Thailand Stocks: Asia Plus, Loxley, Lanna Resources, Samart
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 in Bangkok.
The SET Index fell 4.88, or 0.5 percent, to 981.83. The gauge lost 2.5 percent this week, a third weekly decline.
Energy companies: PTT Exploration & Production Pcl (PTTEP TB), the only publicly traded oil explorer, dropped 0.9 percent to 158.5 baht. Banpu Pcl (BANPU TB), the country’s largest coal producer, declined 1.3 percent to 754 baht. Lanna Resources Pcl (LANNA TB) slipped 3.4 percent to 23.1 baht.
Crude oil headed for its biggest weekly decline in New York since November on speculation more OPEC supply will swell U.S. inventories. Brent crude rose, extending a record premium over prices in the U.S.
Asia Plus Securities Pcl (ASP TB), a stock brokerage, rose 3 percent to 2.76 baht, the most since Jan. 6. Net income increased 66 percent to 751.6 million baht in 2010.
Phatra Capital Pcl (PHATRA TB), a stock brokerage, climbed 2.6 percent to 30 baht. The company reported 2010 net income more than doubled from a year earlier to 1.03 billion baht ($33 million).
Samart Corp (SAMART TB), a telecommunication service provider, jumped 10 percent to 9 baht, the biggest gain since Aug. 17. Samart and partners including Huawei Technologies Co. and Loxley Pcl won a bid to develop a high-speed mobile-phone network for Thailand’s TOT Pcl. The group, which also includes Nokia Siemens Networks, offered to build the network for 16.3 billion baht, Arnon Tubtiang, TOT’s senior executive vice president, said in Bangkok today after an auction.
Loxley Pcl (LOXLEY TB) increased 5.3 percent to 2.76 baht.
True Corp. Pcl (TRUE TB), Thailand’s third-largest mobile- phone operator, rose 3.8 percent to 6.9 baht. True will invest as much as 5 billion baht to expand a so-called third-generation wireless network under an agreement with CAT Telecom Pcl, Chief Executive Officer Supachai Chearavanont said yesterday.
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