Thailand Stocks: Quality Houses, Thai Air, Thai Rubber Latex
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 1.31, or 0.1 percent, to 1,084.96. The gauge gained 3.3 percent this week, the first advance in three weeks.
Furukawa Metal (Thailand) Pcl (FMT TB), a Thai maker of copper tubes, jumped 7.7 percent to 18.30 baht, the biggest gain since Aug. 6. Profit in the first quarter doubled to 40.9 million baht ($1.35 million).
Quality Houses Pcl (QH) , a property developer, dropped 2.8 percent to 2.06 baht, the lowest close since March 18. Net income declined 84 percent to 157.7 million baht.
Samchai Steel Industries Pcl (SAM) , a steel supplier, gained 3.3 percent to 0.94 baht, the highest close since October 2008. The company had a profit of 40.2 million baht in the first quarter, compared with a net loss of 5.72 million baht a year earlier.
Thai Rubber Latex Corp. (Thailand) Pcl (TRUBB TB), a rubber latex producer, jumped 13 percent to 7.25 baht, the most since July 12. Profit in the three months ended March 31 increased 39 percent to 255 million baht. The company will also offer investors one new share at 3 baht each for every four shares they own, it said in a regulatory filing.
Thai Airways International Pcl (THAI) , the country’s largest air carrier, fell 1.9 percent to 39 baht, the biggest drop since May 3. The company posted a 94 decline in its first- quarter profit to 618.5 million baht.
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