Thailand Stocks: Airports of Thailand, Solution, Thai Union
Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the 12:30 p.m. break in Bangkok.
The SET Index rose for a third day, gaining 6.03, or 0.6 percent, to 1,085.94.
Airports of Thailand Pcl (AOT) , Thailand’s biggest airfield operator, climbed 5.3 percent to 45 baht, bound for the highest close since Oct. 8, 2009. The stock was lifted to “outperform” from “neutral” at Credit Suisse Group AG, which cited the rising number of passengers. The brokerage increased the share-price estimate to 58 baht from 40 baht.
Solution Corner 1998 Pcl (SLC) , a provider of computer services, slid 6.5 percent to 0.72 baht, set for its largest drop in more than two weeks. Investors are required to pay cash upfront before placing orders to buy Solution Corner’s shares, the Stock Exchange of Thailand said in a statement.
Thai Union Frozen Products Pcl (TUF) , a seafood exporter, gained 1.4 percent to 54 baht, heading for the highest close since Dec. 14. Thai Union’s sales may rise 40 percent to at least $3 billion this year on increased international consumption of canned tuna, the Bangkok Post reported, citing the company’s President Thiraphong Chansiri.
Thiraphong was not available for comment when called at his office.
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