Thailand Stocks: Chumporn Palm Oil, Thai Airways, Toyo-Thai
Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of 10:30 a.m. in Bangkok.
The SET Index rose 2.14, or 0.2 percent, to 1,1135.60, the first increase in three days.
Chumporn Palm Oil Industry Pcl (CPI) , a palm oil producer, surged 18 percent to 4.90 baht, set for the highest close since August 2008. Net income doubled to 66.4 million baht ($2.2 million) in the second quarter, it said in a regulatory filing. In a separate statement, the company said it plans to spend 624 million baht to build a new plant.
Thai Airways International Pcl (THAI) , the country’s largest carrier, climbed 3.6 percent to 28.75 baht, on course for the steepest advance since July 19. Thai Airways filled 77 percent of its seats in July, the highest rate in four years, President Piyasvasti Amranand said yesterday.
Toyo-Thai Corp. Pcl (TTCL TB), a construction company, gained 1.8 percent to 11.2 baht, poised for the highest close since the stock listed in June 2009. Toyo-Thai’s venture won a contract valued $200 million to build a fertilizer plant in Vietnam, it said in a statement to the stock exchange.
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