Thailand Stocks: PTT Exploration, Siam Cement, Thai Vegetable
Thailand’s SET Index (SET) fell 12.08, or 1.2 percent, to 983.96 at the 4:30 p.m. close, the first drop in four days.
Berli Jucker Pcl (BJC) , a Thai trading company controlled by billionaire Charoen Sirivadhanabhakdi, dropped 5.1 percent to 20.4 baht, the steepest decline since Sept. 6. The company is still studying the possible acquisition of Carrefour SA’s Thai assets, Berli Jucker said in a regulatory filing.
PTT Exploration & Production Pcl (PTTEP) , Thailand’s only publicly traded oil explorer, fell 1.5 percent to 168.5 baht, the most in one week. Net income in the third quarter more than doubled to 10.5 billion baht ($350 million) because of increased production and foreign-exchange gains. Profit was lower than the 11.6 billion baht median estimate of 10 analysts in a Bloomberg survey.
Siam Cement Pcl (SCC) , the country’s third-largest publicly traded company by market value, declined 2.1 percent to 323 baht, the most in three weeks. Siam Cement said third-quarter profit fell 6 percent to 6.56 billion baht as cement prices fell and margins at its chemicals business narrowed.
Thai Vegetable Oil Pcl (TVO) , the nation’s largest soybean supplier, jumped 4.6 percent to 28.75 baht, a record close. Soybeans for January delivery earlier touched $12.405 a bushel on the Chicago Board of Trade, the highest price for a most-active contract since Sept. 4, 2008.
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