Thailand Stocks: PTT, PTT Chemical, S&P Syndicate, Samart
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 12.22 points, or 1.2 percent, to 1,037.22, halting a six-day slide. The gauge dropped 3 percent this week.
PTT Pcl (PTT) , Thailand’s biggest energy company, gained 2.6 percent to 317 baht, the most in more than a week. The company will pay an interim dividend of 6 baht a share, it said in a regulatory filing today. That was an increase from a payout of 4.75 baht a share in the same period last year.
PTT Chemical Pcl (PTTCH) , the nation’s largest petrochemical maker by market value, climbed 4 percent to 129 baht, the steepest advance since July 4. The company maintained a revenue target of 100 billion baht ($3.3 billion) this year, even as it plans to shut an ethylene cracker for maintenance in the third quarter, the company’s President Veerasak Kositpaisal said today.
Samart Corp. Pcl (SAMART TB), a telecommunication service provider, rose 3.3 percent to 9.30 baht, the most since Aug. 4. The Cambodian government will allow its unit to raise fees for air navigation services by an average of 5.5 percent, Samart said in a regulatory filing. Cambodia Air Traffic Services Co., Samart’s unit, operates an air-control service under a 32-year contract until 2033 with the Cambodian government, it said in a statement to the Thai stock exchange.
S&P Syndicate (SNP TB), a restaurant operator, gained 1.3 percent to 81 baht, the largest increase since Aug. 15. Minor International Pcl (MINT) will offer to buy the shares of S&P Syndicate Pcl (SNP) it doesn’t already own for 5.1 billion baht, or 70 baht a share. The offering comes after the company increased its stake in S&P Syndicate to 26.28 percent from 24.62 percent, Minor said in a regulatory filing today. Minor (MINT TB) added 3.3 percent to 12.4 baht.
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