Thailand Stocks: Premier, Regional Container, Somboon Advance
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 5.38 points, or 0.5 percent, to 1,088.46, advancing for a second day. The gauge gained 4.5 percent this week, the largest weekly advance in four months.
Premier Technology Pcl (PT) , a distributor of audio and video equipment, jumped 19 percent to 3.16 baht, the most since March 14. The company received an interim dividend of 30 million baht ($991,408) from a subsidiary, it said in a statement to the stock exchange.
Regional Container Lines Pcl (RCL) , a sea-cargo shipping company, gained 4.3 percent to 8.5 baht, the largest increase since Nov. 10. The company is still in the process of selling an office building in Singapore for S$175 million. The company’s statement was in response the Business Times newspaper’s report that the company already completed the sale of the building.
Somboon Advance Technology Pcl (SAT) , Thailand’s second- biggest publicly traded auto-parts maker, rose 1.6 percent to 25 baht, the highest close since Jan. 28. The company was rated “buy” in new coverage at DBS Vickers Securities (Thailand) Pcl, which said increased capacity and higher production will boost earnings. The brokerage has a share-price estimate for the stock of 29 baht.
Sri Trang Agro-Industry Pcl (STA) , the country’s biggest publicly traded rubber producer, gained 1.8 percent to 28.25 baht, a one-month high. Rubber futures advanced as much as 1.4 percent to 384.7 yen a kilogram ($4,728 a metric ton) before settling at 379.2 yen on the Tokyo Commodity Exchange.
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