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Thailand Stocks: Krisda Mahanakorn, Toyo-Thai, Thai Airways

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 0.7 percent to 1,209.27, the highest close since April 3.

Krisda Mahanakorn Pcl (KMC TB), a property developer, slumped 57 percent to 0.72 baht, a record low. Investors who buy shares today won’t be entitled to a 10-for-1 stock rights offer. The company offered new shares at 0.40 baht each in the rights issue.

Toyo-Thai Corp. Pcl (TTCL TB), a construction company, rose 2.7 percent to 15 baht, the biggest increase since April 12. The company won two construction contracts valued at a total 2.7 billion baht ($87.3 million) in Vietnam, it said in a regulatory filing.

Thai Airways International Pcl (THAI TB), the nation’s largest carrier, added 1 percent to 26.5 baht, the highest close since March 21. The airline has targeted a profit of 6 billion baht in 2012 compared with a loss last year, the Thai-language Post Today reported, citing President Piyasvasti Amranand. Piyasvasti wasn’t available for comment when called at his office.

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