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Thailand Stocks: Banpu, PTT Global, Thaicom, Thai Union Frozen

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May 11 (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.

The SET Index rose less than 0.1 percent to 1,191.01. The gauge had its first weekly decline in a month, falling 2.97 percent.

Banpu Pcl (BANPU TB), the nation’s biggest coal producer, fell 2.6 percent to 524 baht, its lowest close since Oct. 5. Net income fell 70 percent to 2.78 billion baht ($89 million) in the first quarter because of the absence of investment gains, the company said yesterday in a statement.

PTT Global Chemical Pcl (PTTGC TB), Thailand’s largest petrochemical producer, gained 1.2 percent to 65.5 baht. The company reported profit of 9.85 billion baht in the first quarter, compared with the 9.23 billion-baht average of three analyst estimates compiled by Bloomberg.

Srivichai Vejvivat Pcl (VIH TB), a hospital operator, rose 10 percent to 4.34 baht, rallying for a third day after its trading debut on May 9. The company sold 135 million shares in an initial public offering at 1.25 baht each.

Thaicom Pcl (THCOM TB), a satellite operator, fell 3.4 percent to 14.4 baht, its lowest close in a month. The company reported profit of 42.4 million baht in the first quarter, compared with the 83 million-baht average of three analyst estimates compiled by Bloomberg.

Thai Union Frozen Products Pcl (TUF TB), Thailand’s largest seafood exporter, rose 2.5 percent to 73.25 baht, the biggest gain in a month. The company said first-quarter profit jumped 93 percent to 1.47 billion baht. That compares with the 1.28 billion-baht average of six analyst estimates compiled by Bloomberg.

To contact the reporter on this story: Tony Jordan in Bangkok at tjordan3@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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