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: Khonburi, Quality Houses, Thoresen Thai, Tisco

June 21 (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 rose 14.63 points, or 1.4 percent, to 1,027.72, snapping a four-day, 2.1 percent decline.

Khonburi Sugar Pcl (KBS TB), a sugar miller, jumped 5.1 percent to 12.4 baht, the first advance in three days. Thailand’s sugar-cane production in the crop year starting November may increase 5.7 percent to a record of 105.1 million metric tons, the Office of Agricultural Economics, the government’s state agency, said on its website.

Quality Houses Pcl (QH TB), a residential property developer, dropped 2.3 percent to 1.71 baht, the lowest close since August 2009. The company had its share-price estimate cut to 2.12 baht from 2.80 baht at Kelive Research, which cited lower sales of the company’s residential properties.

Thoresen Thai Agencies Pcl (TTA TB), a shipping company, gained 4.4 percent to 19 baht, the most since May 26. The company will pay an interim dividend of 0.5 baht per share, it said in a regulatory filing.

Tisco Financial Group Pcl (TISCO TB), a financial company, climbed 2.8 percent to 36.5 baht, the steepest advance since May 19. Tisco was upgraded to “buy” from “hold” at Kelive Research, which cited earnings growth and a higher dividend yield. The brokerage raised its share-price estimate to 43.5 baht from 42 baht.

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.