khon Kaen Sugar, Sri Trang Agro, True Corp.

Dec. 30 (Bloomberg) -- Thailand’s SET Index rose less than 0.1 percent to 1,035.35 at the 12:30 p.m. local time break. The gauge has gained 41 percent this year, extending 2009’s 63 percent rally.

Sri Trang Agro-Industry Pcl, Thailand’s biggest publicly traded rubber producer, is the best performer in the 477-member benchmark index in 2010, gaining 691 percent. P Plus P Pcl, a book publisher, lost 61 percent, the worst performer.

Today is the last trading day of 2010 as financial markets will be closed on Dec. 31.

Khon Kaen Sugar Industry Pcl (KSL TB), Thailand’s only publicly traded sugar miller, dropped 1.5 percent to 12.8 baht, poised for the lowest close since Nov. 1. The company said net income for the year ended Oct. 31 dropped 83 percent to 158.7 million baht ($5.3 million).

Sri Trang Agro (STA TB) gained 2.1 percent to 35.75 baht, the first advance in five days. Rubber extended gains, heading for the second straight annual advance, on concern that a shortage may worsen early next year as top exporter Thailand enters a low-production period known as wintering.

True Corp. Pcl (TRUE TB), the operator of Thailand’s third-largest mobile phone network, dropped 0.7 percent to 7.15 baht, ending a two-day, 9.9 percent gain. True Corp. said it will acquire stakes in Hutchison Telecommunications Investment Ltd.’s units in Thailand for 4.35 million baht to expand its cellular phone network.

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

To contact the editor responsible for this story: Richard Frost at rfrost4@bloomberg.net

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