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Thailand Stocks: Diamond Building, Minor, Sri Trang, Thai Rubber

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June 3 (Bloomberg) -- Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the 4:30 p.m. close in Bangkok.

The SET Index fell 1.95, or 0.2 percent, to 1,057.86. The benchmark declined for a third straight week, dropping 0.9 percent.

Rubber producers: Rubber futures in Tokyo jumped as much as 2.6 percent to 391.7 yen a kilogram, gaining for the first time in three days.

Sri Trang Agro-Industry Pcl (STA TB), Thailand’s biggest publicly traded rubber producer, rose 3.5 percent to 29.25 baht. Thai Rubber Latex Corp. (Thailand) Pcl (TRUBB TB), the second biggest, gained 0.7 percent to 7 baht. Inoue Rubber (Thailand) Pcl (IRC TB) rose 0.9 percent to 11.7 baht.

Diamond Building Products Pcl (DRT TB), a maker of roofing tiles, dropped 0.8 percent to 6.05 baht, the biggest decline since May 24. Roofing-tile sales will fall to 60 percent of Diamond Building’s total sales this year, Kelive Research wrote today in a note to clients. Kelive has a share-price target of 6 baht for Diamond Building.

Minor International Pcl (MINT TB), the nation’s biggest hotel and restaurant operator, rose 2.6 percent to 12 baht, the biggest gain since April 29. The company may report record net income in 2011 as a rebound in tourism boosts hotel occupancy rates, Chief Operating Officer Dillip Rajakarier said in an interview.

To contact the reporter on this story: Tony Jordan in Bangkok at tjordan3@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net.

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