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Stocks Linked to Shinawatra Family Gain in Thai Stock Trading

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Former Thai Prime Minister Thaksin Shinawatra
Thailand's former prime minister Thaksin Shinawatra, seen here in 2008. Photographer: Saeed Khan/AFP/Getty Images

July 4 (Bloomberg) -- Companies linked to the family of Thaksin Shinawatra rose in Bangkok trading after his sister, Yingluck, won a majority in yesterday’s election.

SC Asset Pcl and M Link Asia Corp., which are controlled by Yingluck’s family, surged 12 percent and 20 percent respectively as of 10:01 a.m. local time.

Shin Corp. Pcl, Advanced Info Service Pcl and Thaicom Pcl, Thai telecommunication companies formerly controlled by Yingluck’s family, also jumped.

Shin gained 5.3 percent to 34.5 baht. Advanced Info rose 5.8 percent to 110 baht. Thaicom Pcl increased 5.2 percent to 9.1 baht.

Link to Company News:{SC TB <Equity> CN <GO>}

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

To contact the editor responsible for this story: Tony Jordan at tjordan3@bloomberg.net

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