Thailand Stocks: Inter Far East, Siam Cement, S. Pack & Print
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 rose 3.34, or 0.3 percent, to 1,037.73, the highest close since Jan. 6. The gauge gained 3.4 percent this week.
Inter Far East Engineering (IFEC) Pcl, a Thai supplier of office equipments, climbed 2 percent to 2.06 baht, the steepest advance since March 10. The company will pay an additional dividend of 0.06 baht a share, it said in a regulatory filing.
Siam Cement Pcl (SCC) , Thailand’s biggest maker of the material, rose 0.9 percent to 353 baht, the highest close since at least 1990. The company plans to spend 30 billion baht ($991 million) to boost production in Cambodia, Indonesia and Vietnam, Bangkok Post reported. The company is considering the acquisition or construction of new cement plant in Vietnam, the newspaper reported, citing Pramote Techasupatkul, the president of the cement unit. Pramote wasn’t available for comment when called at his office.
S. Pack & Print Pcl (SPACK TB), a paper box producer, rose 3 percent to 4.14 baht, the most since Sept. 9. Japan’s Oji Paper Co. acquired a 23.3 percent stake in S. Pack from another investment, becoming its biggest shareholder, the Thai company said in a regulatory filing to the stock exchange. Oji’s investment can help improve technology and expand customers in Japan, it said.
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