Thailand Stocks: CP All, Hemaraj Land, Serm Suk, PTT
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 14.31, or 1.4 percent, to 1,050.67, the highest close since Jan. 6. The gauge has gained 1.7 percent for the quarter, the eighth straight quarterly advance.
CP All Pcl (CPALL) , Thailand’s largest convenience store operator, climbed 2.6 percent to 40.25 baht, the most since Feb. 25. CP All received a 10-year contract extension to operate 7- Eleven outlets at PTT Pcl (PTT)’s gasoline stations nationwide, the company said in an e-mailed statement.
PTT (PTT TB), Thailand’s biggest energy company, added 1.7 percent to 352 baht.
Hemaraj Land & Development Pcl (HEMRAJ TB), an industrial land developer, jumped 6.9 percent to 2.18 baht, the largest increase since Dec. 13. Hemaraj was upgraded to “buy” from “hold” by Kim Eng Securities (Thailand) Pcl, which said Japanese manufacturers may relocate or expand their operations in Thailand following the earthquake.
Pylon Pcl (PYLON) , a provider of civil foundation works, gained 1.3 percent to 3.12 baht. The company won six contracts worth 127.5 million baht ($4.2 million), it said in a regulatory filing.
Serm Suk Pcl (SSC) , a Thai bottler of PepsiCo Inc. beverages, dropped 1 percent to 48.5 baht, the first decline in seven days. The company said it received a petition that Pepsi- Cola (Thai) Trading Co. filed to the Civil Court seeking to cancel resolutions approved by shareholders earlier this year. The court has scheduled a hearing on May 30, according to a regulatory filing from the company.
To contact the reporter on this story: Anuchit Nguyen in Bangkok at email@example.com
To contact the editor responsible for this story: Darren Boey at firstname.lastname@example.org