Thailand Stocks: Aapico Hitech, BEC World, Kiatnakin, Phatra
Shares of the following companies had unusual moves in Thailand trading. (SET) Stock symbols are in parentheses and prices are as of the close in Bangkok. Thai markets were closed yesterday for a public holiday.
The SET Index fell for a third day, declining 0.3 percent to 1,030.61.
Financial Companies: Kiatnakin Bank Pcl (KK) slid 8.2 percent to 33.75 baht, the largest decrease since Oct. 15, 2009. Phatra Capital Pcl (PHATRA) slumped 5.8 percent to 32.5 baht, the steepest decline since Aug. 24.
The two companies on Dec. 9 announced a plan to merge through a share swap.
Aapico Hitech Pcl (AH) , an auto-parts maker, gained 2.8 percent to 10.9 baht, its highest close since Sept. 30. The company’s net income rose 63 percent in the third quarter to 135.6 million baht ($4.35 million), it said in a regulatory filing after the market close on Dec. 9.
BEC World Pcl (BEC) , a free-to-air television broadcaster, rose 4.4 percent to 42 baht, its highest close since Sept. 16. The company received more advertising bookings this month after demand dropped by about a third in November amid flooding in Thailand, the Post Today newspaper reported, citing Vice President Chatchai Thiamtong. Chatchai wasn’t available for comment when called at his office today.
Electricity Generating Pcl (EGCO) , a power producer, gained 1.1 percent to 92 baht, the highest close since Aug. 31. Three of the company’s power plants won contracts to sell electricity to the state-owned Electricity Generating Authority of Thailand.
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