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Thailand Stocks: Amata, PTT Global, Thai Optical, TPI Polene

Nov. 22 (Bloomberg) -- Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the close in Bangkok.

The SET Index rose 1.3 percent to 977.36, the first increase in four days.

Amata Corp. Pcl (AMATA TB), Thailand’s second-largest publicly traded developer of industrial land by market value, climbed 1.9 percent to 10.7 baht, the biggest gain since Nov. 11. The company expects sales to rise by at least 20 percent in 2012. Foreign manufacturers have expressed interest in Amata’s industrial estates in eastern Thailand, which haven’t been affected by the flooding in the country, Chief Operating Officer Viboon Kromadit told investors yesterday.

Nawarat Patanakarn Pcl (NWR TB), a contractor, added 3.2 percent to 0.64 baht. The company won two contracts with a total value of 2.92 billion baht ($93.7 million), it said in a regulatory filing.

PTT Global Chemical Pcl (PTTGC TB), the nation’s biggest petrochemical maker, gained 1.6 percent to 64 baht, the first increase in four days. The company will invest 114.8 million euro ($154.9 million) for a 51 percent stake in Perstorp Holding France SAS, the Thai company said in a regulatory filing. Perstorp is a producer of chemical materials for production of foams and coating, it said.

Thai Optical Group Pcl (TOG TB), the largest listed producer of optical glasses, advanced 0.7 percent to 2.72 baht. Sarote Prachaktam, Thai Optical’s managing director, will resign from his post from Jan. 1, the company said in a regulatory filing. Wirach Prachaktam will become the new managing director, it said.

TPI Polene Pcl (TPIPL TB), the third-biggest cement maker, climbed 1.3 percent to 38.75 baht. An appeals court on Aug. 19 overturned a ruling that would have forced the company to pay a fine of 6.9 billion baht. The state prosecutor told the company that it won’t submit a further appeal to the Supreme Court, TPI said in a regulatory filing today.

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

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