Feb. 15 (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 1.8 percent to 1,126.48, the highest close since Aug. 3.
Airports of Thailand Pcl (AOT TB), the nation’s largest airport operator, gained 2.4 percent to 53.75 baht, the highest close since June 2008. Net income in the quarter ended Dec. 31 jumped 37 percent to 1.26 billion baht ($41 million).
Bangchak Petroleum Pcl (BCP TB), an oil refiner, climbed 4.8 percent to 21.80 baht, the highest level since Sept. 9. Net income in 2011 doubled to 5.61 billion baht, the company said yesterday.
PTT Exploration & Production Pcl (PTTEP TB), Thailand’s only publicly traded oil explorer, advanced 1.7 percent to 176.50 baht, halting a three-day slide. The company expects to sign contracts to explore for oil and gas in Myanmar’s Block G and Block EP2 concession areas “in a couple of weeks,” Chief Executive Officer Anon Sirisaengtaksin told reporters today.
Thai Oil Pcl (TOP TB), Thailand’s biggest oil refiner by market value, rose 3.2 percent to 72 baht, the most since Feb. 8. Thai Oil’s board approved a plan to invest in a linear alkyl benzene project worth around $300 million, Chief Executive Officer Surong Bulakul said today. The project on Thailand’s eastern seaboard will produce raw materials for detergents and is scheduled to start operations in 2016, he said.
Thai Rayon Pcl (TR TB), a chemical producer, slid 9.4 percent to 70.25 baht, the steepest decline since November 2010. The company swung to a loss of 13.7 million baht in the quarter ended Dec. 31, from a profit of 644.2 million baht in the same period a year earlier.
To contact the reporter on this story: Anuchit Nguyen in Bangkok at email@example.com
To contact the editor responsible for this story: Darren Boey at firstname.lastname@example.org